NNPC

The annual financial statement of the National Petroleum Investment Services, a subsidiary of the Nigerian National Petroleum Commission, has revealed that the department spent a whooping N90 billion on public relations in 2021. The…

The administration of the President, Major General Muhammadu Buhari (retd.), could spend not less than N10.976tn as subsidy on Premium Motor Spirit, popularly called petrol, from when it came to power in 2015 till May 2023. Already the…

The Nigerian National Petroleum Company Limited (NNPC Ltd) says the cooperation with Nigerian security has significantly reduced the scale of oil theft in the Niger Delta following the discovery of several illegal pipes. The Group Chief…

Mele Kyari, NNPC Group Chief Executive Officer, has claimed that 80 per cent of Nigerians have electricity. He stated that the oil and gas industry had changed rapidly in a positive direction because of the change of attitude by…

...A WELL CALCULATED SCAM BY THE NNPC/RELEVANT AUTHORITIES TO COVER-UP. With reports that in 2017, ten (10) suspected oil thieves on board MT TECNE Vessel were arrested by the Nigerian Navy while they were siphoning crude oil…

The Nigerian National Petroleum Company Limited on Saturday announced the acquisition of OVH Energy Marketing, owner and operator of the Oando branded retail service stations. Chairman, NNPC Limited, Margery Okadigbo, while speaking on…

The federal government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas (LPG) annually, and only eight per cent of the production is utilised domestically, with the bulk being exported. It says…

In spite of the country’s dwindling revenue and alarming debt profile, many state governors are maintaining huge numbers of political appointees, thereby constituting a huge burden on their states’ lean resources and increasing the cost of…

The House of Representatives has begun its investigation of the Joint Ventures and Production Sharing Contracts entered into by the Nigerian National Petroleum Corporation in the last 32 years. The House’ Ad Hoc Committee to Investigate…

The Nigerian National Petroleum Company (NNPC) says the country will not experience petrol scarcity in December and beyond, as it has made adequate arrangements for supply. Mr Umar Ajia, the Chief Financial Officer of NNPC ltd, said this…