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Nigerian National Petroleum Corporation

The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

House of Reps to probe ‘missing’ 5.2 million barrels of crude oil

The House of Representatives has directed its committee on petroleum to investigate the alleged missing 5.2 million barrels of crude oil allocated to local refineries under the Direct Sales Direct Purchase (DSDP).
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.

Nigeria signs deal with Morocco on phosphate import, ammonia export

The deal was witnessed by the Minister of State for Petroleum Resources, Mr. Timipre Sylva, Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari; Governor of Akwa Ibom, Mr. Udom Emmanuel; his Jigawa counterpart, Badaru Abubakar and Managing Director of Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji.
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.

Fuel queues worsen amidst scarcity in Abuja, environs

“The issue around the retail price has not been resolved at all. It seems the government has jettisoned deregulation. We are being forced to sell at a price that is not profitable. The ground is not level and we are told to sell at the same price with NNPC retail stations, that we shouldn’t increase the price. This is the cause of the scarcity,” the MOMAN official said.

Marketers warn against hoarding of petrol, assure adequate supply

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured motorists that there is enough Premium Motor Spirit (PMS), also known as petrol, in the country, urging them to stop panic buying.
Nigerian National Petroleum Corporation (NNPC)

Petrol queues: NNPC calls for calm, says no price hike in March

The Corporation’s new stand is contrary to expectation of possible price hike in the month following rise in the price of crude oil in the international market and the warning by the Minister of State, Petroleum Resources, Chief Timipre Sylva, that NNPC could not continue to absolve the extra cost in the pump price of petrol.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank plans to strengthen Naira, economy through $15 billion Dangote refinery

The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.
Seplat Petroleum Development Company

Seplat driving sustainability with growing gas business – chief

Seplat Petroleum Development Company Plc, leading indigenous energy company, has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.

Dangote refinery to buy Nigerian crude in Naira, sell petrol in Naira

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.

CBN governor: Dangote refinery to sell refined crude to Nigerian government in Naira

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production.
Nigerian National Petroleum Corporation (NNPC)

PIB: Expert recommends priviatsation of NNPC for optimal efficiency

Mr Joe Nwakwue, an expert in the petroleum sector has recommended the priviatiosation of Nigerian National Petroleum Corporation (NNPC) to ensure efficiency and attain maximum profit of the oil sector.
This was made known by the Director-General, NADDC, Jelani Aliyu, Abuja at the unveiling of Hyundai Kona Electric Car, Nigeria’s first locally assembled electric car in Abuja.

NADDC: Nigerian government attracted over $1 billion investment in automobile industry in 2019

This was disclosed by the Director General of National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu at the opening of a two-day investigative hearing held at the instance of the Ad-hoc Committee into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of federal government and its agencies, chaired by Hon. Victor Akinjo.
House of Representatives has elected to set a limit and timeframe for any person appointed as the Chairman of the Economic and Financial Crimes Commission, EFCC on acting capacity.

House of Reps probes AKK gas pipeline contract over local content act ‘violation’

The House of Representatives Committee on Nigerian Content Development and Monitoring yesterday met with the management of the Nigerian National Petroleum Corporation, Brentex/CPP Consortium and Bablink Resources Ltd over alleged breach of Local Content Act.
Prosecutors failed to attend Tuesday’s hearing at the federal high court in Lagos, having previously failed to present some of their witnesses in a case that had been adjourned on several occasions.

Unlawful road blockage: Court awards N10.6 million in favour of veteran journalist

A Federal High Court in Abuja on Monday awarded the sum of N10.6 million damages in favour of a veteran journalist, Geoffrey Anika, in his suit against the Nigerian National Petroleum Corporation (NNPC) over the construction of a concrete barrier that caused his accident.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Federal government to meet with governors over petrol price, electricity tariff

The federal government will meet with state governors and the Nigerian National Petroleum Corporation (NNPC) on Thursday to find a solution to the issue of petrol pricing.

IPMAN: Petrol price may rise to N195 per litre

Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying the price may rise to N195 per litre.
Nigerian National Petroleum Corporation (NNPC)

House of Reps summons NNPC subsidiaries over finances

The House of Representatives Committee on Public Account has summoned all subsidiaries of the Nigerian National Petroleum Corporation over financial queries raised by the Office of the Auditor General of the Federation.
Nigerian National Petroleum Corporation (NNPC)

Official: NNPC not owing federation account N3.8 trillion

The Nigerian National Petroleum Corporation, (NNPC), has said that contrary to reports that it is owing the Federation Account the sum of N3.8 trillion, it is the Federation Account and Allocation Committee (FAAC) that’s owing it the sum of N787 billion from over draft.

Petroleum marketers increase petrol price to N170 per litre

Petroleum marketers are beginning to adjust the pump price of petrol to N170 per litre from between N161 and N165, according to a report.
Nigerian National Petroleum Corporation (NNPC)

NNPC: No plans to increase petrol price

The Nigerian National Petroleum Corporation (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month February.

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.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Crude oil price hits 13-month high

Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts expected to increase demand even as producers kept supply reined in.

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The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate seeks amendment to university teaching hospitals act

The Senate is seeking to amend the University Teaching Hospitals (Reconstitution of Boards, etc) Act No..10 1985, so as to include the Federal University Lafia, Teaching Hospital.
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday, mourned the death of former Lagos State governor, Alhaji Lateef Jakande, with a minute silence.

Nigerian government urged to ban flight over Benue, Taraba, Borno

The Arewa Consultative Forum, ACF, has appealed to the Federal Government to extend its “no-fly zone” order on other states with security challenges like Zamfara.
There was a fire outbreak at a section of the Murtala Muhammed Airport in Lagos on Wednesday.

Fire engulfs section of Lagos airport

There was a fire outbreak at a section of the Murtala Muhammed Airport in Lagos on Wednesday.
Bishop Wale Oke, Founder of the Sword of the Spirit Ministries, Ibadan, Oyo State, has been elected the new National President of the Pentecostal Fellowship of Nigeria (PFN).

PFN elects new national president, others

Bishop Wale Oke, Founder of the Sword of the Spirit Ministries, Ibadan, Oyo State, has been elected the new National President of the Pentecostal Fellowship of Nigeria (PFN).
Gov. Abdullahi Sule of Nasarawa State has denied media report credited to him that the dislodged Boko Haram insurgents are regrouping in his state, particularly on the Benue-Nasarawa border.

2023: Our achievements‘ll speak for us in Nasarawa – official

Nasarawa State Commissioner of Information, Culture and Tourism, Dogo Shammah, has said that the achievements of Governor Abdullahi Sule and the pace for good...

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Juventus attacker Federico Chiesa says he’s optimistic the team is capable of winning the Serie A title this season.

Federico Chiesa: Juventus won’t give up on Serie A title

“It’s true we are missing important players, and others that aren’t at their best, but we are Juve and that must not be an alibi. Full stop. Now we have to focus on Tuesday’s game, because we still believe in the Scudetto,” Chiesa told DAZN.
Rennes have chosen Bruno Genesio as their new coach to replace Julien Stephan, who resigned earlier this week, a source close to the French Ligue 1 club confirmed Wednesday.

Rennes to appoint Bruno Genesio as new coach

Rennes have chosen Bruno Genesio as their new coach to replace Julien Stephan, who resigned earlier this week, a source close to the French Ligue 1 club confirmed Wednesday.
Gabriel Jesus scored Man City's second goal of the game. GETTY

Manchester City equal Manchester United’s Champions League record in win vs Monchengladbach

Manchester City equalled the Champions League record of rivals Manchester United, following their 2-0 win at Monchengladbach in Wednesday’s first-leg tie in Germany.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 7

Speaker Gbajabiamila: Unity essential to rebuilding Lagos

The Speaker of the House of Representatives, Femi Gbajabiamila, on Friday harped on the need for unity among the arms of government to rebuild Lagos.
Chelsea’s new manager, Thomas Tuchel, has revealed why he fell out with the former club, Paris Saint-Germain over players’ transfers.

Thomas Tuchel makes Premier League history in Chelsea vs Manchester United draw

Chelsea and Manchester United settled for a goalless draw in an encounter at Stamford Bridge that saw goal opportunities come at a premium.