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.
NNPC, Finance Ministry, W-Bank to determine Nigeria’s actual fuel consumption
Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that it had been mandated by National Executive Council, NEC, to work with the Ministry of Finance to determine the actual daily consumption of Premium Motor Spirit, PMS, also known as petrol, in the country.
JV cash calls: IOCs commends NNPC
The International Oil Companies (IOCs) operating in Nigeria’s oil industry have commrended the Nigerian National Petroleum Corporation (NNPC) on the payment of all thejoint Venture (JV) cash calls arrears.
NNPC targets 1bn crude oil reserves yearly – Baru
Dr Maikanti Baru, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC) said the corporation would increase the country’s crude oil reserves by one billion barrels yearly to attain 40 billion barrel by 2020.
Govs using FAAC stand-off as excuse not to pay salaries— NNPC
ABUJA—Nigerian National Petroleum Corporation, NNPC, yesterday, accused state governors of using the stand-off emanating from the Federation Accounts Allocation Committee, FAAC, meeting as an excuse not to pay salaries to workers.
NNPC to meet Vice President over FAAC standoff
The Nigerian National Petroleum Corporation, NNPC, yesterday night, disclosed that it would be meeting with Vice President Yemi Osinbajo, to address the issue of remittances to the Federation Account that caused the suspension of the Federation Account Allocation Committee, FAAC, meeting.
