N2.15trn worth of petrol consumed in 13 months – NNPC
By Obas Esiedesa The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November, 2020. The corporation in a statement on Sunday said in the month of November, 2020 it recorded a trading surplus of N13.43 billion up by 54 percent when compared to the […]
[VIDEO] NNPC begins rehabilitation of broken Lagos gas pipeline
*Says no cause for alarm By Udeme Akpan The Nigerian National Petroleum Corporation (NNPC) has commenced the rehabilitation of the broken gas pipeline along Lagos-Ibadan Expressway. In a statement obtained by Vanguard, the NNPC spokesperson, Dr Kennie Obateru, urged members of the public to go about their duties normally as all safety measures have been […]
$120m petroleum shipment fees: Senate asks NNPC patronize indigenous firms
By Levinus Nwabughiogu – Abuja Senate on Tuesday directed the Nigerian National Petroleum Corporation (NNPC) to prioritize enlarging the capacities of Indigenous shipping firms and also patronize them to save Nigeria of the $120 million annual loss to foreign companies in the shipment of petroleum products. This was a decision reached by the Senate Committee […]
$21bn NLNG funds not illegally withdrawn — NNPC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 […]
Nigeria most expensive for upstream projects – NNPC GMD
…NNPC to reduce cost by 5% By Prince Okafor THE Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate early on in the processes of crude oil […]
NNPC begs Labour for one week grace to consult on reversal of fuel price
*As Labour, FG adjourn meeting to December 7 *NLC NAC meets at Labour House By Johnbosco Agbakwuru The Nigeria National Petroleum Corporation, NNPC, on Thursday night, requested that the organized labour should give it one week to consult on the reversal of the increase in pump price of petrol. This is as the National Administrative […]
