Tag: Nigerian National Petroleum Corporation

Just In: Petrol stays at N162 to165 – Minister assures

The Ministry of Petroleum Resources has confirmed that there would be no increase in the price of Premium Motor Spirit (PMS) popularly referred to as petrol. The Ministry on Friday published this in a statement issued and signed by the Minister of State for Petroleum, Timipre Sylva as a reaction[Read More…]

“Not only unfounded but frivolous” – NNPC denies claims of 48 million barrels of crude oil stolen

The Nigerian National Petroleum Corporation has denied the claim of 48 million barrels of crude oil allegedly stolen from Nigeria and stored in China in 2015. The denial is contained in the corporation’s reply to a letter by a firm, Samano Sa De CV and its officials – Ramirez and[Read More…]

President Buhari reconstitutes NNPC board

President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation, NNPC, after the expiration of the term of the board members appointed in 2016. In a statement signed by the senior special adviser to the president on media and publicity Femi Adesina According to[Read More…]

NNPC GMD warns as crude oil price drops to $22, urge Nigerians to be ready for tougher days

Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says Nigeria would be out of business if the price of crude oil drops as low as $22. NAN reports that Kyari was speaking on Wednesday at a consultative roundtable meeting organised by the Central Bank of Nigeria[Read More…]

Long Queues of Motorists Have Resurfaced At Filling Stations In Abuja, Lagos As Petrol Scarcity Bites

Barely a week after the fuel scarcity across Nigeria subsided in major cities, long queues of motorists have resurfaced at filling stations in Abuja, Lagos and other parts of the country. The fuel scarcity lasted through the Christmas and New Year celebrations forcing thousands of motorists to spend hours queuing[Read More…]

Nigerian Gov’t Blames Marketers Over Nationwide Petroleum Scarcity

The Nigerian National Petroleum Corporation (NNPC) has blamed the current petroleum scarcity in the country on marketers of the product. Maikanti Baru, group managing director of the company, said this in a statement by Ndu Ughamadu, NNPC spokesman. Assuring that the fuel scarcity would fizzle out this week, Baru warned marketers against[Read More…]

NNPC Towers

NNPC To Resume Oil Search in Lake Chad

The Nigerian National Petroleum Corporation (NNPC) says it will resume oil prospecting in the Lake Chad Basin of Borno state. The Group Managing Director of NNPC, Dr Maikanti Baru, made the promise when he visited Gov. Kashim Shettima at the Government House in Maiduguri on Monday. Baru was represented at[Read More…]

Fuel Theft: NNPC Should Go Beyond Sack of Officials, Nigerian Senate Says

  The Senate has commended the Nigerian National Petroleum Corporation (NNPC) for responding to the motion moved during a plenary session by Senator Kabiru Marafa, chairman, Committee on Petroleum Downstream Sector, on the theft of petroleum products kept in the farm tanks of two oil companies and urged the corporation[Read More…]

NNPC Says It Will Generate About 4,000MW of Power in 10 Years

The Nigerian National Petroleum Corporation (NNPC) says it will generate about 4,000 megawatts of power in the next 10 years to boost power supply in the country. Saidu Mohammed, NNPC chief operating officer, gas and power, Saidu Mohammed, made this known in a statement signed on Monday by NNPC group[Read More…]

Ex – NNPC Boss, Andrew Yakubu Wants FG To Return Money Discovered In His Bunker

Former Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu has asked a Federal High Court in Kano to set aside the order of forfeiture granted the Federal Government on the sum of $9.8 million recovered from his Kaduna house. The former NNPC boss wants the court to[Read More…]