nnpc
NNPC Limited Grapples with $3 Billion Debt to Oil Traders for Imported Petrol
NNPC Limited, the Nigerian National Petroleum Company, is facing a daunting debt of approximately $3 billion owed to oil traders for imported petrol, recent reports reveal.
Despite efforts to clear the overdue payments, the pace remains sluggish, surpassing the … Continue Reading
NNPC CEO Announces Replacement of Petroleum Products Pipeline Network
During the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) revealed plans to replace the company’s over 5,000km … Continue Reading
NNPC Announces Plans for Public Listing and Gas Utilization
At the 2024 CERAWEEK Conference in Houston, USA, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), revealed plans for the anticipated public listing of the company’s shares as outlined in the Petroleum Industry … Continue Reading
NNPC Reveals 9,000 Pipeline Vandalism In One Year
The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Dr Mele Kyari, disclosed on Wednesday that the corporation had encountered a staggering 9,000 vandalism on its pipelines within the span of one year.
… Continue ReadingFBI Sues top NNPC official for taking $2.1 million bribery Paid to Assist Addax Petroleum escape $2.4 billion liability to Nigeria
A top official of the Nigerian National Petroleum Corporation, Mr. Paulinus Iheanacho Okoronkwo has been indicted in a suit by the FBI bothering on bribery and tax-related charges in the United States, court filings seen by REPORT AFRIQUE reveal.
A … Continue Reading
SERAP Gives NNPC 7 Days Ultimatum to Account for ‘Missing $2.04bn, N164bn Oil Revenues’
The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern ultimatum to the Nigerian National Petroleum Company (NNPC) Limited, demanding accountability for alleged missing oil revenues totaling USD$2.04 billion and N164 billion.
NNPC and CBN Establish Revenue Management Limits for Oil Firms
The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have jointly set limits for the management of revenue generated by oil firms.
This decision was reached during a meeting between Mele Kyari, NNPC’s Group Chief … Continue Reading
Buhari Appoints Ifeanyi Ararume as Chairman of NNPC Board
President Buhari has appointed Senator Ifeanyi Ararume as chairman of the NNPC board, according to a press release by the Special Adviser to President Buhari on Media and Publicity, Femi Adesina.
The appointment came after the President, in his … Continue Reading
President Buhari Reconstitutes NNPC Board
President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC).
This is coming after the expiration of the term of the board members appointed in 2016.
The reconstitution of the board was contained … Continue Reading
Ex-NNPC GMD, Maikanti Baru Dies At 60
Maikanti Baru, the immediate past Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has died.
Reports say Baru who was appointed GMD of the state-run oil corporation by President Muhammadu Buhari in July 2016, died on Friday night.… Continue Reading