National Petroleum Investment Management Services (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), invested N21.47 billion to rehabilitate the nation’s refineries, the Nigeria-Morocco gas pipeline, and oil search in the frontier basins, among others in January 2021. In its February 2020 presentation to the Federation Account Allocation Committee (FAAC), NAPIMS also mentioned the […]
The Akwa Ibom state House of Assembly has advised the Nigerian National Petroleum Corporation (NNPC) on the need to relocate its subsidiaries to the state. The subsidiaries are the Department of Petroleum Resources (DPR) and the National Petroleum Investment Management Services (NAPIMS). House to collaborate with Red Cross on IDPs – Gbajabiamila The House also […]
The ongoing restructuring of the Nigerian National Petroleum Corporation (NNPC) received fresh force Tuesday with the appointments and deployments of top executives across the value chain of its operations. Maikanti Baru, group managing director of the corporation, said the new appointments would not only help to position NNPC for the challenges ahead but would help […]
…says past restructuring efforts failed The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has condemned in totality, the move to whittle down the regulatory powers of the Nigerian Petroleum Investment Management Services Limited (NAPIMS) in the new petroleum policy approved by the Federal Executive Council, reported in a major news tabloid on August […]
The Nigerian National Petroleum Corporation (NNPC) said that it has caught down the cost of crude oil production from $78 dollars per barrel per day, as at August 2015 to $23 p/d, representing 70.5 per cent reduction. The Group General Manager of National Petroleum Investment Management Services (NAPIMS), a unit of NNPC, Engr. Dafe Sejebor, […]