Thursday , 17 August 2017

Tag Archives: nnpc

We are not recruiting – NNPC

The Nigerian National Petroleum Corporation (NNPC) has, told Nigerians  for the umpteenth time, that the Corporation is not recruiting into any of its department for now. The latest clarification is coming on the heels of a fresh recruitment advert purportedly from the Corporation being circulated by e-mails and on various …

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Boko Haram hinders NNPC to explore oil in Lake Chad

The Nigerian National Petroleum Corporation ( NNPC ) has suspended the exploration for crude oil in the Lake Chad Basin, situated in parts of Borno State, following attacks on its workers and some military personnel by the terrorist group, Boko Haram. The Minister of State for Petroleum Resources, Ibe Kachikwu, …

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NNPC advises Nigerians against panic buying

The Nigerian National Petroleum Corporation (NNPC) on Monday in Abuja advised consumers of petroleum products not to engage in panic buying following a fire that engulfed a tank farm at the Calabar Free Trade Zone (CFTZ) in Cross River on Saturday. In a statement by NNPC Group General Manager, Group …

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Revealed !!! How stolen $1.76b from NNPC was spent by Kola Aluko and Omokere

According to reports, the court documents filed at the Federal High Court in Lagos Nigeria have revealed how oil businessmen, Kolawole Akanni Aluko and Jide Omokore laundered the $1.7 billion creamed off the questionable oil swap transactions between them and the NNPC, during the tenure of Diezani Alison-Madueke. Some of …

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Ifeanyi Ubah returns N2 billion out of N11 billion he allegedly diverted

The chairman of Capital Oil, Chief Ifeanyi Uba, who is under House of Representatives probe for alleged diversion of N11 billion worth of petroleum products belonging to the NNPC has paid back N2 billion out of the N11billion to the NNPC. This was disclosed by the Chief Operating Officer of …

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NNPC drops price of Diesel to N155/litre

The Nigerian National Petroleum Corporation (NNPC) has reduced the price of Automotive Gas Oil, also known as diesel, has dropped further from between N175 and N200 per litre as of June 18, 2017 to between N155 and N160 per litre in many filling stations across the country. Early last month, …

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Indonesian firm interested in building crude oil refinery in Nigeria

An Indonesian engineering firm PT Intim Perkasa has expressed an interest in building a refinery in Nigeria, this was confirmed by the West African country’s state oil company on Wednesday. A representative of PT Intim Perkasa Nigeria Ltd, a subsidiary of the Indonesian company, indicated an interest in building a …

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NNPC reduces price of diesel across the country

The Group General Manager, Public Affairs Division of the Nigerian National Petroleum Corporation (NNPC), Mr Ndu Ughamadu, on Sunday said it had crushed the price of diesel by 42 per cent. In a statement in Abuja, Ughamadu said diesel also known as Automotive Gas Oil (AGO), had a huge downslide over …

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NNPC debunks any news of recruitment

The Nigerian National Petroleum Corporation (NNPC) has once again warned the members of the public to disregard any announcement of recruitment or invitation to recruitment interview as it is not carrying out any recruitment exercise at the moment. The disclaimer, the third in recent times, is coming on the heels …

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NNPC owes us N 16 billion – Capital Oil

Capital Oil and Gas Industries Limited, owned by businessman, Ifeanyi Ubah has alleged that the Nigeria National Petroleum Corporation (NNPC) owes it N16 billion. The company stated this in reaction to the arrest and detention of its chairman, Ubah by the Department of State Security (DSS) for what the agency …

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NNPC yet to remit $81.2bn in four years – House of Reps

The Nigerian National Petroleum Corporation (NNPC) did not remit a total of $81.2bn crude oil proceeds to the Federation Account in four years according to the House of Representatives. Its ad hoc committee, which is investigating the alleged export of $17bn worth of undeclared crude oil and gas resources, has demanded …

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Commuters stranded at Lagos-Ibadan Expressway

It was all locked down on Friday at the Ogun axis of the Lagos-Ibadan Expressway as lots of passengers travelling out of Lagos on Friday were stranded  from the Magboro end of the road. At almost every bus stop on the expressway, there were several commuters, some with the bags …

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Three NNPC Chiefs Fired Over Missing N11bn Petrol

The Nigerian National Petroleum Corporation(NNPC) on Thursday sacked three of its senior officials and deployed four others in vacant positions. Although the corporation did not state why the officials were sacked, it was gathered that the affected directors and a manager were allegedly involved in the N11bn missing petrol scandal …

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‘Missing’ Petrol Scandal: Four NNPC Top Officials Get Letters Of Compulsory Retirement

Four top officials of the Nigerian National Petroleum Corporation, NNPC, on Tuesday received their letters directing them to proceed on compulsory retirement over the missing petrol scandal, multiple sources told PREMIUM TIMES. On Monday, PREMIUM TIMES published an exclusive report that the Managing Director of the NNPC Retail, Esther Nnamdi-Ogbue, …

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‘Missing’ Petrol Scandal: NNPC Asks Four Top Officials To Resign

The management of the Nigerian National Petroleum Corporation, NNPC, has asked four top officials of the agency to resign, multiple sources have told PREMIUM TIMES. Those asked to resign are the Managing Director of the NNPC Retail, Esther Nnamdi-Ogbue; the General Manager (Operations) of NNPC Retail, Mamza Gwadabe; as well …

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NNPC debunks fuel scarcity rumour

The Nigerian National Petroleum Corporation, NNPC on Wednesday has debunked news making the rounds that there will be fuel scarcity in the country. Following last Monday’s N1 (about 16.4 per cent) review of the bridging allowance to transporters from N6.20 to N7.20 per litre, speculations were rife that government was …

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NNPC Denies Hike In Pump Price of Petrol

The increase in the bridging allowance to transporters from N6.20 to N7.20 per litre will not result in upward review of petrol pump price, the Nigerian National Petroleum Corporation (NNPC) has said. Speaking on the rumoured planned increase of the product in Abuja yesterday, Chief Operating Officer (COO) in charge …

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Gas flaring dropped from 36% to 10 % in the last 10 years -NNPC

Gas flaring has been reduced by 26 percent by the Nigerian National Petroleum Corporation, NNPC in the last 10 years. According to the NNPC said the reduction, which has pushed Nigeria down from the second highest gas flaring nation to the seventh position, was from 36 per cent in 2006 …

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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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