Deputy National Publicity Secretary, All Progressives Congress (APC), Yekini Nabena has slammed the Presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar saying that his quest to get the government of the United States to “Vacate Entry Ban” does nothing to enhance...
he Federal Government and petroleum marketers have agreed on the settlement of outstanding claims and assured that operations at all depots and sales will continue until further notice. This was disclosed by Mr. Paul Abechi, Special Assistant on.....
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The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja defended it decision to award the contract for the protection of the 87-kilometre Trans Forcados Pipeline (TFP) to an indigenous firm, Ocean Marine Solutions (OMS).
Recently, some Niger Delta youths …
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Nigeria’s lost a total $467 million in July due to shut-in of production from leaking pipelines carrying crude oil from wells to flow stations in the Niger Delta, where more than 90 percent of the country’s crude are explored.
The loss comes from 6.29 million …
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The Atiku-Agbaje Media Engagement Network (AAMEN) has appealed to the presidential candidate of the Peoples Democratic Party (PDP), former Vice President Atiku Abubakar, to rescind his decision to sell 90 percent government stake in the Nigerian National Petroleum Corporation (NNPC) once elected...
Tension has started building up in Delta State due to the decision of the Nigerian National Petroleum Corporation (NNPC) to award oil infrastructure surveillance contract to Ocean Marine Solution Limited contrary to extant rules. Multiple sources told THISDAY at the weekend that the NNPC...
The Nigerian National Petroleum Corporation (NNPC) has proffered new ways to attract more funds for operators to launch themselves into a new phase of oil find, saying it believes that the country can achieve its target of raising reserves to 40 billion barrels in 2020.
Speaking during...
Bismarck Rewane, the chief executive of Financial Derivative, has spoken about Atiku Abubakar’s policy document ahead of 2019 presidential election. Abubakar, presidential candidate of PDP, was said to have noted that he was seeking partial privatisation …
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Nigeria imported over 15.21 million liters of petrol Within the first three quarters of …
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The lawmaker representing Kaduna Central district at the National Assembly has described the promise to sell off part of the Nigerian National Petroleum Corporation, NNPC, as …
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The Senate Committee on Gas Resources, yesterday, uncovered fresh multiple illegal withdrawals from the dividend accounts of the Nigeria Liquefied Natural Gas (NLNG) by the Nigeria National Petroleum Corporation (NNPC).
The fresh illegal withdrawals was about $1 billion, is however...
The August 2018 edition of the monthly financial and operations report of the Nigerian National Petroleum Corporation (NNPC) released Thursday indicated that after about six months of recording back-to-back profit on its operations, the corporation slid back to loss-making with about N3.90...
The Nigerian National Petroleum Corporation (NNPC) has said that it remitted N118.4 billion to the Federation Account in August after it recorded crude oil and gas export sale of $470million in the month.
The crude oil and gas sale, the corporation said in its Monthly Financial Report released...
Two oil giants that had previously exited Nigeria’s downstream sector, Shell and ExxonMobil, could sign crude-for-product deals with Africa’s largest oil producer, a senior NNPC official said.
“Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria a couple of years ago...
The Senate has begun yet another process of carrying out a holistic investigation of the $1.05 billion that was allegedly taken from the Nigeria Liquefied …
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The Senate has mandated its committee on gas to investigate how the Nigerian National …
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The Nigerian National Petroleum Corporation (NNPC) has stated that it could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP recently. This is coming as the news …
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There is a tale that N91 trillion oil revenue is missing due to a backhand deal between the NNPC and a Chinese oil lifting firm, Huang Bo Hai Petrochemical Industry Limited since June 2016.
This fable was weaved into a motion by a member of Nigeria’s House …
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The Nigerian National Petroleum Corporation (NNPC) has disclosed the source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing …
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The Federal Ministry of Finance has denied knowledge of a 3.5 billion-dollar fund allegedly kept and utilised by the Nigeria National Petroleum Corporation (NNPC) for fuel subsidy.
The Permanent Secretary, Mr Mahmoud Isa-Dutse, gave the ministry’s position when he appeared before the …
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