NNPC saves $2bn, N40bn from upstream contracts, DSDP
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it saved $2 billion over the last one year from discounts secured from the renegotiation of upstream contracts executed by its various service providers.
Ifeanyi Ubah: NNPC challenges court’s jurisdiction to hear suit
The Nigerian National Petroleum Corporation, NNPC, yesterday, challenged the jurisdiction of a Federal High Court sitting in Lagos, to hear the fundamental rights suit by oil magnet and businessman, Dr. Ifeanyi Ubah, who is contesting his arrest and continued detention by the Department of State Service, DSS.
Senate gives NNPC, CBN, others 2 wks to submit budgets
ABUJA— THE Senate has given Acting President Yemi Osinbajo a two-week ultimatum to direct all government agencies that have failed to submit their 2017 budget proposals to the National Assembly in line with extant laws for consideration and approval, to do so or the affected agencies would be made to face the full wrath of the law.
Senate directs NNPC, others to stop further capital expenditure
The Senate has directed the Nigerian National Petroleum Corporation (NNPC) and other revenue generating agencies to stop further capital expenditure until they comply with the Fiscal Responsibility Act.
NNPC spends N1.6bn on repairs of Kaduna-Kano pipeline
The Nigerian National Petroleum Corporation (NNPC) said it had spent over N1.6 billion on the repairs of the vandalised pipeline between Kaduna and Kano in 2016.
NNPC to resume oil search in Lake Chad
The Nigerian National Petroleum Corporation (NNPC) says it will resume oil prospecting in the Lake Chad Basin of Borno state.
