News - NNPC

 

Buhari Off To The Hague On Sunday

1 day ago /
International News 

President Muhammadu Buhari will on Sunday, July 15, 2018, depart for the Netherlands to participate in activities to commemorate the 20th anniversary of the adoption of the Rome Statute of the International Criminal Court (ICC), at The Hague.

President Buhari Congratulates Management of NLNG

4 days ago /
Nation 

President Muhammadu Buhari has congratulated the board, management, staff and shareholders of the Nigerian Liquefied Natural Gas company (NLNG), the NNPC and other Joint Venture partners, Shell, Total and AGIP on the signing of the contracts for the Front End Engineering Design (FFED) of Train 7 of the Nigeria Liquefied Natural Gas Project.

House of Reps to Investigate Oil Sales

5 days ago /
Nation 

Nigeria’s House of Representatives is to investigate the crude oil sales from January to date and other sources of revenue to the Nigerian National Petroleum Corporation, NNPC.

Buhari Intervenes In FAAC Deadlock

1 week ago /

The standoff which has stalled revenue sharing among the three tiers of government for the months of May and June, 2018 could be responsible for salary delays in some states of the Federation. 

Deadlock Over NNPC Revenue Remittance Lingers

1 week ago /
Nation 

The controversy over remittance by the Nigerian national petroleum corporation, NNPC into the federation account has continued to delay may allocation to the three tiers of government.

Cost Of Oil And Gas Production To Determine New Projects - Kachikwu

1 week ago /
Nation 

Nigeria’s Minister of state for petroleum resources Emmanuel Kachikwu says reducing the cost of crude oil production will soon become major criteria for approving new projects for companies.

Finance Commissioners Reject Revenue Discrepancies By NNPC

2 weeks ago /
Nation 

The chairman commissioners of finance forum of the Allocation Committee (FAAC) Mahmud Yunusa says the one hundred and Federation Account twenty-seven billion naira of royalties and petroleum profits tax remitted by the Nigerian National Petroleum Corporation NNPC, is not acceptable.

NOCs Comparative Impact On Economies: NNPC Ranks Low In Nigeria

2 weeks ago /
Nation 

A recent report by the Centre For Petroleum Energy Economics And Law, CPEEL, of the university of Ibadan adjudged the Nigerian national petroleum corporation’s contribution to the country’s economy as minimal.

NEC Directs Finance Ministry To Speedily Resolve Disagreements Over Remittances

2 weeks ago /
Business and Economy  

The  National Economic Council (NEC) has directed the Ministry of Finance and the Federal Allocation and Accounts Committee (FAAC) to speedily resolve the issues over remittances by the Nigerian National Petroleum Corporation into the Federation Account.

CSO Asks Government To Investigate Oil Fields Allocation

2 weeks ago /
Nation 

A Civil Society Group , Gatekeepers Foundation wants President Muhammadu Buhari  to investigate what it describes as foul play in the ongoing allocation of oil fields by the Nigeria National Petroleum Corporation to foreign Companies.

NNPC Justifies Remittance Of N147 Billion To FAAC For June

2 weeks ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has justified its N147billion June remittance to the Federation Accounts and Allocation Committee (FAAC), saying it is in line with the terms of agreement it had with Governors on the matter.

Nigeria, Morocco Sign Three Agreements

1 month ago /
Nation 

Nigeria and Morocco have signed three agreements, including a regional gas pipeline that will see Nigeria provide gas to countries in West Africa sub-region that extend to Morocco and Europe.

NNPC Denies Existence Of Royalty Payment For Alesa-Eleme

1 month ago /
Niger Delta 

The management of the Nigerian National Petroleum Corporation, NNPC, has dismissed insinuation of an approved 36 billion naira compensation said to be due to Alesa-Eleme community in Rivers State as royalty for playing host to the  Port Harcourt refining company, a subsidiary of the corporation.

Forensic Audit Reveals Underpayment Of N536 Billion, $21 Billion Between 2010 And 2015

1 month ago /
Nation 

A forensic audit report conducted between 2010 and 2015 has revealed that the sum of five hundred and twenty six billion naira and another twenty one billion dollars were underpaid into the federation account by various revenue-generating agencies in the country. 

Governors’ Forum Suspends Cash-Call Payment By NNPC

1 month ago /
Nation 

The Nigeria Governors’ Forum has criticized spending by the Nigeria National Petroleum Corporation, NNPC, while picking holes  in  the implementation of the cash-call agreement counterpart funding between the federal government and multi-national companies  that allows the NNPC to invest 60 per cent of its equity.

Osinbajo Releases Details Of Corruption In Jonathan Era

2 months ago /
Nation 

Vice President Yemi Osinbajo’s office has revealed details of mind-boggling corruption during the Jonathan era and even called them a tip of the iceberg.

Oil Prices Hit Highest Level Since 2014

2 months ago /

U.S. oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supply.

Oil Prices Hit $73.79 Per Barrel

2 months ago /

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw down excess supplies.


DPR Seals NNPC Fuel Station For Sharp Practices

3 months ago /

The Abuja zonal controller of the Department of Petroleum Resources, DPR, Abba Misua wants the Nigerian National Petroleum Corporation (NNPC) to be weary of investors they give downstream franchise license to.

FG, States And LGS Share N647.39bn For February

3 months ago /
Nation 

Nigeria’s Minister of Finance, Kemi Adeosun,  is to meet with the group General Manager of the Nigerian National Petroleum Corporation (NNPC) to reconcile and resolve the grey areas in the figures presented by the Corporation.


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