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Oando: We are not a party to London arbitration

Oando PLC’s shareholders can heave a sigh of relief as the Company, has set the record straight following claims in the mediawhich implied that Oando has been ordered by the London Court of International Arbitration (LCIA) to pay Ansbury Investment Inc. $680 million
Nigerian National Petroleum Corporation (NNPC)

NNPC to begin oil palm bio-diesel project in Cross River

The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the planned oil palm-based bio-diesel project.

China offshore oil coy to invest $3 billion in Nigeria

The China National Offshore Oil Corporation (CNOOC) is to invest an additional three billion dollars in its existing stakes in offshore oil and gas operations in Nigeria.
Peter Ozo Eson

NLC: Tension heightening in states over unpaid June salaries

The inability to pay June salaries of government workers is generating tension and agitation across the various states of the federation, the Nigeria Labour Congress has stated.
Nigerian National Petroleum Corporation (NNPC)

NNPC, DPR heading for a showdown over petrol consumption, subsidy figures

The Nigerian National Petroleum Corporation and the Department of Petroleum Resources might be heading for a showdown over the actual litres of refined petrol the nation consumes daily.
Governor of Bayelsa State, Honourable Henry Seriake Dickson

Governor Dickson: President Buhari’s comment on restructuring very ‘unpresidential’

The Governor of Bayelsa State, Henry Seriake Dickson, on Thursday picked holes on the position of President Muhammadu Buhari on the agitation for the restructuring of Nigeria, describing it as threat to national security.
Nigerian National Petroleum Corporation (NNPC)

NNPC under-remittance halts FAAC meeting

The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa on Thursday said the Federation Accounts Allocation Committee (FAAC) has agreed to suspend meetings indefinitely until an effective revenue collection process is implemented.
Lagos lawyer and human rights activist, Femi Falana

FOI: Femi Falana accuses NNPC chief of insubordination

A Senior Advocate of Nigeria (SAN) and human rights activist, Mr. Femi Falana, has accused the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of insubordination, following his refusal to comply with the directive of the Minister of State for Petroleum Resources, Dr. Ibe Kachukwu, to supply the information requested by Falana pertaining to the importation of fuel into the country.

NNPC chief commends NLNG N1.98 trn shareholders loan repayment

The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (N1.98 trillion) loan on Train 1 to 6 investments.
Nigerian National Petroleum Corporation (NNPC)

NNPC Quiz Competition: Kaduna emerges zonal winners

Kaduna State on Wednesday emerged winner of the Nigerian National Petroleum Corporation (NNPC) North West Zonal National Science Quiz Competition.

FAAC meeting inconclusive, shifted to Thursday

The Federation Account Allocation Committee (FAAC) meeting on Tuesday ended inconclusively, the second time in three weeks.

FAAC: Federal, state governments again, fail to share May revenue

The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as Federal and state governments reject the revenue figures submitted by NNPC for May.
Nigerian National Petroleum Corporation (NNPC)

NNPC urges stakeholders’ collaboration to boost domestic gas supply

The Nigerian National Petroleum Corporation (NNPC), says it will collaborate with its joint venture partners to increase domestic gas availability from 1.5 bscf/d to about five billion standard cubic feet per day by 2020.

Depot fire: No casualty recorded – NNPC chief

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Monday said there was no casualty recorded at the fire incident that occurred at the NNPC Minna depot, Niger, on Saturday, July 7.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Depot fire won’t affect petroleum supply

The NNPC on Monday assured residents in Niger State and environs that the fire incident at its depot at Pogo Village in Paikoro Local Government area will not affect supply of petroleum products.
Maikanti Baru

Maikanti Baru: NNPC to deliver 3.4bscf of domestic gas daily by 2020

The Nigerian National Petroleum Corporation (NNPC) says it will deliver about 3.4 billion standard cubic feet per day (bscfd) of domestic gas daily by 2020 to bridged the current shortfall.
Nigerian National Petroleum Corporation (NNPC)

Winners emerge in 2018 NNPC National Science Quiz for South West

Winners have emerged in the 2018 National Science Quiz organised by the Nigerian National Petroleum Corporation (NNPC) for the South West Geo-political zone.

NNPC depot in Minna gutted by fire

Fire gutted a section of the Nigeria National Petroleum Corporation (NNPC) in Pogo village, Paikoro Local Government Area of Niger on Sunday with fire service officials still trying put out the fire.

Recent Stories

Minister Lokpobiri tasks farmers on modern farming system

The minister stated this when he received a delegation from the Africa-Asia Rural Development Organisation (AARDO) led by Secretary General of the Organisation, Eng. Wassfi Hassan El Sreihin in his office in Abuja.

Minister: Hydro-power to generate 19,000 MW

The Federal Government said that electricity generation from hydro sources could reach 19,000 megawatts if fully harnessed.
Donald Trump

Back in Washington, Donald Trump under pressure to reverse course on Russia

President Donald Trump found himself isolated and under pressure to reverse course Tuesday after publicly challenging the US intelligence conclusion that Russia meddled in the 2016 election during his face-to-face with Vladimir Putin.

Bayelsa IGR hits N1 billion mark

The Chairman of the Bayelsa State Board of Internal Revenue (BIR), Ayawei Nimbofa, has attributed the rise in Bayelsa’s monthly internally generated revenue above N1billion mark to deployment of electronic collection system.
Former US President Barack Obama

Barack Obama: French World Cup victors show triumph of diversity

Former US president Barack Obama on Tuesday singled out the African heritage of many players in France’s World Cup-winning football team in a speech paying tribute to Nelson Mandela.