“Speak the truth. Transparency breeds legitimacy.” John C. Maxwell Former Vice President Atiku Abubakar, through a statement on January 25, 2024, asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3 billion emergency crude repayment loan. Atiku insisted that there were questions to be answered about the integrity of this deal…
President Muhammadu Buhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support…
The leadership of the House of Representatives has resolved the issues that led the Airlines Operators Association of Nigeria (AOAN) to threaten to shut down flight operations across the country. At a meeting that lasted over three hours at the National Assembly on Monday, the House leadership, led by Speaker Femi Gbajabiamila secured the commitment…
The Nigerian National Petroleum Corporation (NNPC) Limited, NNPC has cautioned Nigerians not to engage in panic buying of petrol, saying it has enough products for the country. The corporation in a statement released said the sudden appearance of fuel queues in parts of Abuja was due to low loadouts at depots, which usually happen during…
Following the recent issues generated by the supply of methanol blended petrol in some parts of the country, the Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) across the country within a short period. The Chief Executive…
The Minister of Finance, Budget and Economic Planning, Mrs. Zainab Ahmed, has recently in Abuja said that the Federal Government is still in consultation with various stakeholders on the need to end fuel subsidy. Mrs. Ahmed said this during an interaction with the Senate President, Mr. Ahmed Lawan, Honourable Minister of State Petroleum, Timipriye Sylva,…
By Adewole Kehinde “President didn’t order fuel subsidy removal, Lawan clarifies” was the major headline in the media on Wednesday according to the President of the Senate, Ahmad Lawan, after meeting Buhari at the Presidential Villa, Abuja, stating that he had gone to convey the feeling of constituents to him on some concerns, including the…
President Muhammadu Buhari Friday in Abuja urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, and transparency. Inaugurating the Board chaired by Senator Margery Chuba Okadigbo, the President charged them to…
President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act 2021. This was made known in a statement on Wednesday by the Special Adviser to the President on Media and Publicity, Femi Adesina.…
By Adewole Kehinde Frequent attacks on oil pipelines are worrisome due to its devastating environmental effects. It destroyed arable land for agriculture and caused economic losses in terms of revenue to the government. The sabotage of oil installations and the resultant repairs of pipelines have depleted Nigeria’s income around N898.93bn in 2021 according to a…