The Nigerian National Petroleum Corporation, NNPC, yesterday, described as misplaced and misleading, allegations by the Nigeria Police that it had recovered $470 million and ₦8 billion of the corporation’s Brass Liquefied Natural Gas, LNG, fund stashed in some commercial banks. The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. […]
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NNPC Retail Limited, the downstream subsidiary of the Nigerian National Petroleum Corporation, with stake in supply and distribution of petroleum products has embarked on nationwide audit of its field operation to ensure all delisted trucks are in compliance with the requirement to remove the company’s logo and other brand attributes. Group General Manager, Group Public […]
Read More The Nigerian National Petroleum Corporation (NNPC) has justified its ₦147 billion 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. A release today by NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, stated that the […]
Read More The Nigerian National Petroleum Corporation (NNPC) is working to ensure that only quality fuel is imported and produced in the country, NNPC’s Group General Manager, Public Affairs Division, Ndu Ughamadu, has said. The development, he said, was informed by the need to safeguard the health of Nigerians, who daily use fuel for domestic and industrial […]
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The Nigerian National Petroleum Corporation, NNPC, on Thursday in Abuja urged motorists not to engage in panic buying of any petroleum products. A statement by the NNPC Spokesman, Mr Ndu Ughamadu, assured motorists that the Corporation had a robust stock of Petroleum Motor Spirit ( PMS ) otherwise known as petrol. According to the statement, […]
Read More For the umpteenth time, the Nigerian National Petroleum Corporation (NNPC) has denied it has a plan to execute an increase in petrol price. In a statement today by spokesman Ndu Ughamadu, the corporation gave assurance to motorists and other consumers of petroleum products that the pump price of petrol remains ₦143 per litre in NNPC […]
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The Nigerian National Petroleum Corporation (NNPC) may ban imported fuel with high sulphur content by December 31 this year, its General Manager, Group Public Affairs, Ndu Ughamadu, has said. NNPC had planned to ban petrol with high concentration of high sulphur content between July1, last year and last July 1, but was unable to do […]
Read More For the umpteenth time, the Nigerian National Petroleum Corporation (NNPC) on Monday dispelled rumours that it was tinkering with the idea of hiking the prices of petroleum products, especially petrol, ahead of the yuletide season. In a statement released in Abuja Monday, the national oil company said the prices of petroleum products both at the […]
Read More The Nigerian National Petroleum Corporation, NNPC, has indefinitely shut down two of the nation’s three refineries due to increase in their operational costs and several maintenance issues. According to correspondence, a top official of the corporation said Kaduna and Warri refineries had been down since July and yet to resume production till date. “Kaduna refinery, […]
Read More The Nigerian National Petroleum Corporation (NNPC) says the Nigerian Gas Processing and Transportation Company Ltd. (NGPTC), one of its subsidiary companies, declared a profit after tax of ₦15.81 billion in 2016. The NNPC disclosed this in Abuja on Sunday in a statement by its Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu. Ughamadu […]
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Nigeria is reviving its search for oil in the country’s conflict-riven northeast, aided by China and emboldened by gains made against Boko Haram. President Muhammadu Buhari’s government is exploring inland basins ranging from central Benue state to Boko Haram’s heartland in northeast Borno. Renewed attacks on oil and gas infrastructure in the southern Niger delta […]
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