No fewer than 600 insurance brokers have bided for the 2018/2019 insurance contracts of the Nigerian National Petroleum Corporation, NNPC. According to an insurance industry observer, the NNPC account is the juiciest in the industry adding that the insurance brokers that succeed in the bid need no other business to have a successful financial year. […]
Read More
The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account by the Senate, clarifying that there was nothing illegitimate about it. In a statement, the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, said the clarification was made […]
Read More
The Nigerian National Petroleum Corporation, NPPC, says it has 2.6 billion litres of petroleum products offshore and onshore in Lagos State to meet the nation’s demands. Mr Isiaka Abudulrasaq, the Chief Financial Officer of NNPC gave the assurance in an interactive session with journalists in Lagos on the corporation’s stewardship to Nigerians in Lagos on […]
Read More
As tongues wag over the award of oil infrastructure surveillance contract to an indigenous firm, Ocean Marine Solutions for the protection of the strategic 87-kilometre Trans Forcados Pipeline (TFP), the management of the Nigerian National Petroleum Corporation (NNPC) on Tuesday said breaches from the earlier contract cost the Corporation a whopping $800 million. Spokesman of […]
Read More The Nigerian National Petroleum Corporation, NNPC, has said it is committed to growing local consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, with improved supply program for the domestic market. It also noted its desire to grow Nigeria’s share of the global Liquefied Natural Gas (LNG) market to 10 per cent, even […]
Read More
The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that it would shut down its business units that are not performing to set standards. According to a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, stated that in line with this, the corporation had signed performance agreements with his management team to […]
Read More
The declining global oil price in the last one week may shatter Federal Government’s economic projections for 2019 as well as impact adversely on its Medium Term Expenditure Framework, MTEF, if the trend is not reversed soon. Data from the Organisation of Petroleum Exporting Countries, OPEC, shows that prices are still trending down hitting a […]
Read More The Nigerian National Petroleum Corporation, NNPC, has again assured the Nigerian public that the ugly experience witnessed last year, during the Christmas and New Year festivities due to scarcity of petroleum products will not happen again this year. The Group Managing Director of NNPC, Dr. Maikanti Baru, made the pledge at the just concluded Lagos […]
Read More The Nigerian National Petroleum Corporation, NNPC, has indicated it would be looking to oil explorationists under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE) to support its aspirations to grow Nigeria’s crude oil reserves to 40 million barrels. Based on this, the Group Managing Director of the NNPC, Dr. Maikanti Baru, recently urged […]
Read More
The Nigerian National Petroleum Corporation has said it can sign crude-for-product deals with Shell and ExxonMobil, similar to the one signed with BP last week. The NNPC announced last Wednesday that it had signed such a deal with BP and would provide more details later. “Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria […]
Read More
Senate President, Bukola Saraki, has said that the Senate, on resumption of plenary, would probe the claim that the Nigerian National Petroleum Corporation, NNPC, diverted the dividends from the Nigerian Liquified Natural Gas, NLNG, to defray the cost of under-recovery in the importation of fuel. Saraki, while reacting to questions from newsmen at the Ilorin […]
Read More
Mr. Osahon Asemota is the Managing Director of Mettle Energy and Gas. In this interview, the Edo State born business mogul speaks on the recent controversy over the supply of 10, 000 tons of petroleum products worth over $11 million from TRAFIGORA, a leading world marketing company of petroleum product by his company. He used […]
Read More
