Tag: Nigeria National Petroleum Corporation

NNPC Shuts Warri Refinery Over Power Outage

The 125,000 barrel per day (bpd) Warri refinery has been shut down by the Nigeria National Petroleum Corporation (NNPC) after gas turbine generators that supply power to the plant tripped off.  The refinery had only in January resumed production after its Crude Distillation Unit (CDU) was revved up allowing it[Read More…]

NNPC Refuse To Remit $15.8bn To Federation Account – NEITI Says

Nigeria Extractive Industries Transparency Initiative (NEITI) says the Nigeria National Petroleum Corporation is withholding from the federal government, a sum of $15.8 billion belonging to the Nigeria Liquefied Natural Gas. In an audit report for 2014, NEITI said NLNG paid $1.42 billion to NNPC as dividends, loan and interest repayments[Read More…]

3 Soldiers Killed As NNPC Gas Pipeline Is Bombed

Three soldiers attached to the Joint Task Force, JTF, in the Niger Delta, allegedly perished in two detached boat tragedies in Bayelsa and Delta States, while suspected militants again bombed the Escravos Gas Pipeline, a facility of the Nigeria National Petroleum Corporation, NNPC, in Delta State, at the weekend.  [Read More…]

“Nigerians Are Suffering” – Says Northern CAN To Buhari

The Northern chapter of the Christians Association of Nigeria, CAN, on Sunday, asked the President Muhammadu Buhari-led Federal Government to intensify its efforts in fixing the problem of fuel scarcity, which had lingered in the country since January. The association said the untold hardship Nigerians were experiencing as an oil[Read More…]

Nigerians Urged To Brace-Up As Government Removes Petrol Subsidy Next year

Federal government Monday alerted Nigerians to prepare ahead for what it termed, more austere conditions in view of the strict economic policies being put in place by the Muhammadu Buhari led administration, just as it vowed to strictly monitor expenditure of all Ministries, Department and Agencies, MDAs to avoid wastes.[Read More…]

EFCC Releases Jide Omokore, Diezani’s Business Associate On Administrative Bail

The Economic and Financial Crimes Commission (EFCC) has released Jide Omokore on bail after questioning him over alleged corrupt practices in the nation’s oil sector. Omokore owner of Atlantic Energy, who is said to be a business associate of former Nigeria’s petroleum minister Diezani Alison-Madueke, was on Monday held at[Read More…]

$50Billion Oil Fraud: Diezani, Aluko, Aiteo, Sahara Energy, Omokore, Wagbatsoma For Trial

Baring any last minute change of plans, the Federal Giovernment has concluded arrangement to commence the trail of former Pretroleum Minister, Diezani Allison-Madueke and all those fingered in fraudulent activities in the oil sector which has cost the country over $50Billion, highly placed sources within the security apparati and the Presidency, have told Pointblanknews.com. Diezani[Read More…]

NNPC Towers

Mass Sack Sweeps The NNPC As Over 1000 Workers Are To Be Retrenched

Over 1000 workers of the Nigeria National Petroleum Corporation (NNPC) will leave service any moment from now, Daily Trust has learnt. More than 200 of them are middle level officers that are caught up in the ongoing restructuring that has seen the exit of top management staff and nine heads[Read More…]

“Stop Placing “Frivolous” Ads” – Newly Appointed NNPC GMD Is Tired Of All The Congratulatory Adverts

Emmanuel Ibe Kachikwu, the new group managing director of the Nigeria National Petroleum Corporation (NNPC), has appealed to friends and well-wishers to stop placing “frivolous” congratulatory adverts on him in the media. Kachikwu (pictured, right), who assumed duty as the 17th GMD of the corporation on Tuesday, said he sees[Read More…]

NNPC Towers

“These Agencies Are The Oil Well Of Lawmakers” – Niger-Delta Youths Ask Buhari To Probe NNPC, NDDC

A group, Niger-Delta Youth Vanguard for APC, has advised President Muhammadu Buhari to commence without further delay, a probe into the alleged sharp practices in the Nigeria National Petroleum Corporation, NNPC and the Niger Delta Development Commission, NDDC. The group, in a statement, said the federal government would not make[Read More…]