NEITI: NPDC owes N68bn, $3.3bn in taxes & royalties

01 January 2017, Abuja — The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC, owes the federation N68.2 billion and $3.3 billion in taxes and royalties from its oil and gas operations, respectively. NEITI made this known in its […] More »