Business Oil & Gas Power & Energy

NNPC advises PMS consumers to ignore rumour of imminent price hike

Ihesiulo Grace 12 July 2019 0

Micheal Ajayi The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum product consumers to ignore the trending rumour of a planned hike in the pump price of petrol. The Premium Motor Spirit, popularly known petrol according to the corporations Group Public

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Nigeria’s crude production hits 2.3mbpd, says NNPC

Ihesiulo Grace 19 June 2019

…Targets production cost of $20 per barrel Micheal Ajayi The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says Nigeria’s daily oil production has increased to 2.32 million barrel per day (bpd). The NNPC boss disclosed this on Tuesday, while hosting the executive members of the Nigerian Union of Journalists […]

Oil & Gas

NNPC resolves to encourage local investors

Ihesiulo Grace 24 March 2018 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has restated the corporation’s commitment to support indigenous companies operating in the oil and gas industry to grow to their fullest potential.   The GMD who stated this in Lagos on Thursday at the official unveiling of 11 new helicopters to […]

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Fuel scarcity now a thing of the past- Baru

Ihesiulo Grace 1 March 2018 0

The Group managing Director of the NNPC Dr. Maikanti Baru, has insisted that the management’s recent engagement with relevant stakeholders on the marketing of oil products, has actually laid the lingering product scarcity to rest. Baru, who insisted that fuel scarcity was caused by greedy marketers, explained that the corporation had been collaborating with sister […]

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Baru warned workers on service delivery

Ihesiulo Grace 26 February 2018 0

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has charged oil and gas workers across the country to work assiduously towards proffering viable solutions to the industry’s numerous challenges. Baru, who made the call during the closing ceremony of the 17th edition of the Nigerian Oil & Gas Industry Games […]

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NNPC mulls PPP arrangements for oil, gas pipelines

Ihesiulo Grace 2 February 2018 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNC), Dr. Maikanti Baru, has urged the new board of a downstream subsidiary companies, the Nigerian Pipeline Storage Company (NPSC), to partner with the private sector to build more pipelines parallel to the corporation’s existing ones. Baru, who gave this charge, while inaugurating the new […]

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NPDC Targets 500,000 Barrels of Crude Oil Per Day Production

Ihesiulo Grace 26 January 2018 0

An upstream subsidiary of the Nigerian National Petroleum Corporation NNPC, The Nigerian Petroleum Development Company (NPDC), says it is ready to increase its daily crude oil production to 500,000 barrels per day before 2022. This target was announced by the Group Managing Director of the NNPC, Dr. Maikanti Baru, during the inauguration of the board […]

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Fuel scarcity: Baru berates FG over porous border

Ihesiulo Grace 26 January 2018 0

…Says NNPC Can’t Guarantee effective distribution The Nigerian National Petroleum Corporation (NNPC) has raised alarm over the sustained nefarious activities of some cross-border fuel smuggling syndicates and hoarders which have so far impeded efforts by the Corporation to sanitize the fuel supply and distribution matrix across the country. Dr. Maikanti Baru, Group

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NNPC, DPR intensify raid on errant fuel stations

Ihesiulo Grace 29 December 2017 0

The combined team of officials of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR), led by the Group Managing Director of the NNPC, Dr. Maikanti Baru, has heightened the tempo of unscheduled visits to fuel stations across the Federal Capital Territory suspected to be involved in underhand dealings. The raid, […]

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Fuel distribution: NNPC moves to secure downstream assets

Ihesiulo Grace 30 October 2017 0

…as 34 firms bid for corporation’s security services The Nigerian National Petroleum Corporation (NNPC) has said that it has mapped out strategies to boost security around its depots and pump stations to ensure they remain functional. The NNPC said that this measure is part of efforts to consolidate on the successes recorded in the steady […]

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Over 2 bln liters of Petrol reserved for Christmas- Baru

Ihesiulo Grace 18 October 2017 0

NNPC boss assures Nigerians of Hitch free movement, adequate PMS supply Idu Jude Abuja To ensure no panic buying of petroleum products across Nigeria towards the end of the year festivities, The Nigerian National Petroleum Corporation (NNPC) claims it has stock of over 2 billion liters of Premium Motor Spirit (PMS), also known as petrol, […]

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$25bn NNPC contracts non-existing – Presidency

Ihesiulo Grace 16 October 2017 0

Mathew Dadiya, Abuja The Federal Government on Sunday made its position clear over the controversy at the Nigerian National Petroleum Corporation (NNPC) over the purported leaked memo of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who accused the NNPC Group Managing Director, Dr. Maikanti Baru, of insubordination and high-handedness in the management

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Kachikwu vs Baru: Economist berates Buhari over role in face-off

Ihesiulo Grace 13 October 2017 0

.Wants President to hand off Petroleum Resources portfolio . Says NNPC boss, partners in Presidency guilty of economic crimes, sabotage .Osinbajo: I approved NNPC’s joint venture financing contracts Ganiyu Obaaro, Lagos & Myke Uzendu, Abuja Renowned economist and former university don, Dr. Kayode Familoni, has accused President Muhammadu Buhari of being a biased umpire

Nigeria Top Stories

“I approved NNPC contracts” – Osinbajo

Ihesiulo Grace 12 October 2017 0

Vice President, Prof. Yemi Osinbajo, has taken responsibility for granting authorisation to the NNPC for two oil contracts worth ₦640 billion. A statement by his spokesperson, Laolu Akande, said Prof. Osinbajo approved the contracts in his capacity as acting president in July. “In response to media inquiries on NNPC joint venture financing, VP Osinbajo, as […]

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Ministry responds to leak of Kachikwu’s letter

Ihesiulo Grace 3 October 2017 0

The Ministry of Petroleum Resources has responded to the leak of the Minister of State, Ibe Kachikwu’s letter, to the public. In a press statement signed by Idang Alibi, the ministry bemoaned the leak of a ‘private’ communication to the public. The full statement is reproduced below. PRESS STATEMENT PUBLICATION OF A CONFIDENTIAL OFFICIAL CORRESPONDENCE

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IPMAN suspends planned strike As NNPC GMD’s Intervene

Ihesiulo Grace 6 March 2017 0

The leadership of the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday announced the suspension of a scheduled nationwide strike following a meeting with the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru in Abuja. Chairman of the IPMAN Committee on FOREX Intervention, Products Sourcing and

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NNPC/Sahara Energy JV Unveil Vessels to Address LPG Supply Hiccups

Ihesiulo Grace 16 January 2017 0

The supply logjam which often impedes stable availability of Liquefied Petroleum Gas, LPG, otherwise called cooking gas, may soon be over. The West Africa Gas Ltd (WAGL), a Joint Venture Company of Nigerian National Petroleum Corporation, NNPC, and Sahara Energy will tomorrow, Tuesday 17 January, unveil two LPG vessels in Ulsan, South Korea which promise […]

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NNPC bid: we’ll ensure accountability – GMD

Ihesiulo Grace 24 November 2016 0

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said the bid for the sales and purchase of Nigerian crude oil grades will be transparent. Baru said this in Abuja on Thursday when he declared the process open. ‎ According to him, the crude oil contract tenders‎ are to ensure transparency, […]