GMD
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
$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.
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.
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.
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.
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.
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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.
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.
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.
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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.
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.
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 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.
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.