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Metro Niger Delta Agitators Step Down Quit Notice to Northerners, Yorubas
Niger Delta agitators on Thursday formally withdrew the quit notice recently handed down to northerners and Yorubas from the south west resident in the coastal region. Rising from a meeting Wednesday night, the agitators also declared their support to the Pan Niger Delta Forum (PANDEF) whose...- ProfRem
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Business Indonesia Set to Build 10,000bpd Refinery in Nigeria
An Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest to build a refinery in Nigeria. This is part of the efforts of President Muhammadu Buhari-led federal government to boost local refining capacity in the country. According to...- ProfRem
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Business NNPC Hopeful Oil Production Will Hit 2.2m Barrels Benchmark By June
The Nigerian National Petroleum Corporation (NNPC) said it hopes to ramp up crude oil production above the country’s budget benchmark of 2.2 million barrels per day (b/d) by the end of the second quarter of 2017 due to the restoration of critical export pipelines and the peace so far achieved in...- ProfRem
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Business Nigeria: We Have Enough Fuel to Last for 36 Days- NNPC GMD Maikanti Baru
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Maikanti Baru has stated that the firm has a 36-day sufficiency of petrol. According to statement by NNPC’s spokesman, Ndu Ughamadu, Baru said that the corporation would continue to live up to its responsibility...- LequteMan
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Business NNPC Set To Explore Crude Oil In Gulf of Guinea
The Nigerian National Petroleum Corporation is set to explore for crude oil in the Gulf of Guinea in a bid to increase the country’s reserves. The Group Managing Director of the national oil firm, Dr. Maikanti Baru, said on Thursday that the corporation will also search for crude in other...- ProfRem
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- nigeria news nigeria's oil nigerian national petroleum corporation nigerianbulletin nnpc to explore oil in gulf of guinea
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Business Nigeria's Crude Oil: 224 Firms Submit Bids to Lift Oil In 2017
Not fewer than 224 firms have submitted bids seeking to be awarded contract to purchase and lift Nigerian crude oil grades for the 2016/2017 season. Th e Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, at the former public bids openng on Thursday in...- ProfRem
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Business NNPC Reshuffles, Appoints Ndu Ughamadu As New Spokesman
The Nigerian National Petroleum Corporation (NNPC) has carried out a major appointment and redeployment of about 109 of its staff to various positions in a decision reportedly aimed at increasing its productivity. In a podcast to members of Staff on Monday, the Group Managing Director of the...- ProfRem
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Business NNPC GMD Baru Under Fire for Bypassing Kachikwu to Make Fresh Appointments
Group Managing Director of the NNPC, Maikanti Baru is receiving some heat for making some fresh appointments in top positions of Nigeria's state oil firm. According to The Sun, oil and gas stakeholders are faulting last weekend’s appointment and redeployments, among which is the appointment...- LequteMan
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Business How Nigeria Lost N2tr to Renewed Niger Delta Militancy - NNPC GMD Baru
Nigeria has lost about $7b (approximately N2.1tr) revenue due to oil theft and the renewed militancy in the Niger Delta area, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikangi Baru has stated. “Over 7000kpd of crude oil has been lost due to vandalism this...- LequteMan
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Business Nigeria: Oil Marketers Increase Price of Kerosene By 52%
Oil marketers across the country have refused to abide by the N150 per litre price for household kerosene as approved by the Nigerian National Petroleum Corporation. The NNPC had on several occasions stated that marketers should dispense kerosene at N150 per litre to their various customers but...- ProfRem
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Business Nigeria’s Oil, Gas Reserves Running Out – NNPC Alerts
The Nigerian National Petroleum Corporation, NNPC has painted a gloomy outlook for Nigeria’s economic fortunes, saying the country’s crude oil and gas reserves were fast depleting. The NNPC in a statement in Abuja, yesterday, and therefore, begged oil and gas exploration companies...- ProfRem
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Business NNPC GMD Reports Status of Oil Exploration in Northern Nigeria
The Group Managing Director of the NNPC, Dr. Maikanti Baru, has announced that the corporation is making progress in its oil exploration activities in the Chad basin and Benue trough as to shore up the reserve base of Nigeria. In a statement released on Monday, Baru said “some of our earlier...- LequteMan
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Business NNPC Directs Stations to Sell Kerosene at Official Price
The official pump price of kerosene is now N150 per litre, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said. The NNPC boss, who stated this during a courtesy visit to the Ogun State Governor Ibikunle Amosun in Abeokuta, recently...- ProfRem
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Business Nigeria: NNPC GMD Instructs Stations to Sell Kerosene at N150/Litre
The Nigeria National Petroleum Corporation, NNPC, has instructed stations to start selling kerosene at N150 per litre. NNPC GMD, Maikanti Baru on Friday, said all NNPC Retail and Mega Stations have been supplied with kerosene and selling at N150 per litre. “I am calling on other marketers to...- LequteMan
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Business NNPC Lost 560,000 Barrels of Crude in 5 Months
The Nigerian National Petroleum Corporation (NNPC) said it lost 560,000 barrels of crude oil between January and May this year. At an average crude oil price of $38 per barrel and a budgeted exchange rate of N197/$, according numbers obtained from the NNPC, the Nigerian treasury was denied N4.1...- ProfRem
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Business Oil Exploration: 6 Areas Where Nigeria Is Searching For Oil [See LIST]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the National Association of Petroleum Explorationists (NAPE) to explore the hydrocarbon potentials of green frontier basinsin six areas in order to increase the depleting reserves in...- ProfRem
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Business NNPC GMD Denies Plans to Increase Pump Price of Petrol
Dr. Maikanti Baru, the Goup Managing Director of the Nigeria National Petroleum Corporation, NNPC, has denied claims that the corporation has plans to increase the pump price of petrol above the stipulated N145/litre. Oil marketers on Tuesday had complained about dollar scarcity for fuel...- LequteMan
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Metro How Aviation Fuel Scarcity Is Hindering Our Boko Haram Fight – Defence Chief
The Chief of Defence Staff (CDS), Gen. Gabriel Olonisakin, has lamented that lack of aviation fuel is negatively affecting ongoing counter-terrorism and counter-insurgency operations against the Boko Haram terrorists in the North-East. Gen. Olonisakin therefore seek the intervention of Nigerian...- ProfRem
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Business Maikanti Baru Reveals 16-Point Agenda For NNPC
The newly appointed Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru on Friday revealed 16-point agenda for the corporation His pledge was unfolded shortly after taking over from his predecessor and Minister of State for Petroleum Resources, Ibe...- ProfRem
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- naija news nigeria news nnpc
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Business Ibe Kachikwu Formally Steps Down as NNPC GMD
Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, Friday, formally stepped down as the Group Managing Director, GMD of the Nigerian National Petroleum Corporation, NNPC, with the handing over to the new helmsman, Mr. Maikanti Baru. Speaking during the handover in Abuja, Kachikwu...- ProfRem
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- ibe kachikwu naija news nigeria nnpc nnpc news
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