Despite the pain of the disease, grief and deaths, year 2020 stood out as one full of hope of national rebirth in Nigeria. In the midst of the hardship, confusion and uncertainty occasioned by COVID-19, the nation witnessed another growing consciousness in its demands for better life and good governance. It was evident in the #EndSARS protest. When one flips Read More
The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it had undertaken, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project. Speaking during the 2021 Budget Defense and Performance Appraisal meeting with officials of the Corporation, the chairman of the Committee, James Manager, expressed satisfaction with the various gas development Read More
The Senate on Monday directed the Acting Auditor – General of the Federation, Mr. Adolphus Aghughu, to make the focus of the office as far as yearly auditing is concerned, more on bigger government agencies than smaller ones . This is even as it accused the Office of Auditor General of the Federation ( OAuGF ) , as part of Read More
The Nigeria National Petroleum Corporation (NNPC) has clarified the controversy on the reported increase in the ex-depot price of Premium Motor Spirit (PMS) known as petrol. In a statement made available to journalists on Friday by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, the present increase by the Corporation is a reflection of the interplay of Read More
A non-governmental organization, Akwa Ibom Oil Producing Community Development Network (AKIPCON) has written to the Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, demanding more than 16.4 billion naira compensation. The demand was contained in a letter obtained by our correspondent, and to addressed to NNPC Managing Director, signed by the organisation’s lawyer, Barrister N. A. Williams Read More
The Nigerian National Petroleum Corporation (NNPC) has said it supplied 727 million Standard Cubic Feet per day (mmscfd) of natural gas for power generation to the national grid in month of August, 2020, representing an equivalent of 2,538MW of power. This represents an increase of 2.80 per cent from the month of July. in its August 2020 Monthly Financial and Read More
The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported an explosion at a production facility in Oil Mining Lease 40 involving its partners, Elcrest Exploration and Production Nigeria Limited. A spokesperson for NNPC, Kennie Obateru, said on Tuesday that the explosion led to the damage of a marine storage vessel and led Read More
A group, under the auspices of Concerned Nigerians, has urged the Nigeria Police to unconditionally release the publisher ‘Power Steering’ magazine, Mr Oga Tom Uhia, who has been in police detention. The Concerned Nigerians also urged the police to alternatively charge the publisher to court if they cannot let him off the hook. Mr Uhia was arrested by the police Read More
The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for honouring his commitment to promote and deepen the culture of transparency and accountability in the Corporation. In a letter addressed to Mr. Kyari, the Read More
The Nigerian National Petroleum Corporation (NNPC) 2019 audited financial statement has revealed that the Corporation reduced its loss profile from N803 billion in 2018 to N1.7 billion in 2019. The figures in the audited report released Thursday morning in Abuja represents a 99.7 per cent reduction from its 2018 report. The report is coming barely five months after the state Read More
In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and $510 million in the long run for the Federation, the Nigerian National Petroleum Corporation (NNPC) has reached an accord with its partners, China National Offshore Oil Company (CNOOC) Read More
The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation, in a release by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained that details of the report contained in the May 2020 NNPC Read More
The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country in order to avoid a dislocation in the supply and distribution chain of petroleum products across the country. The corporation made the submission Wednesday at a hearing by the Read More
The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said. A press release by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie Obateru, stated that Mr. Ewubare Read More
The Nigerian National Petroleum Corporation (NNPC) has announced the demise of its former Group Managing Director (GMD), Dr. Maikanti Kacalla Baru. Dr. Baru, a consummate Mechanical Engineer, died after a brief illness, NNPC Group General Manager, Group Public Affairs, Dr. Kennie Obateru revealed in a release Saturday morning. The release said NNPC Group Managing Director, Mallam Mele Kyari, expressed shock Read More
The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities. With the new price regime, it’s expected that pump price will be reviewed downward. A release Wednesday, in Abuja by Group General Manager, Group Public Affairs Division NNPC, Dr. Kennie Read More
Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released on Monday in Abuja has stated. The statement by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the Read More
As more Nigerians continue in search of more oppurtunites to work, the Nigerian National Petroleum Corporation (NNPC) has ended their recent recruitment exercise. This is even as it announced the recruitment of 1,050 graduate trainees. According to the corporation’s Acting Group General Manager, Group Public Affairs, Mr. Samson Makoji, the Human Resources Division of the NNPC had since commenced the Read More
The Nigerian National Petroleum Corporation has announced a trading surplus of ₦9.85billion for the month of September 2018, a figure higher than the previous month’s deficit of ₦3.90 billion. The corporation said in its September 2018 Monthly Financial and Operations Report released yesterday in Abuja, that the improved performance of ₦13.75 billion increase, relative to that of August 2018, was Read More
Facts emerged on Thursday that Nigeria is currently owing International Oil Companies $5.1 billion in the Joint Venture Cash Call business arrangement. Also, the Nigerian National Petroleum Corporation (NNPC) denied any form of mismanagement or stealing from the $3.2billion allegedly withdrawn from the Nigeria Liquefied Natural Gas (NLNG) account from 2015 till date. The $5.1billion debt incurred by Nigeria in Read More
The Senate has urged the federal government to, as a matter of utmost urgency, direct all concerned agencies to immediately pay arrears of fuel subsidy owed oil marketers, which now stands at N1trillion from the initial N429billion. It also urged the federal government to engage marketers immediately and agree on all outstanding liabilities to put an end to all subsidy claims. The Read More
Contrary to assurance of 2019, Minster of state, Petroleum, Ibe Kachikwu has revealed that plans by Nigerian government to fix Nigeria’s moribund refineries and make them work in utmost capacity will not materialise until 2020. The Petroleum Minister had said that Nigeria’s refinery capacity will reach expected 1.1 million barrels per day in 2020. Kachikwu `who spoke in Lagos on Read More
The All Progressives Congress (APC) yesterday challenged the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, to come clean “on the nagging issue of his travel ban to the United States of America” following his alleged indictment for corruption in that country. The ruling party also alleged that the Dubai meeting attended by Atiku and other PDP leaders Read More
The death toll from last Friday Osisioma fuel pipeline explosion has risen to 200, even as protesting youths from the host communities of Nigerian National Petroleum Corporation, NNPC, depot, yesterday, shut operation at the facility over the incident. The youths, numbering 2,000, who barricaded the gate of the depot with a coffin containing the corpse of one of the victims, Read More
The Nigerian National Petroleum Corporation (NNPC) has put its total crude oil and gas export sales at $416.07 million in June, 2018 representing a 35.78 per cent increase over the month of May. The NNPC June 2018 Financial and Operations Reports for the month of June released on Wednesday showed that crude oil export sales contributed $274.95 million which translates Read More
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