News - NNPC

NNPC Promises Hitch-Free Ember Months

1 week ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of enough petroleum products through out the ember months to ensure motorists have convenient movement. NNPC Group Managing Director, Maikanti Baru, said this during the 2017 special marshal sectorial workshop which held in Abuja. The 2017 special marshal sectorial workshop provided a veritable...

NNPC To Reinvogorate Exploratory Activities In Seven Hydrocarbon Basins

1 week ago /
Nation 

The Nigerian National Petroleum Corporation on Thursday said it would reinvigorate exploratory activities in the seven hydrocarbon basins in Nigeria to shore up the nation’s reserve base. NNPC Group Managing Director, Dr Maikanti Baru, disclosed this in Abuja when he received Gov. Ibrahim Geidam of Yobe in a courtesy visit. In a...

Osinbajo Denies Approving NNPC ‘Contracts’

1 week ago /
Nation  Politics 

Vice President, Prof. Yemi Osinbajo, on Thursday said that he only approved two loans for the Nigeria National Petroleum Corporation (NNPC) and not contracts. Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande had earlier said that the Vice President approved contracts for NNPC. Akande said the contracts were approved after...

NNPC To Establish Refinery In Akwa Ibom State

1 week ago /
Nation 

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, says he has engaged investors to establish a refinery in Akwa Ibom state. The NNPC GMD, who declared this during a two-day PENGASSAN’s triennial retreat/synergy workshop, which opened Wednesday in Uyo, Akwa-Ibom state, said the state was well-positioned...

BREAKING: Osinbajo Admits Approving Oil Contracts For NNPC

1 week ago /
Nation 

The Vice President, Professor Yemi Osinbajo has admitted granting authorisation to the NNPC for two oil contracts worth N640 billion while President Muhammadu Buhari was away on medical leave. Minister of state for Petroleum Resources, Dr. Ibe Kachikwu, had accused the Group Managing Director (GMD) of the NNPC, Dr Maikanti Baru,...

House Of Representatives Summons NNPC Over Revenue Leakages

1 week ago /
Nation 

Nigeria’s House of Representatives ad-hoc committee on investigation of revenue leakages has summoned the Nigeria National Petroleum Corporation, NNPC, and duke oil over non-remittance of revenue generated to the consolidated revenue account. The committee at its sitting on Tuesday said it has discovered that there were leakages from the revenue accruable...

NLC Backs Kachikwu/Baru Investigation

1 week ago /
Nation 

The Nigeria Labour Congress, NLC, has thrown its weight behind senate’s decision to investigate the face-off between minister of state for petroleum Ibe Kachikwu and the group managing director of the Nigerian National Petroleum Corporation, Maikanti Baru. NLC President Ayuba Wabba on the sidelines of an international conference on security in...

PENGASSAN/NUPENG Speak On Minister/NNPC GMD Squabble

1 week ago /
Nation 

The president of the Petroleum And Natural Gas Senior Staff Association of Nigeria PENGASSAN, Francis Johnson, wants Nigerians to be cautious of their comments on the face off between Nigeria 's minister of state for Petroleum Ibe Kachikwu and the Group Managing director of NNPC Maikanti Baru.   Johnson who stated this...

No Law Mandates Me To Discuss Contracts With You, Baru Replies Kachikwu

1 week ago /
Nation 

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Monday officially responded to the recent allegations of insubordination and corruption levelled against him by the minister of state for petroleum resources, Ibe Kachikwu. According to the NNPC, the response followed a directive from president Muhammadu Buhari to Baru and...

BREAKING: NNPC Breaks Silence On Kachikwu’s Letter

2 weeks ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has made a release today breaking silence on the recent letter written by the Minister of State for Petroleum, Dr Ibe Kachikwu to President Muhammadu Buhari. The group in the statement signed by the General Manager Public Affairs,  Ndu Ughamadu, states that the law and...

NNPC Subsidiary Declares N15.8bn Profit After Tax In 2016

2 weeks ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) says Nigerian Gas Processing and Transportation Company Ltd. (NGPTC), one of its subsidiary companies, has declared a profit after tax of N15.81 billion in 2016. The NNPC disclosed this in Abuja on Sunday in a statement by the corporation’s Group General Manager, Group Public Affairs...

BREAKING: Kachikwu Arrives At Presidential Villa To Meet Buhari

2 weeks ago /
Nation 

The Minister of State for Petroleum, Ibe Kachikwu has arrived at the Presidential Villa, Abuja, the nation’s capital to meet with the President, Muhammadu Buhari. The Minister arrived at the Presidential Villa at about 11:33 am. The meeting follows few days after Dr. Kachikwu was said to have written to President Muhammadu...

Nigeria Rakes In N118trn From Crude, Says NBS

2 weeks ago /
Nation 

The National Bureau of Statistics (NBS) says Nigeria has realised more than N118 trillion from crude production and refining from 1961. The NBS report, which has additional data from the Nigerian National Petroleum Corporation (NNPC), collated its statistics from 1961 till 2014. “The petroleum statistics on crude oil production and oil refining...

PDP asks Buhari to act on NNPC GMD

2 weeks ago /
Nation 

The Peoples Democratic Party (PDP) has expressed shock at the loud silence of President Muhammadu Buhari on the corruption scandal and other illegalities currently being exposed at the nation’s cash cow, the NNPC in which two of his aides, the minister of state for petroleum, Ibe Kachikwu and the group...

Kachikwu’s Letter: Group Demands Suspension Of NNPC GMD, Baru

2 weeks ago /
Nation 

The Socio-Economic Rights and Accountability Project has demanded that President Muhammadu Buhari, suspends the Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Maikanti Baru pending the outcome of the investigation. Executive Director of SERAP, Mr. Adetokunbo Mumuni, on Thursday, requested the Commander-in-Chief to direct the anti-graft agencies to swing...

Senate To Investigate Allegations Of Corruption In NNPC

2 weeks ago /
Nation 

The Senate has set up an Ad-Hoc committee to conduct a holistic investigation into allegations of corruption in the Nigeria National Petroleum Corporation (NNPC). The committee will also investigate the issues raised in a memo said to be written by the Minister of State for Petroleum, Ibe Kachikwu. The Chairman of the...

Senate Wades Into Kachikwu, Baru Feud

2 weeks ago /
Nation 

The senate on Wednesday began investigation into allegations of insubordination and controversial appointments against the group managing director of Nigerian national petroleum corporation (NNPC), Maikanti Baru with the set up of a committee to investigate and report back with immediate effect.  In a leaked letter dated 30th august, 2017, minister of...

Kachikwu/Baru Face-Off

2 weeks ago /
Nation 

The President Muhammad Buhari-led administration since assuming office has been hailed for reducing corruption in the country. One sector a lot of analysts agree the administration made strides in the fight against corruption is the petroleum sector in which the president also doubles as minister. So when the news of a leaked memo...

Justice Dimgba Rebuffs Alison-Madueke As A Defendant

1 month ago /
Nation 

Justice Nnamdi Dimgba of the Federal High Court Abuja, has dismissed an application brought by a former Minister of Petroleum Resources, Diezani Alison-Madueke, seeking to be joined as a defendant in the trial of Jide Omokore. The judge also struck out the eighth count in which her name was listed. Omokore, chairman,...

Petroleum Industry Strike: No Cause For Alarm - NNPC

1 month ago /
Nation 

The Nigerian National Petroleum Company, NNPC says there is absolutely no need for motorists across the country to engage in panic buying of petroleum products. This advice which was contained in a press statement and made available to ait assured that the corporation has in stock, premium motor spirit (PMS)...


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