Tag Archives: NNPC

As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commissioners Forum, Mr. Mamood Yunusa, explained  in Abuja that the NNPC must pay fully. He said: “Based on all provable assumption parameters, the Nigerian National Petroleum Corporation …

Read More »

The group monetary loss of the Nigerian National Petroleum Corporation for 2015, 2016 and 2017 is N547bn, the latest review of the oil firm’s financial and operations reports in the period has revealed. According to the review, which was done by the Nigeria Extractive Industries Transparency Initiative and released in Abuja on Sunday, the refineries posted a cumulative performance of …

Read More »

The Management of Nigerian National Petroleum Corporation (NNPC) may approach the Board of Nigerian Ports Authority (NPA)to seek soft landing on the payment of over 20 years legacy debts. Meanwhile, all debts owed the Nigerian Ports Authority (NPA) by the Nigerian National Petroleum Corporation (NNPC) between 2017 to date, amounting to about 2.1 Billion Naira for services rendered to the …

Read More »

Folake Sokoya The Lagos State Police Command has arrested five pipeline vandals accused of tampering with NNPC pipeline at the Ekoro area of Abule-Egba. According to the state Commissioner of Police, CP Edgal Imohimi, the suspects were arrested based on information received and analysed by the intelligence arm of the command. The CP said that the Rapid Response Squad (RRS) …

Read More »

A two party consortium consisting of Oando PLC (“Oando”), in conjunction with its midstream affiliate, Axxela Limited (“Axxela”) (formerly known as Oando Gas & Power) and Oilsery Limited, has been awarded the Engineering, Procurement, Construction (EPC) mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system (the “AKK Pipeline”) by the Nigerian National Petroleum Corporation (“NNPC”). …

Read More »

The Nigerian National Petroleum Corporation NNPC said arrangements were being concluded for the historic groundbreaking of the 40inch x 614km Ajaokuta – Kaduna – Kano, (AKK), gas pipeline and stations in the weeks ahead. The corporation said following last week’s successful execution of contract agreements for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the over $2.8billion …

Read More »

… As Baru Bags NMGS Honourary Fellowship The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to collaborate with the Nigerian Mining & Geosciences Society (NMGS) towards growing the nation’s abundant hydrocarbon reserves. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this shortly after being conferred with the honourary fellowship of the Society in Kano, on Tuesday. …

Read More »

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 weekend. Dr. Baru said as …

Read More »

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 lower than the monthly deficit …

Read More »

…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 the ‘NNPC Day’ held at …

Read More »