NNPC
Page: 2
An official of the NNPC Limited has revealed that with N5 million only, anyone can smuggle trucks of petroleum products out of Nigeria. The Chief Financial Officer of NNPC Limited, Umar Ajia, disclosed this on Monday while appearing before the House of Representatives committee investigating fuel subsidy in Nigeria. Mr Ajia, who represented […]
The Concerned Northern Forum (CNF), in conjunction with some civil society groups, has called on President Muhammadu Buhari to remove the subsidy on petrol. The group also kicked against the N48 billion pipeline security contract awarded by the federal government to Government Ekpemupolo, popularly known as Tompolo, an ex-militant leader. Addressing a press […]
The Nigerian National Petroleum Company Limited has reportedly offered a “tempting” package for workers willing to accept voluntary retirement. The group chief executive officer of the company, Melee Kyari, gave assurance that none of the 7,000 workers would be sacked and that the Petroleum Industry Act (PIA) did not prescribe such a measure. He […]
President Muhammadu Buhari gave a directive on Thursday that the providers of substandard fuel must be held accountable. This was signed in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu. Buhari ordered that producers and providers of consumable products be held accountable for substandard services and or products […]
The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of ₦141.96 billion recorded in June 2021, compared to a deficit of ₦37.46 billion in May 2021. A statement by Garba Muhammad, Group General Manager, Group Public Affairs Division, NNPC, on Sunday stated that this was contained in the June 2021 figures […]
Workers at the government-owned refineries were paid a total of N69.07bn last year, even as the plants generated zero revenue as they did not process a single barrel of crude oil. The PUNCH reported that the refineries suffered a combined loss of N108.29bn in 2020, compared to N162.22bn in the previous year, according to […]
The Federal Executive Council presided over by Vice President, Yemi Osinbajo, has approved the sum of $1.484 billion for the rehabilitation of both Warri and Kaduna refineries. The rehabilitation of Warri and Kaduna refineries awarded to Messers Saipem SPA and Saipem Contracting Limited at the combined total sum of $1.484 billion, will be rehabilitated […]
….Palace bans partying for three months to mourn deceased monarch Descendants of the Itsekiri nation from across the country, yesterday, gathered at Ode-Itsekiri, the ancestral home of the Itsekiri people, to herald the unveiling of the Olu designate, Prince Utieyinoritsetsola Emiko, 37. The transition ritual began when one of the chiefs gave a […]
Niger-Delta Nonviolence Agitators Forum, NDNAF, has weighed in on the debate over the £4.2 million repatriated from the United Kingdom, urging the Federal Government to return the money to the Delta State coffers. The agitators also passed a vote of confidence on the Minister of State, Petroleum Resources, Chief Timipre Sylva “for his innovations […]
The governors of the 36 states in Nigeria, under the umbrella of the Nigeria Governors’ Forum (NGF) will meet on Wednesday to discuss issues related to petrol subsidy and COVID-19 vaccines. The governors made the disclosure in a statement issued in Abuja on Monday by Mr Abdulrazaque Bello-Barkindo, the Head, Media and Public Affairs […]
Crown FM Onitsha