Tag Archives: NNPC

Northern youths under the aegis of the Arewa Youth Alliance for Development, on Monday, expressed concern over the lingering fuel scarcity in the country. The youth noted that the scarcity, which started manifesting following the alleged importation of fuel with methanol above the national threshold, had led to the resurgence …

The Office of the Auditor-General for the Federation has said the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, has failed to account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019. The office made the allegation in its 2019 audit report presently …

The Nigerian National Petroleum Company Limited on Wednesday explained that one of the key reasons modular refineries in Nigeria were not producing Premium Motor Spirit, popularly called petrol, was because of the regulated pump price of PMS by government. A modular refinery is a simplified refinery requiring significantly less capital investment …

While Seplat Energy Plc, a major energy company in Nigeria, has agreed to buy the shallow-water assets of ExxonMobil in the country, the crucial green light from the Nigerian National Petroleum Company Limited (NNPC) could come at a heavy cost. Mele Kyari, the group managing director of NNPC, has said …

Almost a month after the scarcity of premium motor spirit threw the country into an energy crisis, indications emerged, yesterday, that the situation may go from bad to worse, as prices at the pump rose to over N300 per litre in some filling stations across the country, especially those owned …

Chief Executive Officer of Nigerian National Petroleum Corporation, NNPC Limited, Mr. Mele Kyari said that the lingering fuel crisis and its attendant queues at the filling stations will ultimately disappear next week. Kyari said that there was already a receipt of 2.1 billion liters which would be distributed to normalize …

Nigeria’s  Minister of Finance, Budget and National Planning, Zainab Ahmed has restated the constitutional role of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), on the monitoring of accruals and disbursements of revenue from the Federation Account, pointing that the powers of the commission as constitutionally stated do not relate …

If the story of Nigerian local content will be told, the impacts of the Nestoil Group will be a recurring theme of any such discussion. This is because, since its entrance into the oil and gas sector in 1991, 19 years before the enactment of the Nigerian Oil and Gas …

The Head of Gas Ventures at Neconde Energy Limited, Engr Chichi Emenike has called on all stakeholders in the Oil and Gas sector in Nigeria to embrace a willing-buyer-willing-seller approach in the production and sale of gas across the entire value chain. Mrs. Emenike says this approach will attract the …

AOS Orwell has indicated its readiness to participate actively in the Nigeria LNG Train7 and Bonga South West Aparo Projects, two of the major oil and gas projects expected to commence soon in the country. The Managing Director, Femi Omotayo, at a discussion with journalists in Lagos, said AOS Orwell …