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Nigerian Petroleum Development Company

Full list: Massive redeployment in NNPC

There has been a massive Shake-up at the Nigerian National Petroleum Corporation (NNPC) as about 20 senior personnel of the oil firm and its subsidiaries have been redeployed.

Corruption: NNPC recovers $1.6 billion from companies

Dr. Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), on Tuesday said the corporation had recovered $1.6 billion from some companies fleecing one of its subsidiaries.

Warri, Kaduna, Port Harcourt refineries post N8.36 billion deficit

The dismal performance of the country’s three refineries, Warri, Port Harcourt and Kaduna refineries, continued, as the refineries posted operating deficit of N8.36 billion in January 2019, according to data released by the Nigerian National Petroleum Corporation, NNPC.

NNPC pays N153.01 billion into federation account in January

The Nigerian National Petroleum Corporation (NNPC), says it transferred N153.01 billion into the federation account in January.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

President Buhari directs finance ministry to sell all recovered assets

President Muhammadu Buhari has directed the Ministry of Finance to sell all recovered and liability-free assets in six months.
TO GO WITH AFP STORY BY MIKE SMITH Joint Military Task Force (JTF) spokesman Lt.Col. Onyema Nwachukwu speaks on illegal oil refineries and miltary operations to dislodge oil thieves in Bayelsa State of Niger Delta on April 9, 2013. Shell Development Company of Nigeria (SPDC) had threatened to shut down production in April for nine days in the entire Nembe Trunk Line to remove a number of bunkering points on pipelines vandalised by oil thieves in the region. Since 2009, SPDC has experienced an upsurge in vandalisation of pipeline network by criminals causing severe environmental devastation and forcing the company to lose 60,000 barrels daily this year. AFP PHOTO/PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

DHQ: Operations to combat terrorism has recorded success

The Defence Headquarters (DHQ) says ongoing military operations to combat terrorism, banditry and economic sabotage has recorded some successes in the last one week.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Senator Udoma: Federal government fiscal strategy targets growth-enhancing sectors

Budget and National Planning Minister, Senator Udoma Udo Udoma, on Thursday told the Senate Committee on Finance that some slight adjustments had been effected on the 2019 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTEF/FSP) between when it was approved by the Federal Executive Council and the finalization of the 2019 Budget Proposals.

OPEC, allies will stabilise oil market – Saudi minister

Saudi Arabia’s Energy Minister, Khalid Al-Falih, has said that member countries of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by Russia still have a lot of work to do to balance global oil markets, and are prepared to do what is necessary in this regards in the second half of 2019.
Nigerian National Petroleum Corporation (NNPC)

NNPC records N12.13 billion trading surplus, 257 pipelines breaches in one month

The Nigerian National Petroleum Corporation (NNPC) on Sunday released its December 2018 financial and operations report, which indicates that it posted a trading surplus of ₦12.13 billion, a development it said sprang from the success recorded by its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).

NNPC increases gas supply to power, records monthly trading surplus of ₦2.06 billion

A total of 735 Million Standard Cubic Feet of gas per day (mmscfd) was delivered to gas fired-power plants in November 2018 compared with October 2018 where an average of 627mmscfd was supplied, a release by the Nigerian National Petroleum Corporation Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said in Abuja.

Nigeria’s crude oil production rises by 9 percent

Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels.
Nigerian National Petroleum Corporation (NNPC)

NNPC nets $626.6 million from crude export, makes N9.85 billion profit

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦9.85billion for September, a vast improvement compared with the deficit of ₦3.90 billion, recorded in August.

NNPC subsidiary, 22 others owing $49 million in gas flare fines, under-payments

The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay to the federation $3,632,075 as fines for flaring gas beyond their allowed thresholds.
Nigeria’s Minister of Finance, Zainab Ahmed on Wednesday debunked claims that the Federal Government was planning to reduce the number of children that a mother could have in Nigeria.

2019 Budget: Federal government to Release New Set Of Taxes, Excise Duties

Zainab Ahmed, Minister of Finance, said on Thursday that the Federal Government will be releasing new revenue initiatives which will include a new set of taxes and excise duties.
Zainab Ahmed

Zainab Ahmed: Federal government to release N1.1 trillion by December for 2018 capital projects

The Minister of Finance, Mrs. Zainab Ahmed, Thursday said a total sum of N1.1 trillion would have been released for the implementation of capital projects across the country by the end of December.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Natural gas production rise by 8 percent

The Nigerian National Petroleum Corporation (NNPC) says 230.35 Billion Cubic Feet (BCF) of natural gas has been produced in the country in July.

NNPC: Nigeria records 8 per cent rise in gas production

A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd).

NEITI: NNPC, oil companies owe Nigeria $22.06 billion

The Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) and other oil companies operating in the country are yet to remit $22.06 (dollar component) and N481.75 billion (naira component) into the federation account as at end of 2015.

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Federal government disburses $22.216 million on Tradermoni, other empowerment schemes

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President Buhari congratulates India’s Narendra Modi on election victory

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N2 billion fraud: Court revokes bail, orders arrest of ex-Governor Aliyu

Justice A. B. Aliyu of the Federal High Court in Minna, Niger State on Thursday revoked the bail granted to the former Niger State Governor Babangida Aliyu and the former state governorship candidate of the Peoples Democratic Party (PDP), Alhaji Umar Gado Nasko.
Nigerian National Petroleum Corporation (NNPC)

NNPC recruitment: Applicants to undergo computer-based test

The Nigerian National Petroleum Corporation (NNPC) has revealed that the third phase of its ongoing recruitment exercise will involve a computer-based test, which comes up on June 1.