Tag: Oil Licences
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Buhari approves renewal of three oil licences for Seplat till 2038
President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OML) belonging to oil and gas firm, Seplat Petroleum Development Company Plc. According to sent by the company to the Nigerian Stock Exchange (NSE) on Thursday, the president gave consent for the renewal of the three licences––OMLs 4, 38 and 41––to…
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FG to fund 2017 budget from proceeds of new oil licences – Udoma
The Minister of Budget and National Planning, Udoma Udoma says that the Federal Government will issue new oil licences as part of efforts to explore new streams of revenues to fund the 2017 budget. Udoma made this known when he appeared before the Senate Joint Committee on Appropriation and Finance to defend the revised Medium…