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Nigerian National Petroleum Corporation (NNPC)

NNPC returns to profitability, records N2.68 billion surplus

The Nigerian National Petroleum Corporation, NNPC, Wednesday, announced a trading surplus of N2.68 billion for May 2020, compared to a deficit of N30.81 billion recorded in April 2020.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR warns against circulation of substandard lubricant in Bauchi

The Department of Petroleum Resources (DPR) in Bauchi, has cautioned retailers against the circulation of substandard Base Oil (Lubricant) products.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals off 15 illegal gas outlets in Kogi

The Department of Petroleum Resources, DPR, on Thursday moved heavily against persons dealing illegally in the sales of domestic gas in Kogi State, sealing off 15 retail gas outlets in the process.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 5

Senator Lawan: Nobody is above scrutiny of the National Assembly

President of the Senate, Ahmad Lawan, has said that nobody is above the scrutiny of the National Assembly.

Oil marketers condemn planned protest, shutdown over fuel price hike

Oil marketers, under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), yesterday, kicked against attempts by some labour groups and trade associations to stage a protest march in opposition to the recent hike in the price of Premium Motor Spirit, also known as petrol.

Explosion kills 7 at NPDC’s Benin River valve station

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court jails three oil thieves in Lagos

A Federal High Court sitting in Ikoyi, Lagos State, has convicted and sentenced three men Edward Alade, Emmanuel Amqawei and Kennedy Segbenu to one year imprisonment each for illegally dealing in petroleum products.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals petrol station over pump price violation in Yola

The Department of Petroleum Resources (DPR) has sealed a filling station in Yola for allegedly violating the Federal Government new petroleum pump price directive.

Senator: NNPC’s audit report underscores readiness for transparency

Sen. Bassey Akpan, Chairman, Senate Committee on Petroleum Upstream, says the published Audited Financial Statement of the Nigerian National Petroleum Corporation (NNPC) is an indication of its readiness to ensure transparency in its operations.
The Chairman of the Foundation’s Board, Dr Chiwuike Newington Uba, gave the advice in a statement on Tuesday in Enugu.

ACUF: Nigeria’s economic sustainability plan bold step but not feasible

The ACUF Board Chairman, Dr Chiwuike Uba, who stated this in a statement on Tuesday, commended the Federal Government for conceptualising a policy response needed to jumpstart Nigeria’s economy after COVID-19 pandemic.
Akwa Ibom State Governor, Udom Emmanuel, says the idea of random testing for COVID-19 in the state is a waste of government resources.

Akwa Ibom people will resist kidnappin­g, political killings – governor

Akwa Ibom State governor, Mr. Udom Emmanuel, has said that the people would resist any attempt by individuals or groups to return them to the evil years when kidnapping and politically mot­ivated killings brou­ght untold fears to the land.

DPR defers implementation of oil industry training fees

The Department of Petroleum Resources (DPR) has announced the postponement of the implementation of the new registration fees for oil and gas trainings in the country till further notice.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court restrains Nigeria from revoking Ororo marginal oil field

A Federal High Court sitting in Lagos south west Nigeria has restrained the Minister of Petroleum Resources and Department of Petroleum Resources (DPR) from revoking the Ororo Marginal Field in OML 95 pending the determination of the substantive suit filed before the court.

My gas plant is no threat to lives of Nsukka residents – operator

Contrary to the reports making the rounds in Nsukka metropolis about the impending danger of sitting a gas plant at a busy part of the university community, the chairman of the Wilson Nigeria Limited, Chief William Agbo, has allayed the fears of the general public on the development.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Federal, states, local government share N606 billion for April

Details of the allocation were contained in a Secretariat report released by the Office of the Accountant-General of the Federation at the end of the online meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.
Waziri Adio NEITI

Federal, states, local governments receive N1.95 trillion from FAAC in first quarter

Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, stated that the Federal, states and local governments received N1.95 trillion from the Federation Account Allocation Committee (FAAC) in the first quarter of 2020.
A worker fills a car's tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. REUTERS-Mohamed Abd El Ghany

Centre demands framework for fuel subsidy removal

The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.

DPR donates protective equipment to Lagos

The Department of Petroleum Resources (DPR) has donated Personal Protective Equipments (PPE) to Lagos state government to support its efforts in the management of the Corona virus pandemic in the state.

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Nigerian government approves gradual reopening of international flights

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NCPC partners CAN, JNI to end Southern Kaduna killings

The Nigeria Christian Pilgrims Commission (NCPC) says it is collaborating with the Northern Chapter of the Christian Association of Nigeria (CAN), the Jama’atu Nasrul Islam (JNI) and the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) to end the killings in Southern Kaduna.