No plans to scrap NNPC in PIB ― FG
By Henry Umoru THE Federal Government Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from journalists in Abuja after an interactive meeting with the leadership of the National […]
NNPC, EITI: Promoting productivity with transparency
From inception, Nigerian National Petroleum Corporation, NNPC, aspired to be an oil and gas company of global repute. More than four decades after its establishment, the company has remained on the track of excellence as it regulates the oil and gas business in Africa’s largest economy.
NNPC obtains $1bn to fund upstream operations of NPDC
By Mike Eboh The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company, NPDC. In a statement in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru explained that the crude […]
Setting the records straight at NNPC
By Erasmus Ikhide LEGENDARY author Chinua Achebe once echoed the eternal phrase that “if you don’t like someone’s story, please write your own”. It doesn’t add up in climes like ours that every now and then we throw stones at maladministration and official graft, yet never make conscious efforts to effect a positive change when […]
BREAKING: Petrol price now N151.56 per litre ― PPMC
By Udeme Akpan THE price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC. In a statement obtained by Vanguard, D.O Abalaka of the PPMC, stated: “Please be informed that a new product price adjustment has been effected […]
N5.4bn not under-recovery but differentials, NNPC clarifies
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, said yesterday that the N5.35 billion it incurred from payment of marketers in June 2020 was not under-recovery but differentials in Petroleum Product Pricing Regulatory Agency, PPPRA verified stock. Under-recovery, also known as subsidy, occurs when the pump price of petrol is lower than the actual […]
Confusion as Subsidy resurfaces, NNPC pays N5.4bn as under recovery
By Michael Eboh Amidst confusion in the downstream petroleum industry, concerning its deregulation, subsidy on Premium Motor Spirit, PMS, also known as petrol, has once again resurfaced, as the Nigerian National Petroleum Corporation, NNPC, weekend, said it incurred N5.35 billion as under recovery in June 2020. Under-recovery, also known as subsidy, occurs when the pump […]
We remitted $18bn to NNPC since 2004, NLNG tells Senate
As Senate directs accountant general to investigate By Henry Umoru THE Senate was told Wednesday that the Nigerian Liquefied Natural Gas (NLNG) has so far remitted 18 billion dollars to the Nigerian National Petroleum Corporation (NNPC) from 2004 to date as dividends to the Federal Government. According to NLNG, it has also remitted nine billion […]
NNPC : How rescue team averted fuel explosion in Alimosho
By Olasunkanmi Akoni Men of the Lagos State Fire Service and other emergency responders in the early hours on Sunday, averted the possible outbreak of fire and loss of lives and properties after several hours of dampening effect of a burst pipeline supplying Premium Motor Spirit, PMS, belonging to Nigerian National Petroleum Corporation. NNPC, at […]
FG approves NNPC oil, gas logistics centre in A’Ibom — Sylva
Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Sylva gave the hints at a Gala night organised by the Akwa Ibom Government in honour of a delegation of Stakeholders in the […]
NNPC earns $378m from oil, gas export in one month
…Sells N134bn petroleum products locally By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Sunday, stated that it earned $378.42 million from crude oil and gas export in June 2020, rising by 184.18 per cent from $133.16 million recorded in the previous month. In a statement in Abuja, on the release of its June 2020 […]
FG approves NNPC oil, gas logistics centre in A’Ibom — Sylva
Chief Timipre Sylva, the Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Sylva gave the hints at a Gala night organised by the Akwa Ibom Government in honour of a delegation of Stakeholders in the […]
Firemen prevent inferno at site of vandalised NNPC’s pipeline in Lagos
Men of the Lagos State Fire Service and other emergency responders are currently battling to prevent possible outbreak of fire, following leakage from a vandalised Nigerian National Petroleum Corporation, NNPC, pipeline at Iyana-Odo on Atlas Cove-Mosimi System 2B Pipeline segment, in Egbe-Idimu Local Council Development Area, Alimosho council.
NNPC: NPDC largest producer of gas in Nigeria ― Kyari
BY Gabriel Enogholase- Benin Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing One billion standard cubic feet of gas per day (1bscfg/d) to the domestic market for power generation. Group Managing Director(GMD) of the NNPC, Mallam Mele Kyari made […]
NNPC now EITI supporting company- Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) , Malam Mele Kyari says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company.
NNPC rules out equity sale, reduces debts in JV with Shell, Chevron, others to $2bn
THE Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry.
