Nine months after the Senate resolved to investigate alleged $25b contract scam in the Nigerian National Petroleum Corporation (NNPC), no positive step has so far been...
The Nigeria Labour Congress has said that it is unacceptable for the Federal Government not to make provision for petrol subsidy in the 2018 budget. It...
A downstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, has been directed to target 30% market share of petroleum products distribution business...
The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Ports Authority (NPA) have expressed readiness to ensure seamless reception of petroleum products into the various ports...
Failure by the President Muhammadu Buhari-led administration to reform the oil and gas sector has pushed the Nigerian National Petroleum Corporation (NNPC)’s revenue loss to over...
The governors of the 36 states of the federation are canvassing a novel initiative that will see each state taking responsibility for subsidising petroleum products consumed...
It has been revealed that several revenue generating agencies in Nigeria shortchanged the government of N526 billion and $21 billion between 2010 to 2015. This was...
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry...
The Nigerian National Petroleum Corporation (NNPC) Sunday said it has appointed Mallam Mele Kyari, the Group General Manager in charge of its Crude Oil Marketing Division,...
The Nigeria National Petroleum Corporation (NNPC), on Tuesday, rescinded Vice President Yemi Osinbanjo’s statement over the payment of fuel subsidy, saying the federal govoernment is responsible...
Despite the flooding of the Nigerian market with petrol by the Nigerian National Petroleum Corporation (NNPC), which has led to the sale of the product at...
The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, on Wednesday stated that the corporation would ensure zero routine flares from all the...
Just like last month, the Federation Account Allocation Committee (FAAC) on Wednesday failed to meet as scheduled to consider and approve statutory allocation for the month...
April salary of civil servants across states is under threat with Federation Account Allocation Committee (FAAC) session abruptly adjourned yesterday on account of Nigerian National Petroleum...
The Nigerian National Petroleum Corporation (NNPC) announced yesterday that it has completed the outstanding audit on its financial statements from the years 2011 to 2016, but...
The Nigerian National Petroleum Corporation (NNPC) has said it is working to expand its network of retail stations nationwide. Group Managing Director of the corporation, Dr....
Three revenue generating agencies of the federal government: Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Nigerian National Petroleum Resources (through the Department of...
The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum...
The National Assembly on Wednesday finally passed the Petroleum Industry Governance Bill (PIGB) after years of failed attempts. The bill was passed by the Senate after...
The monthly Federal Account Allocation Committee (FAAC) meeting which held on Tuesday was inconclusive. States aborted the meeting over discrepancies of about N37.76 billion in revenue...
Human rights lawyer, Femi Falana (SAN), has lambasted the Nigerian National Petroleum Corporation (NNPC), for rejecting request for accountability sought under the Freedom of Information Request...
THE N744 million under recovery or fuel subsidy currently incurred by Nigerian National Petroleum Corporation, NNPC, is set to drop as the landing cost has already...
The Nigerian National Petroleum Corporation (NNPC) says that it has been able to bring down the cost of producing a barrel of crude oil to $20....
The Peoples Democratic Party (PDP) has dismissed the claim by the Nigeria National Petroleum Corporation (NNPC) that it spends N24 billion monthly and N774 million per...
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has claimed that the corporation is currently incurring an under recovery...
The Nigerian National Petroleum Corporation (NNPC) and the Kogi State Government have signed a Memorandum of Understanding for the development of a fuel-ethanol processing plant that...
The lingering fuel crisis has attracted the attention of OurMumuDonDo Movement led by popular musician turned social crusader, Charles Oputa (a.k.a Charly Boy). The group will...
The Minister of State for Petroleum Resources, Ibe Kachikwu, Thursday directed the Nigerian National Petroleum Corporation (NNPC) to end fuel queues in Abuja before Sunday. Kachikwu...
Worried by the continued scarcity of fuel products in many parts of the country and the accompanying queues, the Nigerian National Petroleum Corporation (NNPC) says it...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Friday in Abuja appealed to the leadership of the Nigeria Union...
President of the Senate, Bukola Saraki, Monday claimed that the Nigerian National Petroleum Corporation (NNPC) had continued to engaged in corrupt practices despite frantic efforts to...
By Prof. Nyerhovwo Tonukari… Price controls are regarded by economists as one of the worst forms of intervention in markets. Over the years, the history of...
The Senate, on Thursday, issued a seven-day ultimatum to the Federal Government and the Nigerian National Petroleum Corporation (NNPC), to end long queues in petrol stations...
Senators serving as members of the Ad-Hoc Committee on the Investigation of the Local Content Elements and Cost Variations of the $16 billion Egina Offshore Oil...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has decried data inconsistencies in the production and lifting of oil by Nigerian National Petroleum Corporation (NNPC), Department of...
THERE seems to be no end to the alleged mind-boggling financial misappropriation in the former President Goodluck Jonathan administration. In the centre of it all is,...
The Nigerian National Petroleum Corporation has commenced the direct supply of Premium Motor Spirit, popularly known as petrol, to independent oil marketers in order to effectively...
No less than 254 companies bidding for Nigeria’s crude oil purchase and lifting contract for the period 2018/2019 were on Tuesday unveiled by the Nigerian National...
The Nigerian National Petroleum Corporation (NNPC) says the Escravos-Lagos Pipeline (ELP), which got burnt by fire, disrupting power supply, has been fixed. Ndu Ughamadu, spokesman of...
The Dangote refinery is a private venture but there is no denying that the Nigerian government interest in the project is high as it is banking...
The Federal Government, on Thursday, said the current fuel scarcity may persist till June, 2019, when government and private refineries will fully come on stream. It...
The Senate has reacted to an alleged claim by the Chief of Staff to the President, Abba Kyari, that the National Assembly was responsible for the...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has all but exonerated marketers from any blame in the scarcity of Premium Motor Spirit (PMS)...
Oil marketers say it is no longer sustainable to sell petrol at the rate of N145 per litre, citing hurricane in the US and the stoppage...
The Nigerian National Petroleum Corporation (NNPC) claims it has successfully cleared petrol queues in Abuja and Lagos and has moved to increase truck-outs to other states...
The Nigerian National Petroleum Corporation (NNPC) has disclosed that President Muhammadu Buhari directed it to subsidise the pump price of petrol for Nigerians, a revelation that...
Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says petrol scarcity which he maintained was the result of “rumoured price increase” has...
With the ongoing fuel crisis and the untold hardship it is presently unleashing on Nigerians, President of the Senate, Bukola Saraki, on Thursday, directed the Senate...
The Peoples Democratic Party (PDP) has accused the Federal Government of providing cover for huge sleaze directly involving All Progressives Congress (APC) interests and urged its...
Ekiti State Governor Ayodele Fayose has challenged Vice President Yemi Osinbajo to admit that the Federal Government was responsible for fuel subsidy payments following his comment...
