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Nigerian National Petroleum Corporation

Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC: We’ll commission rehabilitated PHC refinery in 2023

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).

House summons finance minister, FIRS, others over loss of revenue to illicit financial flows

The House of Representatives has summoned the Minister of Finance, the Heads of the Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), the Nigerian Export-Import Bank (NEXIM), and the Nigerian National Petroleum Corporation (NNPC) over the continuous loss of government revenue to illicit financial flows (IFFs).
Nigerian National Petroleum Corporation (NNPC)

Refinery rehabilitation: NNPC tasks contractor on project completion

The Nigerian National Petroleum corporation (NNPC) has tasked the Contractor rehabilitating the Port Harcourt Refineries Companies (PHRC) to ensure completion of the project at the estimated time frame.
Nigerian National Petroleum Corporation (NNPC)

Subsidy: NNPC faces more pressure as Bonny Light rises by 150 percent

There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as the price of Bonny Light rises to $65 per barrel in May 2021.
Nigerian National Petroleum Corporation (NNPC)

Rising oil price puts more pressure on NNPC’s finances

Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC) to contribute to the Federation Account.
Chief Timipre Sylva, Minister of State For Petroleum Resources, on Friday said the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion.

Minister: Petrol subsidy only benefits some businessmen

Timipre Sylva, minister of state for petroleum resources, says the federal government will soon halt the current subsidy regime for premium motor spirit (PMS), better known as petrol.
Nigerian National Petroleum Corporation (NNPC)

NNPC assures will continue to meet financial obligations to FAAC

The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall financial performance of the Corporation.
Nigerian National Petroleum Corporation (NNPC)

Official: NNPC not broke

The Nigerian National Petroleum Corporation (NNPC) says the zero revenue projection for May pertains only to the federation revenue stream it manages and not a reflection of its overall financial performance.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi governor faults NNPC zero remittance to FAAC

Bauchi State Governor, Senator Bala Mohammed, yesterday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to the Federation Account in April because of the need to defray the cost of petrol subsidy.
Nigerian National Petroleum Corporation (NNPC)

NNPC opens bid for selection of auditors, tax consultants

The Nigerian National Petroleum Corporation (NNPC) has announced the opening of bids from interested local firms to participate in the tender process for the engagement of qualified and reputable auditors, and tax professionals.
Magnus Abe

Senator Abe: DPR right to revoke Addax oil licences

A former senator and board member of the Nigerian National Petroleum Corporation (NNPC), Magnus Abe, has denied any involvement in an alleged $650 million oil scam.

Transcorp makes new board appointments

The Transnational Corporation of Nigeria Plc (Transcorp) has announced the appointments of Mr. Victor Famuyibo and Mallam Ahmadu Hamman Sambo to its Board of Directors, effective Thursday, April 22, 2021.
A might pipeline explosion that shook several houses rocks Abule Ado area of Ojo, Lagos, Southwest Nigeria on Sunday morning.

Pipeline explosion rocks Lagos

Another pipeline explosion on Sunday evening erupted in Isheri-Idimu community, Egbe-Idimu Local Council Development Area (LCDA) in Lagos State.

Central bank governor tasks universities, youth on agriculture

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the weekend, challenged tertiary institutions in Nigeria to promote research and well-designed programmes that will boost agriculture and agribusiness in Nigeria.

Petrol retailers earmark 100 filling stations for autogas rollout

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has listed at least 100 filling stations throughout the country that would be used in the federal government’s auto gas pilot scheme rollout.
Nigerian National Petroleum Corporation (NNPC)

NNPC increases daily petrol truck to over 1,660 to eliminate queues

The Nigerian National Petroleum Corporation, NNPC, Tuesday, increased the daily loading of Premium Motor Spirit, PMS across the country from 550 trucks to 1,661 trucks in order to eliminate long queues in Abuja and other parts of Nigeria.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC boss: Fuel queues will disappear soon

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has frowned at the re-emergence of petrol queues across the country, assuring that the situation will normalize in hours.

Petrol queues: NNPC increases daily PMS truck-out to 1, 661

The Nigerian National Petroleum Corporation (NNPC) says it has increased daily supply of Premium Motor Spirit (PMS) also known as petrol across the country from 550 trucks to 1,661 trucks.
Nigerian National Petroleum Corporation (NNPC)

Petrol: No increase in ex-depot price in May – NNPC

The Nigerian National Petroleum corporation (NNPC) says it will not increase the ex- depot price of Premium Motor spirit also known as petrol in May.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Export revenue declined by 45.87% to $2.62 billion in 2020

The total revenue generated by the Nigerian National Petroleum Corporation (NNPC) from crude oil and gas exports fell from $4.84 billion in 2019 to $2.62 billion in 2020.
The Federal Government will go the whole distance to put measures in place to address flooding on the Lagos-Ibadan rail line, Minister of Transportation, Rotimi Amaechi has assured.

Warri-Itakpe rail line freight services to create more jobs

The federal government at the weekend stated that the freight services on the Warri-Itakpe standards gauge railway line would create more jobs for Nigerians and promote the ease of doing business in the country.
The Federal Government will go the whole distance to put measures in place to address flooding on the Lagos-Ibadan rail line, Minister of Transportation, Rotimi Amaechi has assured.

Nigerian government inaugurates Warri-Itakpe railway line after 30 years

The federal government has unveiled the Warri-Itakpe standards gauge railway 30 years after it started constructing the rail line designed to transport iron ore from Itakpe to Ajaokuta and Aladja Steel Rolling Mills in Delta.

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Two ‘killed’, one injured as robbers attack bullion van in Ondo

Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Governor Oluwarotimi Akeredolu of Ondo State has granted amnesty to 11 inmates serving various jail terms in correctional centres in the state to mark the beginning of 2021.

Ondo governor commiserates with Pastor Adeboye over son’s demise

Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
L-R: Katsina state Governor, Honourable Bello Masari. Kebbi’s state Governor, Senator Atiku Bagudu, Governor, Central Bank of Nigeria, Godwin Emefiele and President, Maize Farmers Association Bello Abubakar Annur (with Reflective jacket) at the Flag- off of the National Maize harvest and Loan Recovery and launching of 2020/2021 Dry Season Maize Farming in Katsina on Thursday, May 6, 2021

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
1. Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the State House, Abuja.

VP Osinbajo: Nigeria’s unity must not be compromised

Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC: We’ll commission rehabilitated PHC refinery in 2023

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.

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The highly infectious variant of the novel coronavirus that is predominant in the United Kingdom may be up to 70 percent more deadly than previous strains, according to a report by the government’s scientific advisers.

Nigerian records 55 new coronavirus infections

The Nigeria Centre for Disease Control (NCDC) has registered 55 new cases of COVID-19, bringing the total number of infections in the country to 165,110.
The Chief Executive Officer (CEO), First Bank of Nigeria Limited, Adesola Adeduntan, has said the introduction of FirstGem, a female-focused product by the bank has contributed to the development of the Nigerian economy.

Adesola Adeduntan resumes as FirstBank chief

First Bank of Nigeria on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives of the Central Bank of Nigeria (CBN).
The newly-elected President-General of Ohanaeze Ndigbo, Prof. George Obiozor, has listed security and education as well as guaranteeing a robust economic growth for the Igbo people as some of the immediate priorities of the socio-cultural organisation.

Ohanaeze invites ESN, MASSOB, others for peace talk

As Ohanaeze Ndigbo embarks on its peace and reconciliation assignment as recently directed by the South-East Governors and Igbo leaders, it has invited members of the Eastern Security Network, ESN and Movement for the actualization of Sovereign State of Biafra, MASSOB, to be part of the peace process.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police warn against unlawful gathering, protest in Osun

The Police Command in Osun has warned residents in the state against any unlawful gathering or protest over the rising cases of insecurity and food prices.
The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this at a media briefing on Monday in Lagos, said centres were also built in collaboration with states and the private sector to isolate and treat cases of COVID-19.

Minister: Kidnapping, banditry not federal offences

The Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday, said it was not the responsibility of the Federal Government to prosecute suspected kidnappers and bandits.