The Group Executive Director Upstream of the Nigeria National Petroleum Corporation, NNPC, Bello Rabiu, says about $1.8 billion is used every three months to bring Premium Motor Spirit, PMS, commonly called petrol, into the country. Rabiu made this disclosure on Wednesday while speaking with State House Correspondents in Abuja. The NNPC top shot explained that…
The Nigerian National Petroleum Corporation, NNPC, has reacted to an editorial of Punch newspaper of Monday, April 11, 2016, titled ‘Audit Report: Tame NNPC Now’. In a statement signed by the Corporation’s management, it said the editorial contains some errors, which it highlighted. Read the rejoinder below: The Nigerian National Petroleum Corporation (NNPC) acknowledges the…
There is currently a move by the National Assembly to scrap the Department of Petroleum Resources, DPR; the Petroleum Products Pricing and Regulatory Agency, PPPRA; and the Nigeria National Petroleum Corporation, NNPC, Leadership reports. This will be done through the new version of the Petroleum Industry Bill, PIB, and the Petroleum Industry Governance Bill, PIGB.…
The Nigeria National Petroleum Corporation, NNPC, has confirmed that nine companies have so far submitted bids for the co-location of refineries in the country. This is contained in a statement signed by Group General Manager, Group Public Affairs Division, Garba Deen Muhammad, on Thursday in Abuja. The statement explained that the NNPC is committed to…
The Nigerian National Petroleum Corporation, NNPC, has assured Nigerians that the lingering petrol scarcity would soon be a thing of the past. The Corporation made this assurance via a statement released on its verified Twitter and Facebook pages on Thursday morning. NNPC said it is working tirelessly to take the queues off the petrol stations…
Nigerians may have to suffer a little bit longer if comments by the Federal Government on the lingering fuel scarcity are anything to take serious. This is because the government has categorically emphasised that Nigerians may continue in the anguish of petrol dearth at least for the next two months. Minister of State for Petroleum,…
The Nigerian National Petroleum Corporation, NNPC, has announced a major reshuffling in the organisation. A press statement issued by the Corporation on Friday disclosed there are new appointments, redeployment and secondments into its key positions. The appointments, the statement said, take effect immediately, while the new unit heads are expected to resume fully by April…
The industrial action embarked upon by employees of the Nigerian National Petroleum Corporation, NNPC, nationwide has been called off with immediate effect. On Wednesday morning, the National Union of Petroleum and Natural Gas, NUPENG, and the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASAN, shut down NNPC locations in the country to protest…
Employees of the Nigerian National Petroleum Corporation, NNPC, have embarked on an indefinite strike following the unbundling of the corporation by the Federal Government on Tuesday. Yesterday, the Minister of State for Petroleum Resources, Ibe Kachikwu, announced that the government has unbundled NNPC into seven units namely downstream, refineries, gas and power, finance and accounts,…
The Nigerian National Petroleum Corporation, NNPC, has finally been unbundled into seven independent operational units. This was approved on Tuesday by President Muhammadu Buhari and it takes immediate effect. The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts. According to the Minister of…