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  • NNPC
    NNPC Generates N1.6 Trillion From Petrol in One Year

    The Nigerian National Petroleum Corporation’s total revenue generated from the sale of white products (petrol, diesel and kerosene) for September 2016 to September 2017 stood at ₦1.9 trillion. Petrol contributed about 85.08 per cent of the total sales with a value of ₦1.6 trillion. This was disclosed in a statement signed by the Group General

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  • NNPC
    Osinbajo Denies Approving NNPC Contracts

    Vice President Yemi Osinbajo clarified yesterday that he only approved two loans for the Nigeria National Petroleum Corporation (NNPC) and not contracts. Senior special assistant to the vice president on media and publicity, Laolu Akande, had earlier said that the VP approved contracts for NNPC. Akande said the contracts were approved after due diligence by

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  • Osinbajo
    Osinbajo disowns aide’s statement on NNPC crisis

    Amid the management crisis in the Nigerian National Petroleum Corporation (NNPC), it was confusion yesterday as Vice President Yemi Osinbajo said he did not approve contracts but loans for the the organisation. His Senior Special Assistant (Media and Publicity), Laolu Akande, had earlier yesterday in his twitter page, @akandeoji, announced that Osinbajo admitted granting approval

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  • Breaking-News
    See What Kachikwu Has To Say After Meeting With Buhari

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday declined comments after emerging from a closed-door meeting with President Muhammadu Buhari, which lasted over one hour. When State House Correspondents approached him and sought to know what transpired during his meeting with the President, following the controversy generated by his recent letter to

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  • Buhari
    Kachikwu’s Letter On Corruption In NNPC: SERAP Asks Buhari To Suspend Baru

    Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to President Muhammadu Buhari requesting him to use his “good offices and leadership position to urgently refer the allegations of corruption and abuse of office against Mr Maikanti Baru, Group Managing Director Nigerian National Petroleum Corporation (NNPC) to the Economic and Financial Crimes Commission

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  • kachukwu
    NNPC boss sidelining me, board, Kachikwu tells Buhari … says GMD awarded $25bn contracts without board’s approval

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has written a petition to President Muhammadu Buhari, alleging acts of insubordination and humiliation by the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru. In the letter, titled ‘Re: Matters of insubordination and lack of adherence to due process by the

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  • EFCC1
    Former NNPC boss drags EFCC to court for seizing his $9.8m, £74,000

    Andrew Yakubu, former Group Managing Director, GMD, of the National Nigerian Petroleum Corporation, NNPC, has dragged the Economic and Financial Crimes Commission, EFCC, before a Federal High Court sitting in Kano for seizing $9.8m, £74,000 belonging to him. Yakubu’s lawyers said the suit against the anti-graft agency was seeking the court to vacate the forfeiture

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  • NNPC
    NNPC increases petroleum products importation

    The Nigerian National Petroleum Corporation on Monday announced measures to sustain the nationwide supply of Premium Motor Spirit (petrol), Automotive Gas Oil (diesel), and Dual Purpose Kerosene. According to the corporation, the measures include increasing the February supply of PMS by six additional cargoes for a national petrol sufficiency of over 32 days; immediate importation

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  • fuel scarcity
    No plan to increase petrol price, says NNPC

    The Nigerian National Petroleum Corporation on Wednesday said it was not true that the Federal Government was planning to increase the pump price of Premium Motor Spirit, popularly known as petrol. It stated that such claims were mere rumours and urged motorists in the country not to engage in any panic buying of petroleum products.

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