Despite President Muhammadu Buhari’s recent signing into law, of the Petroleum Industry Act (PIA) on Monday August 16, 2021, after years of back and forth movement,- an Act which provides legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of host communities, my recent ‘sojourn’...
NNPC
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, has attributed the increase in the pump price of Premium Motor Spirit to the hike in private depot prices. Alhaji Dele Tajudeen, Chairman, IPMAN Western zone, disclosed this an interview with the News Agency of Nigeria (NAN) on Tuesday...
About 58 illegal oil points have been discovered so far since the operation to end oil theft on the waterways of Delta and Bayelsa states began Ex-militant leader, Government Ekpemupolo also known as Tompolo, said this in a press briefing at Oporoza on Sunday where he also gave an...
PATRICK ABANG Calabar – Against the backdrop of poor roads infrastructure in Nigeria, The Chairman, Senate Committee on Federal Roads Maintenance Agency (FERMA), Senator Gershom Bassey has called on the presidency to clear the N1 trillion owed the agency as backlog, adding that the agency needs about N300 billion...
An ad hoc committee of the House of Representatives on Tuesday queried the implementation of the Escravos gas-to-liquids (EGTL) Gas Project. The committee said the project which should cost 2.9 billion dollars was quoted as 10.7 billion dollars. The committee on the Joint Venture of the NNPC limited, raised...
The Nigeria National Petroleum Company (NNPC Ltd) is collaborating with the Office of the Vice President on establishment of Gas Funding Company Ltd for injection of 20 million cylinders in the next five years. The NNPC Ltd said the company’s establishment, which involved collaboration of other relevant stakeholders and...
The Nigerian National Petroleum Company Ltd has debunked claim of operating a secret account. NNPC’s spokesperson, Garba Deen Muhammad said reports credited to the House of Representatives ad hoc Committee set up to investigate “The structure, accountability and production sharing contracts of the NNPC from 1990 to date”, which allegedly found...
The Federal Government has announced the arrest of 210 suspects in its efforts to combat crude oil theft in the Niger Delta. The Minister of Information and Culture, Alhaji Lai Mohammed gave the figure on Friday in Port-Harcourt after undertaking an aerial assessment of some hotspots along the Right...
Chief Timipre Sylva, Minister of State for Petroleum Resources, says there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the...
By EZEKIEL OBI, Abuja – Operatives of the Nigeria Police attached to the Inspector-General of Police Special Task Force on Petroleum and Illegal Bunkering (I-G-STFPIB) have raided illegal petroleum refining site in Edo. The Force Public Relations Officer, CSP Olumuyiwa Adejobi said this in a statement on Sunday in...
The sixth annual conference of the Guild of Corporate Online Publishers (GOCOP) has continued to gain traction across sectors with partnerships being forged among key institutions in the country. Chairman, 2022 Conference Committee, Mr. Ken Ugbechie, disclosed that some notable institutions have firmed up their partnership for this year’s...
The Comptroller General of the Nigeria Customs Service, Col. Hameed Ali, has questioned the figures for the daily consumptions of Premium Motor Spirit (PMS), popularly known as petrol. According to Col. Ali, if the Nigerian National Petroleum Corporation puts daily consumption of PMS at 60 million litres, why does...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Babagana Zulum on Friday directed the state Urban Development Board and the Borno State Police Command to unsealed the Borno State NNPP Secretariat in Maiduguri, describing the board’s decision as “wrong timing”. Zulum’s spokesman, Malam Isa Gusau, confirmed in a statement...
By SADIQ ABUBAKAR, Maiduguri – The Borno State Chapter of the ruling All Progressives Congress (APC) has distance itself from the sealing up of a residential building that was alleged to have been illegally converted to a Secretariat by the acclaimed leader of the New Nigeria Peoples Party (NNPP)...
The House of Representatives has summoned the Auditor-General of the Federation (AGF) to appear before it on Aug. 30, for explanation on fuel subsidy payments between 2013 and 2022. The lawmakers want the auditor-general to provide documentary evidences on the audit carried out on the monies spent on fuel...
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this on Monday, when he paid a courtesy visit to Gov. Hope Uzodimma of Imo at the Government House, Owerri. He described the...
Gov Samuel Ortom has disclosed that the reason Benue state and other states are struggling to pay salaries is due to poor allocations from the federal account. The governor, who spoke on Thursday when he was featured on Arise TV programme, Morning Show, said more than 20 states in...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started the new week with an assurance to its investors and stakeholders that the days of complacency were over. The assurance came following the repositioning of the company to focus on profitability and value addition to its shareholders. The GMD/CEO of...
By JOY ADARA, Abuja – The Nigeria National Petroleum Corporation (NNPC) Limited has said debunked some reports making the rounds that it is currently recruiting. The Group General Manager, Group Public Affairs Division, Mr Garbadeen Muhammad, stated this in a statement issued on Sunday in Abuja. Mr. Muhammad stated...