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NNPC moves to cut revenue loss to systemic fraud

NNPC moves to cut revenue loss to systemic fraud

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it plans to drastically reduce the impact of fraud on its revenue base by training 50 per cent of its workforce on the rudiments of fraud detection and examination.

NNPC failed to remit N3.88trn to FG by 2015 – Audit Report

NNPC failed to remit N3.88trn to FG by 2015 – Audit Report

Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation, NNPC, stood at about N3.878 trillion as at December 31, 2015, a report by the technical sub-committee of the Federation Accounts Allocation Committee, FAAC, has revealed.

Appointments in NNPC: Ohanaeze, Afenifere, PANDEF, senators, others kick

Appointments in NNPC: Ohanaeze, Afenifere, PANDEF, senators, others kick

Allegations of ethnic and religious bias in appointments into top management positions in the nation’s cash cow, Nigerian National Petroleum Corporation, NNPC, yesterday, drew the ire of Ohanaeze Ndigbo, Yoruba socio-political group, Afenifere, the Pan-Niger Delta Forum, PANDEF, and other opinion moulders in the South, who described it as a threat to national unity.

Major shake-up in NNPC, 55 top officials redeployed

Major shake-up in NNPC, 55 top officials redeployed

The Nigerian National Petroleum Corporation, NNPC, yesterday, announced major restructuring in its operations with the appointment and redeployment of 55 key executives in its refineries and services subsidiaries.

Crude oil allocation follows strict process,  NNPC warns Nigerians

Crude oil allocation follows strict process, NNPC warns Nigerians

The Nigerian National Petroleum Corporation, NNPC, Sunday, disclosed that its crude oil allocation programme follows strict procedures, processes and standards, while it warned unsuspecting members of the public against the activities of scammers.

NNPC saves $3bn, cut oil production cost to $23/barrel

NNPC saves $3bn, cut oil production cost to $23/barrel

The Nigerian National Petroleum Corporation, NNPC, Wednesday, said it has saved the country over $3 billion annually, since August 2015 and had been able to drag down the cost of crude oil production from $78 per barrel as at August 2015 to $23 per barrel, representing a 70.5 per cent reduction.