Nigeria pays N5.34bn for fuel in June despite subsidy removal – NNPC
The Nigerian National Petroleum Corporation (NNPC) posted a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in…
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FG orders petroleum ministry vehicles to run on autogas
The Federal Government has ordered the chief executive officers and their lieutenants in agencies under the Federal Ministry of Petroleum Resources to convert all their…
I Will Sell NNPC, If Elected President, Atiku Insists Again
People’s Democratic Party (PDP) presidential candidate Alhaji Atiku Abubakar yesterday in Kaduna reiterated his resolve to privatise the Nigerian National Petroleum Corporation (NNPC), if elected…
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JUST IN: Ibe Kachikwu Lied About Graduating With First Class From UNN – Premium Times
A claim by a Nigerian minister that he graduated from the University of Nigeria, Nsukka, with a first class honours is false, a fact-check by…
NNPC Partners Seplat To Deliver 3.4bcf Of Gas By 2020
The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company Plc have signed five agreements to develop a gas production project aimed at delivering…
NNPC, NPA, FIRS, others failed to remit N526bn, $21bn between 2010 and 2015 – NEC
Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned…
N160Billion went missing from NNPC every year under Jonathan – Okonjo Iweala
A former Finance Minister, Ngozi Okonjo-Iweala has revealed the most stressful task she encountered while working under former President Goodluck Jonathan. She made the revelation…
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Nigeria is the only OPEC member that imports petrol, also the largest importer of Petrol – NNPC
Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium…
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NNPC makes $3.73bn from offshore crude sales
The Nigerian National Petroleum Corporation (NNPC) on Wednesday disclosed that it raked in $3.73 billion from crude oil and gas export sales between November 2016…
Why We Pay ‘subsidy’ Without National Assembly’s Permission – NNPC
The Nigeria National Petroleum Corporation, NNPC, has explained why it pays ‘subsidy’ on petrol without appropriation from the National Assembly. Managing Director of the Petroleum…
Nigeria Government Sues JP Morgan For $875m Over Malibu Dodgy Oil Deal
The federal government of Nigeria has filed a case against JP Morgan Chase for $875m in transferring funds to an oil company controlled by the…
#Fuelscarcity: Buhari summons Kachikwu, Baru
Following the current fuel scarcity witnessed during the Yelutide season, President Muhammadu Buhari has reportedly summoned the Minister of State for Petroleum Resources, Ibe Kachikwu…
Fuel scarcity: NNPC threatens to shut filling stations hoarding fuel
The Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, Tuesday said the Federal Government would adopt what he termed “aggressive measure”…
IPMAN suspends planned withdrawal of services
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos State Chapter, has suspended its plan to withdraw its services and shutdown over 900 fuel stations…
Fuel Scarcity: NNPC Boss, Baru returns back to Nigeria
Maikanti Baru, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, has cut short his trip to London as long queues returned to…
Fuel Queues Return to Lagos Filling Stations
After more than a year of relief from fuel scarcity in the country, filling stations in some parts of Lagos experienced queues on Monday, while…
JUST IN: Oil marketers threaten strike in Lagos, Ogun by December 11
The Independent Petroleum Markers Association of Nigeria, Lagos State chapter, has accused the Nigerian National Petroleum Corporation of undersupplying its members with Premium Motor Spirit….
NNPC GMD Maikanti Baru, Wins Forbes Oil & Gas Man Of The Year Award
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has clinched the Forbes Best of Africa Oil and Gas Man of…