Monday , 27 March 2017

Tag Archives: nnpc

NNPC/MPN JV: 55 Years of Delivering Value to Akwa Ibom State

The NNPC/MPN Joint Venture in Akwa Ibom State The Nigeria National Petroleum Corporation/Mobil Producing Nigeria Joint Venture (NNPC/MPN JV) has operated in Akwa Ibom State for 55 years, having been granted its first Oil Prospecting License (OPL) in 1961.   Since then, the JV has consistently delivered significant economic value …

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House of Reps urge NNPC to regulate the pump price of Kerosene

The Nigerian National Petroleum Corporation (NNPC) and other relevant agencies have been urged by the House of Representatives to work on price regulation of the supply of kerosene nationwide in order to normalise its pump price.The House also mandated its Committee on Petroleum Resources (Downstream) to liaise with relevant agencies to …

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Senate accuses corrupt leaders of hiding money in caskets

THE Senate, yesterday (Wednesday), alerted the nation to the fact that corrupt politicians now hide stolen money in caskets and uncompleted buildings  in remote villages. The revelation came as the Upper Chamber of the National Assembly commenced probe of Nigerian National Petroleum Corporation, NNPC, over allegation of  fuel subsidy funds …

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NNPC faces Probe challenge by Senate for alleged unremitted N5.1trn

The Nigerian Senate is set to investigate the , NNPC, over allegation of fuel subsidy money not accounted for to the tune of N5.1 trillion collected between 2006 and 2015. This was raised yesterday (Monday), during plenary,as  Senator Dino Melaye, APC, Kogi, drew the attention of the Senate to what …

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Revealed: Petrol Subsidy Resurfaces As FG Continues To Bear The Brunt Of Payment

Petrol subsidy is back. The Nigerian National Petroleum Corporation has been offsetting for months the difference between the landing costs of petrol and the pump price. In series of interviews with knowledgeable players in the sector, NAN can report authoritatively that the landing costs per litre of petrol is higher …

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FG Order Contractors Of Abandoned Projects In Niger Delta Back To Site

The Federal Government on Tuesday ordered all contractors who abandoned projects in the Niger Delta region to return to site immediately. Acting President Yemi Osinbajo gave the order at a stakeholders meeting for sustainable development in the Niger Delta region held in Owerri, Imo State. Mr. Osinbajo said he was …

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Our Whistle-blowing Policy Has Yielded $160m, N8bn – Lai Mohammed

Minister of Information and Culture, Lai Mohammed says the Federal Government’s Whistle-blowing policy has yielded $151million and  N8billion in looted funds. In a statement signed by Segun Adeyemi,  the Special Assistant to the Minister, Alhaji Mohammed said the looted funds were recovered via the clues provided by three whistle-blowers who gave …

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Photos: Wads Of Cash Discovered In Ex-NNPC GMD, Andrew Yakubu’s House

A special operation conducted by operatives of the Economic and Financial Crimes Commission on February 3 on a building belonging to a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, in Kaduna, yielded the recovery of $9,772,800 (Nine Million, Seven Hundred and Seven Two Thousand, …

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Kaduna Refinery Loses N2bn Annually To Illegal Pipeline Tapping

The Nigerian National Petroleum Corporation (NNPC), said its subsidiary, ‎Kaduna Refining and Petrochemical Company (KRPC), loses about N2.2 billion yearly ‎to illegal tapping on its raw water pipeline. The corporation said this in a statement in Abuja on Thursday by its Group General Manager, Group Public Affairs Division, Mr Ndu …

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Nigeria To Stop Fuel Importation By 2019 – Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Tuesday in Abuja at a public hearing on the review of petroleum pricing template for Premium Motor Spirit organised by the House of Representatives. He said that within two years, the Federal Government revived refineries that were non-functional …

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FG Still Owes Fuel Importers N660bn After Paying N150bn

The Major Oil Marketers Association of Nigeria, MOMAN, on Wednesday said Federal Government had assured of full settlement of all debts owed on importation of petroleum products. The Executive Secretary of MOMAN, Obafemi Olawore, told the reporters in Lagos on Wednesday that the government had demonstrated positive disposition to defray the …

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Suleja Depot Fire Will Not Affect Fuel Supply – NNPC

The Nigerian National Petroleum Corporation, NNPC, said the fire incident which affected a truck at the Suleja Depot at about 4 a.m today would not affect adequate supply of petroleum products in Abuja and the states of  Niger and Nasarawa. Nigeria Pipeline and Storage Company, NPSC, Managing Director, Barrister Luke Anele, said …

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Niger Fire Service Confirms Fire At NNPC Suleja Depot

The Niger State Fire Service have confirmed an early morning fire outbreak at the NNPC depot in Suleja. Mr Mohammad Kwale, the officer in charge of the service in Suleja, told newsmen on Sunday that the outbreak affected the loading section in the depot. ”The outbreak started around 4:30am when …

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Fuel Scarcity: Sokoto Govt To Sell Petrol TO Motorists

Sokoto State Government says it plans to commence the sale of one million litres of petrol to motorists weekly to stabilize the fuel supply situation in the state. The Chairman of the State’s Task Force on the supply of petroleum products, Alhaji Ibrahim Magaji, disclosed this to the News Agency …

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NNPC Debunk Rumours Of Petrol Price Increase, Insists Of N145/L

Nigerian National Petroleum Corporation has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products. NNPC assures motorists that the Corporation has 1.3billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more …

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NUPENG Calls Off 3-Day Warning Strike

The National Union of Petroleum and Natural Gas Workers(NUPENG) on Wednesday in Abuja called off its three-day nationwide warning strike. NUPENG’s President Igwe Achese called of the strike at a reconciliatory stakeholders meeting called at the instance of Minister of Labour and Employment, Sen. Chris Ngige. Others stakeholders at the …

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Fuel Scarcity Looms As NUPENG Begins 3-Day Warning Strike

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared a nationwide strike beginning from today. The strike which will affect the flow of petrol to filling stations, has shut down seven crude flow stations in the Niger Delta, a union official said on Wednesday. The strike is …

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Kerosene Scarcity Hits Lagos

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has confirmed that there is no kerosene in any of the depots in Lagos. The union said the product was not available in both depots belonging to the Nigerian National Petroleum Corporation ( NNPC) and private operators in Lagos. Mr …

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Ex-Petroleum Minister, Diezani Forfeits $153.3m To FG

The Federal High Court sitting in Lagos on Friday ordered the forfeiture of $153.3 million allegedly embezzled by the embattled former Petroleum Minister, Diezani Alison-Madueke, to the Federal Government. The seized money, according to the Economic and Financial Crimes Commission was stolen from the Nigerian National Petroleum Corporation and stashed in …

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Nigeria Discovers Crude Oil In Borno

Nigeria has discovered huge crude oil concentration in Borno State, North East, raising the hope of the region joining the league of oil producers. Lagos state recently joined the league of crude oil producers. Some states in the league are Bayelsa, Rivers, Delta, Akwa Ibom. The Permanent Secretary, Ministry of Petroleum …

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