$21bn NLNG funds not illegally withdrawn — NNPC
By Tordue Salem, Abuja The withdrawal of over $21billion from the Nigeria Liquefied Natural Gas, NLNG dividends account by the Nigeria National Petroleum Corporation, NNPC, was not illegal, the Group Managing Director of the agency, Mr. Mele Kyari, declared yesterday. The GMD, who was represented at an investigated hearing of the Wole Oke-led Public Accounts […]
NNPC releases 2019 audited financials, declares N1.7bn loss
…N803bn loss recorded in 2018 By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Thursday, announced the release of its 2019 Audited Financial Statement, declaring a loss of N1.7 billion, representing a 99.7 per cent decline from a loss of N803 billion recorded in 2018. In a statement in Abuja, the NNPC further stated that […]
NNPC cuts loss by 99.7% – Report
The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 99.7 per cent reduction in its loss profile from ₦803billion in 2018 to ₦1.7billion in 2019. NNPC disclosed this in its 2019 Audited Financial Statement (AFS), released by Dr kennie Obateru, spokesman for the corporation, in Abuja, on Thursday. It will be recalled that […]
Deregulation will drive investment in refining — Kyari
By Michael Eboh Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, on Tuesday, stated that the deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. In a statement in Abuja, […]
NNPC to grow Nigeria’s gas utilisation
By Mike Eboh The Nigerian National Petroleum Corporation, NNPC, on Tuesday, said it is focusing on growing the nation’s domestic gas utilization for balanced economic growth. In a statement in Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, restated the NNPC’s commitment to the aggressive implementation of the Nigerian Gas Master Plan as […]
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 […]
Deregulation: NNPC paid itself N1.53trn as subsidy for petrol in 3 years
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, paid itself N1.53 trillion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in three years and six months, from January 2017 to June 2020, according to series of documents obtained, Monday, from the corporation. According to the documents, in 2017, 2018 and 2019, […]
Deregulation: NNPC paid itself N1.53trn petrol subsidy in 3 years
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, paid itself N1.53 trillion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in three years and six months, from January 2017 to June 2020, according to series of documents obtained from the corporation. According to the documents, in 2017, 2018 and 2019, the […]
NNPC boss hails labour for suspending planned strike
Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday. Kyari, in a tweet on his official Twitter handle on Monday praised the leadership of the unions for choosing the pursuit of common good. He said : […]
NNPC hails labour for suspending planned strike
Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday. Kyari, in a tweet on his official Twitter handle on Monday, praised the leadership of the unions for choosing the pursuit of the common good. Also read: […]
NNPC signs OML 143 gas deal with SEEPCO
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Saturday, said it has signed an agreement with Sterling Exploration and Energy Production Company, SEEPCO, for the development and commercialization of gas from Oil Mining Lease, OML, 143 that could help reduce gas flaring in the country. In a statement in Abuja, Group Managing Director of […]
