NNPC

Senate uncovers fresh $1.151b illegal withdrawals from NLNG
Akwa Ibom National News Nigeria Nigeria Liquefied Natural Gas Nigeria National Petroleum Corporation NLNG NNPC PDP Senate Senator Bassey Albert Akpan

Senate uncovers fresh $1.151b illegal withdrawals from NLNG

Senate President Bukola Saraki PHOTO: TWITTER/ NIGERIAN SENATE The Senate yesterday said it again uncovered illegal multiple withdrawals of $1.151 billion from the dividends accounts of the Nigeria Liquefied Natural Gas (NLNG) by the Nigeria National Petroleum Corporation (NNPC). This is apart from the $1.05 billion NNPC Group Managing Director […]

‘Current industry laws not supporting deep offshore investments’
Ajibola Oyebamiji Dr. Andrew Ejayeriese Energy NAPE NNPC

‘Current industry laws not supporting deep offshore investments’

[FILE PHOTO] Oil and Gas • Nigeria’s present gas figure conservative, insists NAPE The Nigerian Association of Petroleum Explorationists (NAPE) says current legislations governing operations in the country’s oil and gas industry do not encourage investments in deep offshore projects. The association noted that with the degree of risks, pressure, […]

Muhammadu Buhari‎ NNPC Opinion Outlook Phrank Shaibu

Subsidy: Buhari’s NNPC as cesspool of corruption

It is no longer debatable that the deep-seated illegality and abuse of financial procedures which has characterized the operations of the Nigerian National Petroleum Corporation (NNPC) in the last few decades still bedevils it in spite of the present administration’s claim to transparency and integrity. An instant revelation of this […]

Kingsley Moghalu National News Nigeria NNPC Politics YPP

Buhari’s goverment is not transparent- Moghalu

Presidential candidate of the Young Progressives Party (YPP), Kingsley Moghalu, said President Muhammadu Buhari’s administration is not transparent, and deceitful. “The illegal payment of fuel subsidy shows the President Buhari administration is not transparent. His government is also deceitful and acting contrary to its claims of fighting corruption,” Moghalu’s spokesman […]

NNPC dismisses report of looming fuel scarcity
Fuel scarcity National News Nigeria NLC NNPC

NNPC dismisses report of looming fuel scarcity

Kerosine scarcity The Nigerian National Petroleum Corporation (NNPC) has dismissed the speculations of an impending petroleum products scarcity in the country. “Providing information on the petroleum products stock level became necessary to dispel suggestions that the threat of strike action by the Nigeria Labour Congress (NLC) would result in a […]

National News Nigeria NNPC Sen. Abiodun Olujimi Sen. Ali Ndume

Senate probes alleged $3.5bn subsidy recovery fund

The Senate on Tuesday resolved to set up an ad hoc committee to investigate $3.5 billion Subsidy Recovery Fund, allegedly created by “the Nigerian National Petroleum Corporation (NNPC) and solely managed by its Group Managing Director and the Executive Director, Finance.’’ The decision followed a Point of Order raised by […]

NNPC/SNEPCo Cradle-to-Career scholarship beneficiaries hit 375
Cradle-to-Career scholarship Energy NNPC SNEPCo

NNPC/SNEPCo Cradle-to-Career scholarship beneficiaries hit 375

NNPC tower Another 108 Nigerians have been awarded full secondary education scholarship under the NNPC/SNEPCo National Cradle-to-Career (NC2C) Scholarship scheme launched in 2014, bringing the total number of beneficiaries in the last four years to 375. The scholarship, administered by Shell Nigeria Exploration and Production Company (SNEPCo), offers full boarding […]

Improved output raises NNPC’s monthly trade surplus to N18.12b
National News Nigeria NNPC NPDC

Improved output raises NNPC’s monthly trade surplus to N18.12b

NNPC tower The Nigerian National Petroleum Corporation (NNPC) has announced a trade surplus of N18.12 billion for May, driven by increased oil production.The performance was relatively higher than the N17.16 billion figures of the preceding month, according to a statement yesterday by the corporation.Details of the transactions contained in the […]

Ondo, NNPC ethanol project to commence before end of 2018
Governor Olurotimi Akeredolu Metro News Nigeria NNPC Ondo

Ondo, NNPC ethanol project to commence before end of 2018

Ondo State Governor, Mr Oluwarotimi Akeredolu To create more employment opportunities in Ondo State, the state government’s cassava-ethanol project is expected to commence before the end of the year. Special Adviser to the Governor Olurotimi Akeredolu on Development and Investment, Boye Oyewumi, disclosed this at the weekend when a team […]

Regulators equivocate on kerosene importation, as scarcity worsens
Business Business News Ndu Ughamadu NNPC

Regulators equivocate on kerosene importation, as scarcity worsens

Kerosene Industry regulators, the Department of Petroleum Resources (DPR), and Petroleum Products Pricing Regulatory Agency (PPPRA), have deliberately withheld importation data for kerosene, as scarcity hits the market with price differentiation.Even the Nigerian National Petroleum Corporation (NNPC), the biggest importer of the product could not offer any assistance. Households (which […]

No, Osinbajo, IBB left legacies
Columnists ECOWAS Ibrahim Babangida NNPC Opinion PTF Yemi Osinbajo

No, Osinbajo, IBB left legacies

Former Head of State, Gen. Ibrahim Babangida Vice President Yemi Osinbajo last Sunday took a swipe at past governments in Nigeria accusing them of draining huge funds with little or no investment in infrastructure. Specifically, he accused the IBB/Abacha administration, the Obasanjo/Yar’ Adua governments and the Jonathan administration of this […]

Nigeria now haven for ‘dirty fuels’ as regulations fail
African News diesel Dirty Fuel DrillBytes Energy Nigerian National Petroleum Corporation NNPC petroleum

Nigeria now haven for ‘dirty fuels’ as regulations fail

Petrol Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products that are not accepted in other parts of the globe including most African nations, have continued to flood the […]

Oil reserve crisis looms over delay of blocks
Ibe Kachikwu National News Nigeria NNPC Oil reserve

Oil reserve crisis looms over delay of blocks

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC • How non-passage of petroleum bill stalls sector’s outlook The delay in the award of new oil blocks and uncertainties over existing marginal oilfields are upsetting industry players, amid a warning that the country’s economic development could be […]

Regulators withhold data on kerosene importation as scarcity worsens
Business Business News Ndu Ughamadu NNPC

Regulators withhold data on kerosene importation as scarcity worsens

Kerosene PHOTO:AFP Industry regulators, the Department of Petroleum Resources (DPR), and Petroleum Products Pricing Regulatory Agency (PPPRA), have declined to produce importation data for kerosene as scarcity hits the market with price differentiation Even the Nigerian National Petroleum Corporation (NNPC), the biggest importer of the product could not offer any […]

President Buhari’s Takeaways from FOCAC Beijing Summit
China FOCAC Maikanti Baru Muhammadu Buhari‎ National News Nigeria NNPC

President Buhari’s Takeaways from FOCAC Beijing Summit

China's Premier Li Keqiang (R) talks to Nigeria's President Muhammadu Buhari during their meeting at the Diaoyutai State Guesthouse in Beijing on September 5, 2018. Parker Song / POOL / AFP Heads of State, Governments and delegations from 52 African countries, which includes Nigeria and the People’s, Republic of China […]