Tag: NNPC.
Oil benchmark to stabilise by April – NNPC
The Nigerian National Petroleum Corporation (NNPC), said 38 dollars per barrel oil benchmark is feasible by April as projections suggest…
NNPC records N267 billion loss
The Nigerian National Petroleum Corporation (NNPC) has announced a loss of N267.14 billion in its activities in 2015. This is…
FG to save $1bn as NNPC ends crude oil swap
The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu,…
KPMG, SIAO to audit NNPC, NIMASA, NPA, 78 other agencies
Audit firms, KPMG and SIAO will carry out forensic audit on 81 revenue generating agencies in Nigeria including NNPC, NIMASA,…
Fire guts Abuja NNPC mega station
The Nigerian National Petroleum Corporation (NNPC) mega station at the Central Business District in Abuja has been gutted by fire.…
Pipeline Sabotage: NNPC shuts Port Harcourt, Kaduna refineries
The Nigerian National Petroleum Corporation, NNPC on Wednesday announced the operational shutdown of the Port Harcourt and Kaduna Refineries owing…
Fire guts NNPC Mega Station Dutse
Fire on Tuesday gutted the Nigerian National Petroleum Corporation (NNPC), Mega Station in Dutse, NAN reports. A staff of the…
NNPC to build new fuel stations in all senatorial districts
…kick starts retail outlets expansion project In a deft move designed to ensure efficient distribution and country-wide penetration of petroleum…
IPMAN refutes report on purported nationwide strike
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday debunked an alleged report that some of its members had…
NNPC wins Reuters 2015 Oil Deal award
For conceptualizing, structuring and delivering an oversubscribed deal in a challenging macro-economic environment, the Joint Finance Team of the Nigerian…
Marketers in Imo blame petrol price hike on NNPC
Petroleum Product Marketers in Imo have blamed the hike in the pump price of petrol across the state on the…
Nigeria’s refineries back in production – NNPC
Nigeria’s struggling oil refineries are back in production and making enough gasoline to help “stabilise” its availability in the country,…
Buhari set to establish committee to fast-track NNPC reforms
President Muhammadu Buhari said an inter-ministerial committee would soon be established to speed up the re-organisation and reformation of the…
New pump price: Filling stations in Ogun yet to comply
Abiodun Onafuye/Abeokuta Most filling stations in Ogun state, western Nigeria, are yet to comply with the federal government directives on…
Kaduna Refinery begins daily supply of 3.2m litres of petrol – NNPC
The Kaduna Refining and Petrochemical Company (KRPC) has begun daily production of 3.2 million litres of petrol. This is contained…
NNPC orders special supply of petrol for hitch-free Yuletide
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has directed relevant agencies to embark on special supply of…
I’ll transform petroleum sector in one year – Kachikwu
Dr Ibe Kachikwu, the Minister of State for Petroleum, has promised to bring about fundamental change in Nigeria’s oil sector…
Vandals stole N50bn worth of petrol from single pipeline, says NNPC
Vandals stole nearly $250 million worth of petrol from a single pipeline in Nigeria in the first nine months of…
NNPC engages DSS, EFCC to curb hoarding of petroleum products
The Nigerian National Petroleum Corporation, (NNPC) has engaged the Department of State Services (DSS) and Economic and the Financial Crimes…
DPR supplies 294 trucks of PMS in Abuja
The Department of Petroleum Resources (DPR) said that 149 trucks loaded with petrol were supplied to Abuja and its environs…
NNPC begins 24 hour fuel supply to curb scarcity
The Nigerian National Petroleum Corporation said it has begun a 24 hour fuel supply in its depots nationwide to battle…
Oil, gas sector facing sharp low revenues, says Kachikwu
The Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Dr Ibe Kachikwu on Monday said the industry was facing…
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Nigeria hits goldmine, finds crude oil in Lake Chad area – NNPC
Nigeria is “on the verge of a significant oil find” in the Lake Chad area of the northeast, NNPC managing…
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Oil Trade: NNPC says bye bye to middlemen, set to deal directly
Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers…
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NNPC records N5.53bn loss in sale of petroleum products in Sept.
The Nigeria National Petroleum Corporation (NNPC), says it recorded N38.67billion from the sale of downstream petroleum products in September down…
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Delay in passage of PIB hurting Nigeria’s economy – Kachikwu
Nigeria looks set to unbundle a long-awaited oil law to speed up its passage through parliament, potentially unlocking billions of…
NNPC launches televised bidding for oil contracts, to cut deals by a third
Nigeria’s state oil firm NNPC began auctioning annual crude term contracts on live television on Tuesday and vowed to cut…
91 companies bid for NNPC’s coastal bunkering vessels service
The Nigerian National Petroleum Corporation, (NNPC) has began the public opening of technical bids submitted by 91 companies to secure…
Kachikwu to lecture in Lagos on leadership
Eromosele Ebhomele Group Managing Director of the Nigerian National Petroleum Corporation and ministerial nominee, Dr. Ibe Kachikwu, is to present…
Oil price drop damage data transparency drive in Nigeria – NNPC
Reuters – Proceeds from Nigeria’s oil receipts fell by two-thirds between September 2014 and July this year, the state oil…