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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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  • FRSC bans petroleum tanker drivers from night journeys

    The Federal Road Safety Corps (FRSC) on Sunday reiterated its total ban of petroleum tanker drivers from embarking on night journeys across the country from Monday, Dec.19. Mr Boboye Oyeyemi, the FRSC Corps Marshal, told the News Agency of Nigeria (NAN) in Lagos that efforts had been put in place to impound any truck found

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  • Buhari-signing-2016-budget
    Massive upset in oil sector – FG to scrap NNPC, DPR, PPPRA, others

    – Petroleum regulatory bodies in Nigeria are expected to be scrapped by the petroleum ministry – The bodies will be consolidated into a single agency – The minister of petroleum is expected to be in charge of the new body and monitor policies There is an air of upset in the oil sector following the

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  • kachukwu
    No plans to increase petrol price to N150 –NNPC

     …Kachikwu faults move By Uche Usim and Adewale Sanyaolu Two weeks after it denied similar moves, the Nigerian National Petroleum Corporation (NNPC) yesterday, said there are no plans to increase the pump price of petrol from N145 to N150 because the corporation is not empowered statutorily to tinker with the pricing template of petroleum products.

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  • NNPC
    NNPC to produce diesel from crops

    The Nigerian National Petroleum Corporation on Wednesday announced that it had commenced the integration of biofuels production from selected energy crops through its agriculture development programme. It stated that it had started mobilising to site on a first large-scale commercial biofuels venture in Nigeria, adding that it would plant an energy crop known as Jatropha

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  • nnpc
    RECESSION: Nigeria’s oil, gas reserves running out, NNPC warns

    ABUJA—The Nigerian National Petroleum Corporation, NNPC, yesterday, painted a gloomy outlook for Nigeria’s economic fortunes, as it disclosed that the country’s crude oil and gas reserves were fast depleting. The NNPC in a statement in Abuja, therefore, begged oil and gas exploration companies, professionals and other stakeholders to focus on increasing the nation’s oil and

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  • NNPC
    Nigeria lost N61trn to non-passage of PIB – NEITI

    THE Nigerian Extractive Industries Transparency Initiative, yesterday, called on President Muhammadu Buhari to take urgent steps to halt the unending delay in the passage of the Petroleum Industry Bill, PIB, stating that the country has lost $200 billion, about N61.1 trillion, using current official exchange rate, due to the failure to pass an enabling law

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  • fuel scarcity
    Fuel At N145/litre No Longer Sustainable – NNPC

    Former and present Group Managing Directors of the Nigerian National Petroleum Corporation have expressed fears that the current pump price of N145 per litre is no longer feasible.Close Fuel at N145/litre no longer sustainable – NNPC John Ameh, Fidelis Soriwei, Friday Olokor, Adelani Adepegba and Okechukwu Nnodim Former and present Group Managing Directors of the

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