Business

‘Refineries’ rehab, oil search, pipeline, others gulped N21b in January 2021′

Ihesiulo Grace 16 March 2021 0

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

Featured Headlines News

A/Ibom assembly seeks relocation of DPR, ExxonMobil to state

Ihesiulo Grace 14 February 2020 0

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 […]

Politics Power & Energy

Major shake-up in NNPC, Roland Ewubare now heads NAPIMS

Ihesiulo Grace 29 August 2017 0

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 […]

Labour News

NUPENG kicks against move to strip NAPIMS’ powers

Ihesiulo Grace 22 August 2017 0

…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

Business

Nigeria’s oil production cost down from $78 to $23b/d, says NNPC

Ihesiulo Grace 18 August 2017 0

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, […]