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Court awards N82Bn damages against Mobil, NNPC over oil spillage

Ihesiulo Grace 22 June 2021 0

ANDREW OROLUA, ABUJA. A Federal High Court in Abuja on Monday awarded a cumulative damages of N81.9 billion against oil giant Mobil Producing Nigeria Unlimited and its Joint venture partner the Nigerian National Petroleum Corporation (NNPC). The judgment debt, the court ordered must be paid

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Court bars EFCC from amending charges against NNPC’s ex-GMD Yakubu

Ihesiulo Grace 18 June 2021 0

ANDREW OROLUA, ABUJA. A Federal High Court sitting in Abuja has barred the Economic and Financial Crimes Commission (EFCC) from amending the criminal charge it filed against a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu. Trial Judge, Justice Ahmed Mohammed gave the order, Thursday, in a ruling on […]

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Updated: Governors allege impunity at CBN, NNPC, NIMASA, others

Ihesiulo Grace 15 June 2021 0

*Say Buhari’s ego not enough to suspend Twitter *Insist APC will go with President in 2023 Tunde Opalana, Abuja and ISAAC JOB, UYO The Peoples Democratic Party (PDP) Governors’ Forum rose from a meeting in Uyo, Akwa Ibom State, on Monday, urging the Federal Government to rein in its agencies which have been allegedly operating […]

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NNPC, Egbin collaborate to boost gas-to-power programme

Ihesiulo Grace 15 June 2021 0

The Nigerian National Petroleum Corporation (NNPC) and the Egbin Power Plc have pledged to deepen collaboration to ensure the success of the Federal Government’s gas-to-power programme. The Chief Operating Officer, Gas, NNPC, Mr Yusuf Usman and Chairman, Board of Directors, Egbin Power Plc, Mr Temitope Sonubi, made the pledge during a facility visit of the […]

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World Environment Day: NNPC restates commitment to sustainable environment

Ihesiulo Grace 6 June 2021 0

Doosuur Iwambe, Abuja The Nigerian National Petroleum Corporation (NNPC) says it remains committed to the promotion of a sustainable environment across its operations, stressing that its energy transition programme and support for carbon neutral projects are proof of that commitment. The Group Managing Director of the Corporation, Mallam Mele Kyari, stated this at an event

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Tougher times as remittances to Federation Account drop

Ihesiulo Grace 1 June 2021 0

Doosuur Iwambe, Abuja Federal, state and local governments face rougher times from next month as allocations into the Federation Account are expected to drop. This development is as a result of the huge payment by the Nigerian National Petroleum Corporation (NNPC) on fuel subsidy. A recent NNPC report had revealed its plans to deduct at […]

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NNPC moves to safeguard national energy security

Ihesiulo Grace 1 June 2021 0

Doosuur Iwambe, Abuja Nigerian National Petroleum Corporation (NNPC) has revealed that it was currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive. The NNPC explained that the directive stipulates mandatory participation of the Corporation in any privately-owned refinery that exceeds

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NNPC records 314% increase in trading surplus

Ihesiulo Grace 28 May 2021 0

Doosuur Iwambe, Abuja Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24% leap from the ₦9.62billion surplus it recorded in January 2021. This is contained in the February 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press […]

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Reps query handling of $23m, N2.725 billion by AGF, NNPC

Ihesiulo Grace 26 May 2021 0

*SEC to downsize workforce Tom Okpe, Abuja The House of Representatives committee on finance has said that the Nigeria National Petroleum Corporation (NNPC) should submit evidences of revenue remittances into Consolidated Federation Account from 2014 to 2019. The lawmakers particularly asked the NNPC to furnish it with details of the revenue it calls ‘Advance

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OML 118: NNPC, SNEPCo, others sign multibillion dollar deep-water agreement

Ihesiulo Grace 26 May 2021 0

*Say deal will yield about $780 million in Immediate revenues to government Doosuur Iwambe, Abuja Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited

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NNPC invites companies to operate, maintain Nigeria’s refineries

Ihesiulo Grace 17 May 2021 0

Doosuur Iwambe, Abuja Nigerian National Petroleum Corporation has invited applications from companies qualified to operate and maintain three state-run oil refineries. The NNPC in a publication over the weekend revealed that it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt, Warri, and Kaduna

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NNPC begins Port Harcourt refinery rehab, says can’t afford to fail

Ihesiulo Grace 7 May 2021 0

*Project to generate 3,000 Jobs as construction work kicks off Doosuur Iwambe,Abuja The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru,

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Alleged Irregularities: Reps committee summons NNPC, others in oil sector

Ihesiulo Grace 7 May 2021 0

The House of Representatives Committees on Petroleum Upstream, has given the Nigerian National Petroleum Corporation (NNPC), two weeks ultimatum to appear and explain alleged irregularities in the corporation. The Chairman of the committee, Rep. Sarki Ada (APC-Sokoto) issued the ultimatum at a public hearing on Thursday, following the refusal of NNPC to honour invitations

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Expect Diminished Queues From Today – NNPC GMD

Ihesiulo Grace 20 April 2021 0

Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has assured Nigerians that the long lines at gas stations will be reduced starting today. Mr. Kyari gave the assurance on Tuesday after meeting with President Muhammadu Buhari and briefing State House correspondents. He stated that following the NNPC’s intervention in

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No petrol price increase in May, says NNPC

Ihesiulo Grace 20 April 2021 0

Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol in May. NNPC has maintained an ex-depot price of N148/litre since February despite the hike in the actual cost of the commodity, hence incurring […]

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NNPC, firm sign $1.5bn P’Harcourt refinery rehabilitation contract

Ihesiulo Grace 7 April 2021 0

By Doosuur Iwambe, Nigerian National Petroleum Corporation (NNPC) and Tecnimont SpA, an Italian company, on Tuesday, signed the engineering procurement and construction (EPC) contract for the rehabilitation of Port Harcourt refinery (PHRC) in Rivers State. This is coming days after Nigerians opposed to the decision of the Federal Executive Council to approve the sum for

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Nigeria to play strategic role in new world energy order, Kyari pledges

Ihesiulo Grace 30 March 2021 0

Doosuur Iwambe, Abuja As the world transits to cleaner energy, the Nigerian National Petroleum Corporation (NNPC) has affirmed Nigeria’s preparedness to play a strategic role in the new global energy order. The Group Managing Director of NNPC, Mallam Mele Kyari, made this submission at the Decade of Gas Pre-summit Conference which held Monday in Abuja, […]

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Petrol price hike looms

Ihesiulo Grace 26 March 2021 0

Kamarudeen Ogundele, Abuja An increase in the price of Premium Motor Spirit (PMS) or petrol is imminent as the Federal Government says it can no longer bear the N120 billion ($263,248 million) spent monthly to make the product available Nigerians. The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, disclosed […]

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BREAKING: ‘Consumers are not paying market price of PMS’, NNPC can no longer bear the burden – Kyari

Ihesiulo Grace 25 March 2021 0

The Nigerian National Petroleum Corporation has stated that it can no longer bear the burden of the difference between the market price of PMS and the selling price. This was made known by Mele Kyari, Group Managing Director (GMD) of NNPC during a state briefing. Kyari stated, “NNPC currently the sole importer of PMS, and […]

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NNPC justifies $1.5 billion refinery EPC Project

Ihesiulo Grace 24 March 2021 0

Doosuur Iwambe, Abuja Nigerian National Petroleum Corporation (NNPC) has said that the recently approved rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery is a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry best standards. NNPC’s Group Managing Director, Mallam Mele Kyari, justified why