NNPC Vows That Refineries Will Roar Back Soon

The Nigerian National Petroleum Corporation (NNPC) would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group Managing Director of the corporation, Dr. Maikanti Baru disclosed this shortly after receiving this year’s Man of the Year Award from Nigerian NewsDirect, a Lagos-based daily publication, in Lagos, at the […]


NNPC Closes 2017 With N82bn Deficit

NNPC Group closed the 2017 full year operations with a budget deficit of N82 billion against its budgeted surplus of N601.16 billion for the year. The corporation’s oil and gas report for December 2017, which contained the figures, shows that the group’s operations in December ended in a deficit of N6.37 billion, which is slightly […]


NNPC Committed To Helping Nigeria Attain Competitive Edge In Non-Oil Sectors

…As Baru Says Fuel Scarcity Now a Thing of the Past The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment towards providing the necessary assistance for Nigeria to attain competitive edge in non-oil sectors of the economy. Group Managing Director of the corporation, Dr. Maikanti Baru stated this while delivering a goodwill message during […]


Azikel Refinery: NNPC GMD Calls For Encouragement, Lauds Dr Eruani

By: Amos Okioma The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru has called for sustained encouragement owing to the remarkable pace of work at the Azikel Refinery site, even as it lauded the President of Azikel Group, Dr Azibapu Eruani for having achieved 65% completion on the phase I, II […]


Senate Probes NNPC Over ‘Illegal Account’ Operated By Past GMDs

The Senate has mandated its committees on public accounts and gas to investigate the activities of Brass LNG, alleged to be running an illegal account in the name of the federal government. Drawing the attention of senators to the issue on Tuesday, Dino Melaye, Kogi-APC, accused the Nigerian National Petroleum Corporation, NNPC, of operating a […]

NNPC to Build More Depots, Expand Market Share

Nigerian National Petroleum Corporation (NNPC) is to build more depots across the Country. NNPC Group Managing Director, Dr. Maikanti Baru who disclosed this Monday in Abuja while inaugurating the board of one of its downstream Companies, NNPC Retail limited, said the addition to the corporation’s existing 23 depots nationwide would ease products supply and distribution […]


Only National Assembly Can Appropriate On General Subsidy, Says NNPC

The Nigerian National Petroleum Corporation (NNPC) has clarified a statement wrongly attributed to the Managing Director of Petroleum Products Marketing Company (PPMC), Mr. Umar Ajiya, suggesting that NNPC does not require the National Assembly’s nod to subsidize Premium Motor Spirit, otherwise called petrol. For the avoidance of doubt, Mr. Ajiya who was a guest at […]


NNPC, NIMASA, Maritime Stakeholders Weigh Crude Oil Export Regime Options

A high-powered meeting of stakeholders in the maritime industry has been convened to generate ideas on how best to export Nigerian crude oil to attract maximum benefits for Nigeria. The meeting with theme: “Free On-Board (FOB) and Cost, Insurance and Freight (CIF) Incoterms Framework for Export of Nigerian Crude Oil and Gas” was organized by […]

FG lost 148,533m Litres Of PMS To Diversion–Baru

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday disclosed that the nation lost about 148,533000 million litres of fuel to diversion during the December fuel crisis in Nigeria.  Speaking at an investigative public hearing by a Joint Senate and House of Representatives Committees on Petroleum Downstream, at the National […]