NNPC seeks clarification on proposed Petroleum Asset Management Company
The Nigerian National Petroleum Corporation (NNPC) on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company (NPAMC) in the Petroleum Industry Governance Bill (PIGB).
18 students emerge winners of NNPC quiz competition
Eighteen students have emerged winners in the just-concluded zonal contests of the Nigerian National Petroleum Corporation (NNPC) National Science Quiz Competition held in the six geo-political zones of the country.
NNPC to generate 14MW electricity from Cross River bio-diesel project
THE Nigerian National Petroleum Corporation, NNPC, yesterday, said the 26,000 hectares Cross River State oil palm-based bio-diesel project would generate 14 megawatts of electricity.
$1bn Pipeline Contract Probe: NNPC, Total absence stalls session
The Senate Committee on Gas on Friday, said deployed major stakeholders’ absence at its investigative sitting on the alleged one billion-dollar pipeline contract, saying it was a setback to the committee.
Amidst NNPC’s recalcitrance
IN some oil-producing nations, we have seen some equipment that enable the authorities sit at Headquarters and monitor the movement of the least drop of oil from the wells to the Point of Sale, POS. That’s the first step.
Oando Plc, NAOC, Shell, others partner with NNPC to harness Nigeria’s gas reserves
Oando PLC, Nigeria Agip Oil Company, NAOC, Shell Petroleum Development Company, SPDC, other indigenous and international oil companies in partnership with the Nigerian National Petroleum Corporation, NNPC, has signed an agreement to implement Gas Projects worth $3.7 billion.
NNPC boss commends NLNG N1.98 trn shareholders loan repayment
The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (N1.98 trillion) loan on Train 1 to 6 investments.
FAAC: NNPC deducts N139bn for subsidy in 3 months
ABUJA—Nigerian National Petroleum Corporation, NNPC, deducted N139.333 billion as subsidy for Premium Motor Spirit, PMS, also known as petrol, from its domestic crude oil and gas sales proceeds between January and March 2018, cutting down on its remittances to the Federation Account.
Breaking: Reps to probe NNPC’s finances from January till date
House of Representatives has resolved to probe the financial records of the Nigerian National Petroleum Corporation, NNPC from January, 2018 to date to ascertain the volume of sales of crude oil.
NNPC/Sahara Group imports 7,000MT LPG to boost supply
MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited, WAGL, has delivered 7,000 metric tons of Liquefied Natural Gas, thus increasing domestic supply in the nation.
NNPC, FAAC and the rest of us
The present stand-off where a FAAC meeting had to be suspended indefinitely has the potential of addressing the fiscal irresponsibility that has been bedeviling Nigeria’s public finance for too long, at least to some extent. We hope this opportunity should not be missed to reconnect fully with the principles of the Fiscal Responsibility Act which has been eroded.
