News - NNPC

$16.35 Billion Egina Oil Field: Senate Wants NNPC To Conduct Value-For-Money Audit

2 hours ago /
Nation 

The Senate has directed state owned oil company, Nigeria National Petroleum Corporation (NNPC) to immediately begin a thorough-value-for money audit of Egina oil project currently being undertaken by Total Nigeria.

NNPC, Keystone Bank In $141 Million LNG Scandal

3 hours ago /
Nation 

Senate has concluded plans to investigate State owned oil company Nigeria National Petroleum Corporation (NNPC)over how Brass LNG account worth $141 million allegedly ended in a private wallet domiciled with Keystone Bank.

Reps To Investigate Alleged Revenue Loss Of $7.6trillion By NNPC

5 days ago /
Nation 

The House of Representatives is to investigate the reasons responsible for Nigeria losing about 7.6 trillion Naira crude oil revenue to international oil companies. In a motion sponsored by Rep. Sunday Katung, lawmakers were informed that the loss, which is from 1993, is partly due to government’s failure to implement the...

House Of Reps To Probe Fuel Subsidy Payments

6 days ago /
Nation 

Nigeria’s house of representatives is set to investigate the current fuel subsidy payment by the Nigerian National Petroleum Corporation, NNPC The lawmakers have invited the minister of state for petroleum Resources Ibe Kachikwu and the group Managing Director of NNPC to account for the monies so far expended on the subsidy...

NNPC, APWEN To Support Female Engineers

6 days ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has said that it is ready to collaborate with the Association of Professional Women Engineers of Nigeria (APWEN) to encourage female children to study Engineering. Group Managing Director of NNPC, Dr. Maikanti Baru, stated this Tuesday when the leadership of APWEN paid him a courtesy...

Ogun Govt Sets Up Task Force To End Fuel Scarcity

1 week ago /
Nation 

The Ogun State Government has set up a Task Force with the mandate to monitor effective distribution of petrol towards bringing an end to the scarcity of the product in the state within 48-hours. Inaugurating the committee in Abeokuta, the state capital the Secretary to the State Government, Mr Taiwo Adeoluwa,...

Fuel Scarcity Persists In Abuja

1 week ago /
Nation 

Motorists in the Federal Capital Territory are still spending many hours at fuel stations to get the premium motor spirit AIT’s investigations reveal that a liter of the petroleum product is being sold for as high as three hundred and fifty naira in black markets The motorists want the government to find...

Escravos Pipeline Fire update: Gas Supply to Power Plants Remains Intact – NNPC

1 week ago /
Nation 

The Nigerian National Petroleum Corporation, NNPC, says that routine gas supply for power generation is not affected by the fresh fire incident which engulfed a segment of the Escravos-Lagos Pipeline System (ELPS). NNPC Group Managing Director, Maikanti Baru, said this in Friday while directing that an alternative pipeline be re-streamed immediately...

NNPC Pledges To Develop Local Content In Oil And Gas Industry

2 weeks ago /
Nation 

The Nigerian National Petroleum Corporation, NNPC, has restated its commitment to the development of local content in the Nigerian oil and gas industry. The Group Managing Director of the Corporation, Dr. Maikanti Baru gave this commitment at the investigative hearing by the Senate Committee on Nigerian Content on a petition by...

PDP Calls For Probe Into Missing 4,501 Trucks Of Petroleum

2 weeks ago /
Nation 

The Peoples Democratic Party (PDP) has called on security agencies to immediately launch a probe into the voluntary disclosure of the Managing Director, Nigeria National Petroleum Cooperation (NNPC) Dr. Mikanti Baru, that 4,501 trucks of petroleum recently went missing. The PDP, in a statement signed by its Deputy National Publicity Secretary,...

NNPC Restores Escravos-Lagos Pipeline, Resumes Gas Supply

2 weeks ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) says the Escravos-Lagos Pipeline (ELP) which was gutted by fire has been restored. The repairs means that gas supply to customers on the line including power-generating companies has also resumed. According to a statement released by the corporation this Monday,  the repair work on the pipeline followed...

Ogonis Protest In Abuja Against Shell, NNPC

2 weeks ago /
Nation 

The entrance to the corporate headquarters of the Nigerian national petroleum corporation (NNPC) in Abuja was on Thursday barricaded, as persons said to be representing the Ogoni people of rivers state staged what they called a non-violent protest against shell and NNPC. They accused both shell and NNPC of using an...

Kachikwu Proffers Solutions To Fuel Scarcity

2 weeks ago /
Nation 

The Minister of state for Petroleum, Ibe Kachikwu has said Nigeria urgently needs to address the issue of fuel pricing if it hopes to find a lasting solution to perennial fuel scarcity in the country. Kachikwu also wants the entire oil business model fine-tuned with the country’s refineries fixed as quickly...

Ministry Of Power Explains Blackout

2 weeks ago /
Nation 

The Ministry of Power has traced the nationwide blackout, which occurred on Tuesday night to a fire incident on the Excravos-Lagos Pipeline system of the Nigerian gas processing and transportation company near Okada in Edo state The Nigerian gas processing and transportation company said the incident required a shutdown of the...

Full Transcript: President Buhari’s New Year Address

3 weeks ago /
Nation 

President Muhammadu Buhari on Monday performed his first official function for the New Year by addressing Nigerians in a nationwide broadcast. The President spoke about the fuel crisis in the country, his administration’s plans for infrastructure development – rail, roads and power, as well as the calls for the restructuring...

DAPPMA/NNPC Controversy

3 weeks ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has described as very unfortunate a statement credited to the Depot And Petroleum Products Marketers Association (DAPPMA) on the fuel supply situation, especially premium motor spirit (petrol).  In a statement, NNPC reaffirmed that it had supplied appreciable volume to DAPPMA, Major Marketers Association of Nigeria...

NNPC Discovers Illegal Fuel Depot In Abuja

4 weeks ago /
Nation 

The team set up by the federal government led by the group managing director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru to bring Nigeria’s fuel situation to normalcy has made significant arrests of saboteurs frustrating their efforts. The people in the team comprise of top management of Nigeria’s oil and...

Fuel Scarcity: More Fuel Stations Shut Down In Abuja

4 weeks ago /
Nation 

Authorities of the Nigerian National Petroleum Corporation, NNPC, seem to have run out of ideas on how to end the current round of fuel scarcity in the country. Forty-eight hours after the Group Managing Director, Maikanti Baru assured motorists in Abuja, the nation’s capital of some improvement in supply, more fuel...

NNPC Doubles Fuel Supply As Scarcity Persists

1 month ago /
Nation 

As Nigerians continue to grapple with the fuel scarcity, an assurance is coming from the Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru says efforts are on to end the crisis. According to him, the corporation has doubled the daily supply of petrol from about 27 million to...

CSOs Advocate Imrpoved Transparency In Crude Oil Sales

1 month ago /
Nation 

The head of crude oil sales department of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari says though it is imperative that civil society groups hold government institutions accountable through advocacy, they should not promote falsehold. Kyari said this Tuesday at the policy dialogue on crude sales and reserve management in Nigeria at...


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