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The Nigerian National Petroleum Corporation (NNPC) on Tuesday blamed security challenges for the non-commencement of oil exploration in the Chad Basin. The General Manager, Frontier Exploration Services of NNPC, Dr. Mazadu Bako, stated this at the 50th anniversary celebration of Geology...

The Nigerian National Petroleum Corporation (NNPC) on Monday revealed that the Nigerian Federation was owing the corporation a total amount of N170.6 billion outstanding subsidy payments due from January 2006 to December, 2015. Maikanti Baru, Group Managing Director of the Corporation disclosed...

Chineme Okafor in Abuja An analysis of the financials of the Nigerian National Petroleum Corporation has revealed that four strategic business units (SBUs) and the corporate headquarters of the corporation collectively recorded a trading shortfall totaling N270.386 billion between January and...

The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over an issue affecting its operations – The activities of some cross-border fuel smuggling syndicates and hoarders is said to be impeding efforts by the NNPC to effectively supply fuel … via Nigeria News today &...

The Nigeria Governors’ Forum yesterday accused the Nigerian National Petroleum Corporation (NNPC) of not remitting to the Federation Account the Joint Venture Cash Call for about five years. Briefing State House correspondents after a closed-door meeting with President Buhari at the presidential...

Henry Umahi The former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has thrown some light on the process for the release of funds requested by security/intelligent agencies in the country. Reacting to publications in traditional and new media titled “Diezani in trouble again...

The Senate on Thursday urged the Nigerian National Petroleum Corporation (NNPC) to, within seven days, end lingering scarcity of petrol and clear queues in filling stations across the country. This followed a unanimous adoption of report of the Committee on Petroleum Resources (Downstream) on...

The Senate has accused the Nigerian National Petroleum Corporation (NNPC) of operating an illegal bank account worth about $137 million. Speaking through a Point of Order at Tuesday plenary, Chairman Senate Committee on Federal Capital Territory, Dino Melaye (APC Kogi West), alleged that the...

The Nigerian National Petroleum Corporation (NNPC) said it is inching closer to arriving at the choice of financiers for the Port Harcourt Refining Company Limited (PHRC), Warri Refining and Petrochemical Company Limited (WRPC) and the Kaduna Refining and Petrochemical Company Limited. The...

Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country. Maikanti Baru, Group Managing Director NNPC, who disclosed this Monday in Abuja while inaugurating the board of one of its downstream Companies, NNPC Retail limited, said the addition to the corporation’s...

The Nigerian National Petroleum Corporation (NNPC) is intensifying search for oil in the Sokoto and other basins stressing that it is eyeing massive investments in the nation’s Oil and Gas Industry with a view to improving the nation’s revenue and creating jobs for the citizenry. … via...

The Nigeria National Petroleum Corporation, NNPC, has given reasons for paying ‘subsidy’ on petrol without appropriation from the National Assembly. The Managing Director of the Petroleum Products Marketing Company, PPMC, Umar Ajiya, said the NNPC Act is a law on its own which the corporation...

The managing director of the Petroleum Products Marketing Company Umar Ajiya has attributed the recent fuel queues to poor transportation system in Nigeria – Ajiya said there is a difference between the landing cost and the price that fuel is … via Nigeria News today & Breaking news ▷ Read...

The House of Representatives has passed a resolution to set up an ad-hoc committee to among other things investigate the operation of Production Sharing Contract (PSC) between the Nigerian National Petroleum Corporation (NNPC) and the International Oil Companies (IOCs) to determine the reasons...

NNPC tower • Re-award $260m to Nigerian firm • Summon Buratai over disputed Delta land The House of Representatives yesterday urged the Nigerian National Petroleum Corporation (NNPC) to strengthen the National Petroleum Investment Management Services (NAPIMS). The lawmakers gave the advice at...

Lawmakers in the upper chamber on Wednesday took turns to condemn the report of the Senate committee on Petroleum (Downstream), for not including the issue of fuel subsidy. The senators alleged that the report was ‘doctored’ by the management of the Nigeria National Petroleum Commission. The...

THE Nigerian National Petroleum Corporation, NNPC, has spent N112.079 billion on fuel subsidy in the first 10 months of 2017, between January and October 2017, financial documents obtained from the corporation have revealed. Dr Maikati Baru,Group Managing Director of the NNPC Contrary to claims...

Oil marketers to get foreign exchange, import fuel DPR, customs, others to monitor distribution FG to settle N800bn subsidy debt By Udeme Akpan, Victor Ahiuma-Young & Demola Akinyemi LAGOS—To address the current scarcity of fuel across the country, stakeholders weekend, recommended among others...

The Minister of State For Petroleum Resources, Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC, has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price of N145 per litre. Kachikwu said the price was fixed in the...

Residents of Ogoni in Rivers State on Thursday staged a protest against the alleged abandonment of the clean-up of their communities by the Federal Government and oil companies operating in the region. The Ogoni residents took their protest to the headquarters of the Nigerian National Petroleum...