Tuesday, 2 January 2018

Nigeria loses N260b through exchange of crude oil with petroleum products

The Nigeria Extractive Industries Transparency Initiative (NEITI) 2015 Oil and Gas Industry Audit Report, showed that the country recorded a net loss of $723 million (N260 billion) from getting refined products through Offshore Processing Arrangement (OPA) in 2015. Besides, the agency said that sum of N317 billion which is the value of crude allocated for […]

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