GOVERNMENT MAY EXIT $712.46B MONTHLY JOINT VENTURE FUNDING

Indications emerged yesterday, that from August this year, the Federal Government may hands off from Joint Venture (JV) cash call and allow International Oil Companies (IoCs) to embark on self-funding of oil and gas activities.

The Nigerian National Petroleum Corporation (NNPC) had said in its monthly financial report that 2016 budget requires monthly funding of about $712.46 million to JV cash calls.

Read more @ The Guardian