Tag Archives: Nigerian National Petroleum Corporation

The House of Representatives is unhappy over the lingering scarcity of petrol in the country and has asked the Executive to submit a N800bn supplementary budget to the National Assembly to offset the debts allegedly owed fuel marketers. The House Committee on Petroleum Resources (Downstream) stated, in Abuja, on Sunday, that if offsetting the debts would end the scarcity, it ...

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Thursday, directed the Nigerian National Petroleum Corporation (NNPC) to ensure that petrol queues were cleared in Abuja before Sunday. Kachikwu gave the directive at a world news conference to intimate journalists on the upcoming international oil and gas conference and exhibition tagged the Nigerian International Petroleum Summit (NIPS). According to ...

A filling station manager has been arrested by the Nigerian Security and Civil Defence Corps (NSCDC), in Abuja, for allegedly diverting 26,000 litres of petrol, the Nigerian National Petroleum Corporation (NNPC) has said. The Group General Manager, Group Public Affairs Division of the corporation, Ndu Ughamadu, disclosed this in a statement sent to PREMIUM TIMES. The statement said about 26,000 ...

The Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have notified the federal government that the debt of N800 billion owed to their members have almost crippled their businesses and stands to worsen the ongoing fuel crisis in the country. The situation, they added, also threatens 30,000 jobs in the downstream sector. The ...

Nigerian National Petroleum Corporation (NNPC) has promised to support Unity Schools Old Students Association (USOSA) and Usman Dan Fodio University, Sokoto, in the quest to promote quality education. The spokesperson for NNPC, Mr Ndu Ughamadu. said in a statement in Abuja on Friday that the NNPC Group Managing Director, Dr Maikanti Baru, made the pledge when he received a delegation ...

The Nigerian National Petroleum Corporation,NNPC, has said it will take delivery of two cargoes of petrol per day for the rest of February to boost supply and eradicate queues.

The Nigerian National Petroleum Corporation (NNPC) has blamed security challenges for the non-commencement of oil exploration in the Chad Basin. The General Manager, Frontier Exploration Services of NNPC, Mazadu Bako, stated this at the 50th anniversary celebration of Geology Department, Ahmadu Bello University (ABU), Zaria. The golden jubilee was marked in honour of the pioneer Head of the Geology Department, ...

Explorationists, under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE), have advocated a new paradigm in oil and gas operations in order to align with current trends of technology in the industry. The Association said, during its January edition of the Monthly Technical Meeting in Lagos, that the business of exploration had evolved, hence changes in the current ...

The Nigerian National Petroleum Corporation (NNPC) has said it received a total sum of N5.1tn as payments for subsidy on premium motor spirit (petrol) between 2006 and 2015. It said that the payments were approved by the Petroleum Products Pricing Regulatory Agency, and that it was still being owed N170.6bn by the Federal Government. The Group Managing Director of NNPC, ...

Crude oil export revenue by Nigerian National Petroleum Corporation (NNPC) fell sharply by one-half in November 2017 to $113.97 million. The information, contained in the corporation’s financial report for November 2017, shows that the drop in crude oil revenue accounted exclusively for a drop of 25.7% in total crude oil and gas sales proceeds – which amounted to $239.10 million at ...