Home Topics GMD

GMD

Mele Kyari,

NNPC chief: Fiscal framework will enhance gas development

The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
Mele Kyari,

NNPC boss: Clear fiscal framework will enhance gas development

The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
Secretary of the APC Caretaker Committee, Senator John J. Akpanudoedehe in a statement on Tuesday said the 16 years of PDP administration was characterised by “looting of public funds”, adding that the party should spare Nigerians of the trauma of a reminder of the “disaster.”

APC urges fuel stations to stop hoarding petrol

The ruling All Progressives Congress (APC) has asked Nigerians to stop panic-buying following what it described as artificial fuel scarcity in the country.

Court rejects EFCC’s request to inspect money seized from ex-NNPC boss

The Federal High Court, Abuja, on Wednesday, refused to grant an application filed by the Economic and Financial Crimes Commission (EFCC), to inspect the money seized from the former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: Nigeria to eliminate gas flaring by 2025

The Minister of State for Petroleum, Mr. Timipre Sylva, on Monday disclosed that Nigeria will join the global community in achieving complete elimination of gas flaring by 2025.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Nigerian government inaugurates crude oil cost optimisation programme

The Federal Government has inaugurated the Nigerian Upstream Cost optimisation Programme (NUCOP) to drive down the cost of crude oil production in the country.
The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

House of Reps insists on investigating ‘financial mismanagement’ in NNPC pensions, refineries

The House of Representatives has stated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC renegotiates commercial contract terms with major oil firms

Meanwhile, oil companies such as Royal Dutch Shell, ExxonMobil, Total and Eni, are cutting billions in spending after taking hits to their profits, shifting money to renewable fuels and focusing only on the most cost-effective markets.
Petrol Tankers

Nigerian government mulls fuel freight hike

The federal government indicated yesterday that it was considering an increase in petrol freight, that is, the rate of transporting commodities, goods and cargo by land, sea or air, from N7.51 per litre of the product.
Festus Marinho, the first group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), died at age 87 on Tuesday.

Former NNPC chief Festus Marinho passes on

Festus Marinho, the first group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), died at age 87 on Tuesday.
Nigeria’s second representatives in this year’s CAF Confederation Cup, Rivers United FC have received a boost with Eunisell, the country’s largest independent chemicals and oil & gas production solutions company, renewing its sponsorship for the 2020/2021 season.

Eunisell renews Rivers United shirt sponsorship

Nigeria’s second representatives in this year’s CAF Confederation Cup, Rivers United FC have received a boost with Eunisell, the country’s largest independent chemicals and oil & gas production solutions company, renewing its sponsorship for the 2020/2021 season.
Brentex Petroleum Services Ltd/China Petroleum Pipeline Engineering Co Ltd (CPP), one of the consortia executing Nigerian government’s Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, has said that forex fluctuation will not affect the project as they promised to deliver within the agreed cost and time.

AKK gas pipeline won’t be affected by forex crisis, others – contractor

Brentex Petroleum Services Ltd/China Petroleum Pipeline Engineering Co Ltd (CPP), one of the consortia executing Nigerian government’s Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, has said that forex fluctuation will not affect the project as they promised to deliver within the agreed cost and time.
Nigerian National Petroleum Corporation (NNPC)

NNPC committed to bringing down cost of production, remaining competitive

The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Senate queries $120 million revenue loss to petroleum products’ shipment

The Senate yesterday expressed displeasure at reports that the nation loses over $120 million annually to the patronage of foreign shipping firms in the shipment of petroleum products.
Mr Justice Derefaka, Technical Adviser, Gas Business and Policy Implementation to Minister of State for Petroleum Resources, says the National Gas Transportation Network Code (NGTNC) will “Go-Live” on Monday

Official: Autogas conversion for vehicles is free

Justice Derefaka, technical adviser on gas business and policy implementation to the minister of state for petroleum resources, told journalists on Friday that his previous statement that vehicle owners will pay N250,000 for autogas conversion was not correct.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

Kyari assures indigenous shipping coys of support

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria.
Nigerian National Petroleum Corporation (NNPC)

$12 billion NLNG funds withdrawal legal – NNPC

The Nigeria National Petroleum Corporation (NNPC) has insisted that, the $12 billion withdrawn from the Nigeria Liquefied Natural Gas (NLNG) account was legal.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Nigerian government makes U-turn, says vehicle owners to pay for autogas conversion

Justice Derefaka, technical adviser on gas business and policy implementation to minister of state for petroleum resources, Timipre Sylva, disclosed this on Wednesday when he featured on Sunrise Daily, a programme on Channels TV.

NNPC to convert a million petrol cars to autogas free of charge

Mele Kyari, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the corporation will provide free conversion services to enable automobiles switch from premium motor spirit (PMS) to autogas.
In his vote of thanks, the Emir of Gona lauded Governor Muhammadu Inuwa Yahaya for his political sagacity in influencing the setting up of the hospital in the state and for approving the siting of the medical facility within his emirate.

Gombe governor lauds President Buhari for his political will on oil, gas exploration

President Muhammadu Buhari has been commended for his Political will and commitment he has so far exhibited on the actualization of the Kolmani Oil Well Project in the Benue trough of the Gongola basin.
Nigerian National Petroleum Corporation (NNPC)

House of Reps hails NNPC’s strides in transparency

The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Fuel price hike: Nigerian government, labour adjourn talks till December 7

The federal government and organised labour have resolved to allow one week for consultation over the demand for the reversal of the pump price of petrol.

Recent Stories

Keeping Schools Safe In the North

On April 14, 2014, 276 Nigerian female students of the Chibok Girls Secondary School were abducted by Boko Haram terrorists. It was a very disturbing moment for Nigeria and the rest of the world. Most of the abducted girls were Christians.

ECOWAS urged to push women’s equal access to political power

The Economic Community of West African States (ECOWAS) has been urged to take more steps to enhance women’s equal access to political power and decision making positions in the sub-region as well as improve their economic status through human capital development.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

2023: ‘Atiku for Nigeria’ inaugurated in Enugu

A group made up of loyalists, supporters and associates of former Vice President Atiku Abubakar has launched a group tagged ‘Atiku For Nigeria’ as a platform for selling the candidacy of Adamawa born politician to Nigerians as suitable person as their next president ahead of the 2023 presidential election.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.

IPMAN rejects scrapping of Petroleum Equalisation Fund

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity.

Pat Utomi: Nigeria’s electoral processes fraudulent

Renowned Political Economist, Professor Patrick Utomi has again cast aspersions on the current Nigeria’s political processes, arguing that it cannot produce credible political office holders.

Most Popular

Napoli chief Cristiano Giuntoli says the club is not expecting Victor Osimhen to return to action again this year.

Victor Osimhen Will Bounce Back From Injury Woes – Victor Agali

The Nigerian international recently recovered from injury after he fell awkwardly after a head collision with Atalanta defender Cristian Romero during a Serie A game. The Nigerian international was conscious as he was stretchered off and rushed to the hospital.
Polling opened on Sunday morning for a presidential election at crisis-hit Barcelona, where the winner will face the challenge of rebuilding the club's finances and squad.

Polls open for presidential election at troubled Barcelona

They are running to replace Josep Maria Bartomeu, who resigned in October and was briefly taken in for questioning following police raids on the club on Monday into the 'Barcagate' scandal which revolves around allegations that Barcelona carried out a defamation campaign against current and former players critical of club leadership.
Yoruba Council of Elders has faulted the meeting which the governors in the South-West zone had with Miyetti Allah Breeders Association of Nigeria in Akure, Ondo state, two days ago.

Southwest states move to avert boundary disputes

The six Southwest states have resolved to evolve better strategies to manage boundary disputes in the region.
Bruno Fernandes has responded to critics who claim he hasn’t done enough in the big games this season. Fernandes joined Manchester United in the January transfer window of 2020. Since then, he has been an absolute sensation, scoring 23 and assisting 17 in 41 Premier League appearances.

Bruno Fernandes hits back at critics ahead of Manchester derby

Bruno Fernandes has responded to critics who claim he hasn’t done enough in the big games this season.
Cross River State Governor, Sir Ben Ayade, (5th R) with Senate Committee on PIB led by the committee chairman Senator Mohammed Sabo (4th R), Former Governor of Benue State, Dr. Gabriel Suswanl (2nd L) and other committee members, during a visit to Government House Calabar

Governor Ayade: PIB must address delisting of Cross River as oil producing state

Cross River State governor, Prof Ben Ayade, has tasked National Assembly to handle related Petroleum Industry Bill, PIB, and other issues related to the bill with circumspection to avoid contentions that are likely to trail its ultimate passage into law.