The Nigerian National Petroleum Company Limited (NNPCL), has said it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged indebtedness by the company and Federation Accounts Allocation Committee (FAAC). Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, said this...
NNPC
By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that over US$15 billion oil revenues, and N200 billion budgeted to repair the refineries in Nigeria are missing and unaccounted...
The Lagos and Kwara States government as well as the Nigerian National Petroleum Company (NNPC) Limited, Nigeria Customs Service (NCS) are drumming support for the 7th annual conference of the Guild of Corporate Online Publishers (GOCOP), scheduled for Thursday, October 5 at the Abuja Continental Hotel (Old Sheraton)...
The Movement for the Survival of Izon Ethnic Nationality in the Niger Delta (MOSIEND) has advocated inclusion Chief Ateke Tom and Alhaji Asari Dokubo in next phase of pipeline surveillance contracts. The Niger Delta group noted that involving the two ex-militant leaders in protecting oil assets would...
The House of Representatives ad hoc committee investigating crude oil theft has insisted on the appearance of the Group Chief Executive Officer of Nigeria National Petroleum Company Ltd (NNPC) and others before the committee. They include the Nigeria Maritime Administration and Safety Agency (NIMASA) and the Nigeria Inland...
By EMMANUEL KUJE, Abuja – The Human and Environmental Development Agenda (HEDA Resource Centre), a preeminent non-profit organization devoted to championing transparency, accountability, and robust governance in Nigeria, has formally initiated an information request to the Nigerian National Petroleum Corporation Limited (NNPCL). NATIONAL ACCORD reports that...
By SADIQ ABUBAKAR, Maiduguri – President Bola Ahmed Tinubu on Friday laid foundation stone for the establishment of 1,350 megawatts Gwagwalada Independent Power Plant (GIPP) Project sited in Gwagwalada area council of the FCT. The project is being carried out through a partnership between the Nigerian National...
The Nigerian National Petroleum Company (NNPC) Ltd., has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview with newsmen shortly after a private meeting with...
Nigerian National Petroleum Company Limited (NNPC Ltd) retail outlet has increased pump price in Abuja, Jos, and Lagos. The new pricing came into effect on Tuesday morning. Reports said that the NNPCL Retail outlet was now selling fuel at N617 per litre in Abuja. In a related development, the...
Decree 33 of 1977 saw to the birth of the Nigeria National Petroleum Corporation (NNPC) on April 1 of that year through the merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. The main purpose was for it to add value to...
Former Governor of Bauchi State, Isa Yuguda, on Monday said that up until the time of its removal, the fuel subsidy has mostly been a scam run by the Nigerian National Petroleum Company (NNPC) in conjunction with marketers and other stakeholders in the oil sector.i Yuguda who also was...
The Nigerian Navy has described as spurious, the allegations by ex-Niger Delta militant leader, Asari Dokubo, that some cabals in the military are involved in oil theft in the region. Dokubo made the claims when he visited President Bola Tinubu in Abuja on Friday. Reacting to the accusation, the...
The Nigeria Labour Congess (NLC) has declared a nationwide strike from next Wednesday. This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”. NLC President Joe Ajaero made the announcement after an emergency meeting of...
In the last few days, infact, since President Tinubu made his inauguration pronouncement about subsidy, tongues have been wagging as to the propriety of this declaration. Let us first establish a few basic facts that are eternally unassailable. One, all the major contenders for the number one position, promised...
The Nigeria Labour Congress (NLC) has urged the Federal Government to immediately instruct the Nigerian Petroleum Company Ltd (NNPCL) to withdraw the just released pricing template to allow free flow of discussions by the parties. Mr Joe Ajaero, the NLC President, made the call in a statement signed by...
Nigerians have expressed concern over the implementation of subsidy removal in spite of President Bola Tinubu’s assurance that it would not take effect immediately. A cross section of residents of Ibadan, Oyo State, expressed their feelings on Wednesday in separate interviews with the News Agency of Nigeria (NAN) in...
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday adjusted the pump price of Premium Motor Spirit (PMS) across its retail outlets, in line with the current market realities. The News Agency of Nigeria (NAN) reports that the adjustment by NNPC Ltd. was triggered by the pronouncement of...
Federal Government representatives are expected to meet with the leadership of the Nigeria Labour Congress (NLC) today by 2pm over the planned removal of fuel subsidy. “Government seems to have shown interest in discussion. As at last night, they reached out and we have fixed 2pm today (Wednesday) to...
Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA). Kyari said this would help to diversify their energy sources into a sustainable and low-carbon energy...