Tag Archives: Nigeria National Petroleum Corporation

Senate to probe N3.4b NNPC/Agip security account

The Senate, on Tuesday, mandated its Committee on Public Accounts to investigate the rationale behind a security account allegedly operated by the Nigeria National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company. This followed the adoption of a motion moved by a senator belonging the All Progressives  Congress (APC) Dino Melaye from Kogi West. Moving the motion, Melaye said that ...

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NNPC’s losses rise by 1,5556% in one month

The group financial and operations losses of the Nigerian National Petroleum Corporation increased by 1,556.1 per cent from October to November 2017, the latest figures released by the oil firm have shown. Findings showed that the corporation’s losses had dropped from N2.81bn in September 2017 to N400m in October. But this could not be sustained as the oil firm’s deficit ...

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Kachikwu denies any plans to increase fuel price

Minister of State for Petroleum, Emmanuel Ibe Kachikwu, has denied news reports that the Federal Government was planning to increase the pump price of petrol, at present fixed at N145 per litre. The Director of Press in the ministry, Idang Alibi, on Thursday night, clarified the minister’s submission made to the joint committee of the National Assembly on Petroleum Downstream. ...

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