The group Nigeria Labour Congress has called on the Nigeria Federal Government against any possible hike in the pump price of petroleum products, especially Premium Motor Spirit, otherwise called petrol. According to report, the warning is coming as the retail stations of the Nigerian Petroleum Corporations in the Federal Capital Territory and its environs have increased […]
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The country National Petroleum Corporation NNPC has recorded a total loss of N127.73bn between January and August this year, its latest group financial report released on Wednesday showed. The report for the month of August, however, indicated that the national oil firm reduced its losses to N11.22bn in the month compared to the N24.18bn recorded in […]
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Former Petroleum Minister Mrs. Diezani Alison-Madueke and mother Beatrice Agama have been told by a London court that they may still have a case to answer regarding the £27,000 money laundering and bribery allegation made against her by the United Kingdom’s National Crime Agency (NCA). The ex-minister, who was first arraigned at the Westminster Magistrate’s Court […]
Read More The Petroleum Corporation in Nigeria has embarked on a more rigorous exploration for oil in the Gongola and other inland basin using the latest seismic data gathering technology. The NNPC Group Managing Director, Dr Maikanti Baru, in a statement on Saturday, said that the latest technology was similar to the ones used by neighbouring countries […]
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The Nigerian National Petroleum Corporation, NNPC, has restated its commitment to the development of Nigerian content in the oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti Baru, made the remarks in a keynote address at the Load out Ceremony of the Umblical Flow-lines and Risers (UFR) for the Egina Deep Offshore […]
Read More The Nigerian National Petroleum Corporation, NNPC, yesterday, announced a deficit of N24.18 billion for the month of July 2016. The NNPC, in its Monthly Financial and Operations Report for July 2016, stated that compared to a loss of N26.51 billion recorded in June. According to the report, the deficit was in spite of an improvement […]
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Former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, at the weekend called for further increase in the price of Premium Motor Spirit, also known as petrol, stating that the present price cap of N145 per litre was not in line with current economic realities. According to a statement by the NNPC, the […]
Read More The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has reeled out the damages inflicted on Nigeria’s oil industry by militants in Niger Delta. He said the activities of the terrorists on NNPC’s pipelines have become unbearable, and had led to substantial decline in the country’s crude oil production. “The 2016 […]
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Nigerian National Petroleum Corporation (NNPC) Group Managing Director Dr. Maikaniti Baru, has restated the mandate of president Muhammadu Buhari to the corporation for the continued hydrocarbon search in the Benue Trough to further boost the country’s production. Speaking while receiving a delegation from the Benue State Government in Abuja, Baru said the president had directed […]
Read More Dr. Maikanti Kacalla Baru, the Managing Director of the Nigerian National Petroleum Corporation (NNPC) has restate the Group commitment, he has said the NNPC under his watch will continue with the previous initiatives to further grow the business and increase profitability as envisioned by the founders of the Corporation.He made this assertion during his maiden […]
Read More The Nigerian National Petroleum Corporation has hinged the inability of the country to reach the Four million production and 40 billion reserve target on funding constraints, infrastructure vandalism, security concerns and a host of others. According to GuardianNG, the Group Managing Director of NNPC, Dr. Maikanti Baru, who made this disclosure during the conference organised […]
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Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Thursday declared that the 2016 national budget was grossly impacted by the vandalism of crude oil pipelines in the Niger Delta region, resulting in a loss of N51.3bn, report by Punchng. Baru also appealed to the military to help secure critical oil and gas […]
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