Tag: Reserves
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Oil reserves drop by 961 million barrels
Nigeria’s oil reserves has recorded a decline of 961.47 million barrels in four years, TheNewsGuru.com can authoritatively report. Recall that the Federal Government had earlier set a target of increasing the oil reserves. The oil reserves fell from a high of 32.23 billion barrels in 2012 to 31.27 billion barrels in 2016 while the condensate…
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Buhari: FG frowns at medical vacation abroad, says ‘it is draining our reserves’
Vice President Prof. Yemi Osinbajo has said the medical tourism embarked upon by Nigerians (especially the political class) is draining the nation’s reserves while noting that the President Muhammadu Buhari led administration will do everything possible to ‘stop the trend’ He made this known on Thursday in an opening remark at the commencement of a…
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NNPC set to increase oil, gas reserves
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has pledged to improve reserves and production capacity of the Nigerian Petroleum Development Company (NPDC). Dr. Baru made the pledge in a statement by Mr Ndu Ughamadu, NNPC Group Managing Director, Group Public Affairs Division, in Abuja on Thursday. Baru described…