Breaking: FG bows, shelves planned fuel subsidy removal

January 24, 2022 Taiye Odewale, Abuja 0

The federal government Monday halted its proposed plan of subsidy removal from pump price of Premium Motor Spirit (PMS), popularly known as fuel in July 2022. Postponement of the plan as declared by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed and President of the Senate, Ahmad Lawan, at an emergency stakeholders’ meeting held at the National Read More

IPMAN president Ahmed decries delay in claims payment

January 21, 2022 Blueprint 0

The new national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Debo Ahmed, has appealed to the management of the Nigerian National Petroleum Company (NNPC) Limited to ensure the payment of outstanding bridging claims owed the Association’s members. He made the appeal during the inauguration of the new national leadership of the association in Abuja. Ahmed succeeded Read More

NNPC barters N1.64trn oil for refined products in 8 months

Nigeria’s crude oil valued at N1.64tn was exchanged for refined Premium Motor Spirit, popularly called petrol, under the Direct Sale Direct Purchase arrangement from January to August 2021, for eight months. The latest data from the Nigerian National Petroleum Company Limited on DSDP cargoes that were swapped for refined petrol show that a total 63.46 million barrels of crude oil Read More

P&ID scam: Grace Taiga received $4,969, $5,000 through daughter’s account – Witness

January 11, 2022 Chizoba Ogbeche 0

The trial of a former Director, Legal Services of the Ministry of Petroleum Resources, Mrs. Grace Taiga, over alleged fraud in the case involving Process and Industrial Development Limited (P&ID) before Justice O.A Adeniyi of the Federal Capital Territory High Court Abuja continued Monday with the EFCC presenting its fourth prosecution witness. EFCC Head, Media and Publicity, Wilson Uwujaren, in Read More

Buhari places crucial demands before new NNPC board

January 7, 2022 Abdullahi M. Gulloma 0

President Muhammadu Buhari Friday in Abuja urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, and transparency. Inaugurating the board chaired by Senator Margery Chuba Okadigbo, the President charged them to focus on profitability and operate Read More

Buhari to new NNPC board: I want transparency, accountability

January 7, 2022 Abdullahi M. Gulloma 0

President Muhammadu Buhari Friday in Abuja urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with corporate governance principles that place a premium on doing business with the highest ethical standards, integrity, and transparency. Inaugurating the board chaired by Senator Margery Chuba Okadigbo, the President charged them to focus on profitability and Read More

NNPC board: Okadigbo’s widow replaces Araraume as chair, Kyari still GMD

January 6, 2022 Abdullahi M. Gulloma 0

President Muhammadu Buhari has appointed widow of former President of the Senate, Margaret Chuba Okadigbo as Chairman of the Board and Management of the Nigerian National Petroleum Company Limited. Senator Okadigbo representing South-east, replaces Senator Ifeanyi Araraume. The appointment is in accordance with the power vested in the president under Section 59(2) of the Petroleum Industry Act 2021. The Group Read More

Breaking: Buhari removes Ararume as NNPC board chairman, announces replacement

January 5, 2022 Editor 0

Senator Ifeanyi Ararume has been dropped as the chairman of the Nigerian National Petroleum Company (NNPC) Limited. This was disclosed in a statement by Femi Adesina, special adviser to President Muhammadu Buhari on media and publicity on Wednesday. According to the statement, the President replaced Senator Ararume with Senator Margret Okadigbo, wife of a former President of the Senate and Read More

We are not conducting survey, recruiting, NNPC alerts Nigerians

December 21, 2021 Blueprint 0

The Nigerian National Petroleum Company Limited (NNPC), has described as fake information making the round in the social media that it is not conducting any online survey. A statement by Group General Manager, Group Public Affairs Division, of the Company, Garba Deen Muhammed, urged the the public to disregard the report as it was not engaged in any form of Read More

NNPC presents N621bn cheque to FG for construction of 21 road projects

December 21, 2021 Blueprint 0

The Nigerian National Petroleum Company Limited on Tuesday presented a symbolic cheque of N621bb to the ministry of works and housing for the construction of 21 selected roads across the country. Recall, the Corporation in October had expressed interest to invest in the reconstruction of selected federal roads in order to sustain a smooth supply and distribution of petroleum products Read More

Ensure zero tolerance dealings on NNPC right of ways – Oyo NSCDC boss

December 10, 2021 Blueprint 0

Oyo state Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) Michael Akintayo Adaralewa Thursday ordered zero tolerance for vandalism and illegally dealings in all NNPC pipelines. Commandant Adaralewa stated this while addressing officers and men of Anti Vandal team of the Oyo state NSCDC on effective monitoring of NNPC pipelines held at its headquarters, Agodi in Ibadan. He Read More

NNPC, IPPG plot new course for oil & gas sector as ICC exit

December 1, 2021 Blueprint 0

The Nigeria National Petroleum Company (NNPC) limited and the Independent Petroleum Producers Group (IPPG) are seeking Collaboration in order to reposition the nation’s oil and gas industry as the International Oil Companies ( IOCs) exit their onshore assets. The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited Mallam Mele Kolo Kyari said that there is the need Read More

NNPC spends N109bn on refineries rehabilitation, pipelines in 9 months

November 30, 2021 Blueprint 0

The Nigerian National Petroleum Corporation (NNPC) has disclosed that from January to September a total of N109.85 billion was spent on refineries rehabilitation and pipelines in the first nine months of 2021. NNPC gave the figures in its latest operations report for October obtained by Ripples Nigeria on Monday. Over the years, there have been public outcry concerning the expenditure Read More

Petrol subsidy ends 2022, FG absolves self from gas price hike

…Poor Nigerians to get N5, 000 monthly allowances – Minister     Group Managing Director Nigerian National Petroleum Corporation (NNPC) Mele Kyari has said the regime of fuel subsidy would become an illegality by the year 2022 when it would come to an end. Specifically, Kyari said by the end of February 2022, the law provides that Nigeria should be out Read More

N621bn projects: Niger delta youths vow to occupy NNPC, NASS if…

November 22, 2021 Editor 0

Niger Delta Youth Council (NDYC) has said it is mobilising its members to occupy the National Assembly complex and the Nigerian National Petroleum Corporation (NNPC) headquarters in Abuja withing the next 48 hours until the decision of the federal government to exclude the region in the federal government’s plan to reconstruct more roads in the region is rescinded. The NNPC Read More

Afreximbank signs $1.04bn deal with NNPC

November 18, 2021 David Agba 0

African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement was concluded yesterday in Durban during the second intra-Africa trade fair, which opened on 15 November and runs until 21 November. The transaction comprises a Pre-Export/Shipment Finance Facility underpinned by a Forward Sale Agreement (FSA) Read More

Sani-Bello commends FG, NNPC for intervention on Niger roads

November 4, 2021 Aideloje Ojo 0

Governor Abubakar Sani Bello of Niger state has commended the federal government and the Nigeria National Petroleum Corporation (NNPC) on the award of contract for the reconstruction of some federal roads in the state. The governor gave the commendation while speaking to journalists at the Government House Minna. He said the intervention in the reconstruction of some critical federal roads Read More

NNPC GMD at Editors’ conference: We ‘ve mobilised contractors for Port Harcourt refinery

The Nigerian Guild of Editors (NGE) Thursday called on the federal government to adopt necessary measures in tackling the insecurity bedevilling the country. The editors bared their minds at a two-day conference  in Abuja, with the theme “Media in Times of Crises: Resolving Conflict, Achieving Consensus.” And at the event, Group Managing Director Nigeria National Petroleum Company (NNPC) Mele Kyari announced that Read More

Buhari backing reforms in oil sector with actions – APC group

October 19, 2021 Bode Olagoke 0

A voluntary think-tank group of the All Progressives Congress, known as APC Legacy Awareness and Campaign (APC-LAC) has said that President Muhammadu Buhari-led administration is backing long overdue efficiency and transparency to the management of Nigeria’s oil and gas resources with action. The group added that the President will not slow down or relent in his efforts to transform the Read More

Crude oil: Nigeria struggles to produce enough to sell

October 5, 2021 Blueprint 0

For the first time in three years, oil prices jumped to above $80 on Monday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies announced that it would maintain its steady output increase by 400,000 barrels per day in November. Data from Bloomberg shows, that the price of the Brent rose by 2.5 percent or $2.00 to sell Read More

PPPRA supplies 1.74bn litres of PMS nationwide in August

October 5, 2021 Benjamin Umuteme 0

The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in the showed that about 1,735,624,740 litres of Premium Motor Spirit (PMS) was distributed nationwide in August. This brings the average daily supply of PMS in the month under review to about 55.99 million litres. According to a statement signed by the General Manager, Corporate Services, Kimchi Apollo, Read More

New PPMC MD Isiaku Abdullahi a game changer – NPN

October 1, 2021 Paul Okah 0

The Northern Professional Network (NPN) has described the newly appointed Managing Director of Petroleum Pipeline Marketing Company (PPMC), Isiaku Abdullahi, as a go-getter, who possesses immense attributes required to sustain and expand the ongoing reforms in the NNPC Ltd. In a statement signed the Public Relations Officer of NPN, Mustapha Sale, the Chairman of the Network, Hamid Ardo, made the Read More

Agenda for NNPC Limited

September 27, 2021 Blueprint 0

The directive last week by President Muhammadu Buhari for the incorporation of the Nigerian National Petroleum Company Limited is not only timely but also a commendable move to give effect for the immediate operation of the Petroleum Industry Act, PIA, which was passed in July this year by the National Assembly and signed shortly after by Mr President after some Read More

Ailing economy: Nigerians bemused over NNPC’s audit declaration

September 24, 2021 BENJAMIN UMUTEME  0

…We’ve changed the way we do business – GMD …It’ll boost investors’ confidence – SAN …Corporation’s books manipulated – Obiaraeri  ‘…NNPC still a loss-making entity’ ‘…The agency showed positive results due to cash infusion’ Many Nigerians could not believe their ears when they heard that the Nigerian National Petroleum Corporation (NNPC) recorded profit in 2020, as they are yet to come Read More