Tags: nnpc

How House of Reps. Resolved Airlines’ Strike Dispute

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…

NNPC Reassures Nigerians on Fuel Supply, Promises Remedial Action on Defaulting Importers

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…

Fuel Subsidy Removal, Government Still In Discussion – Finance Minister

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,…

Petroleum Subsidy Removal: You Gave Approval As Soon As You Signed That Bill

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…

Buhari Demands Transparency, Accountability from New NNPC Board

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…

Buhari Appoints Board and Management of NNPC Limited

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.…

Pipeline Vandalism; A Major Challenge to Nigeria’s Economy

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…

Now That PIA Has Eliminated Subsidy; Nigerians Must Face the Reality

By Adewole Kehinde On November 23, the Group Managing Director/Chief Executive Officer of NNPC Limited Mallam Mele Kyari projected that petrol would sell for between N320 and N340 per litre from February 2022. He stressed that Nigeria would be out of the subsidy regime in the first quarter of 2022. Mallam Kyari explained that the…

We can use Big Data to boost Nigeria’s oil revenues – Huawei

Technology solution provider, Huawei has stated that Nigeria can leverage its Big Data products to improve oil revenue as part of its digital transformation technology solutions available for the oil and gas sector. Until 2020, the Nigerian National Petroleum Corporation (NNPC) had been operating for 44 years at a loss which experts say, is occasioned…