NNPC

The Federal Government has said only 12 out of 36 States are testing for COVID-19 despite support from the Nigeria Centre for Disease Control (NCDC), the Coalition against COVID-19 (CACOVID), the World Bank and the Nigerian National Petroleum Corporation (NNPC), and other bodies.

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that over N10 trillion was spent on fuel subsidy between 2006 and 2020 without a significant impact on the masses.

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud.

The governor gave the directive when he briefed journalists shortly during a meeting Chaired by Professor Ibrahim Gambari, the Chief of Staff to President Muhammadu Buhari, Inspector General of Police, the Director-General of the Department of State Services, the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) and the Minister of Works and Housing all in attendance.

The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and deport infrastructure across the country.

The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.

The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that its legal team won four major court cases bordering on disputes surrounding oil wells and export terminals that helped the country saved Nigeria N5.04 billion.

A Clarion call has once again gone out to the federal government to review upward the derivation funds to the states to 50 percent.

The CNG (methane stored at high pressure) is a fuel that can be used in place of gasoline, diesel fuel and liquefied petroleum gas (LPG) and its combustion produces fewer undesirable gases than the aforementioned fuels.

The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged in an online media outfit.

The Peoples Democratic Party, PDP, Monday flayed the Buhari Presidency for pushing Nigerians to the wall with “its arrogant display of insensitivity and total disregard to the demands by the citizens” to effect an immediate downward review in the pump price of fuel.

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.

Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this...

Governor Abdulrahman Abdulrazaq of Kwara State has appointed Prince Mahee Abdulkadir, son of the late 10th Emir of Ilorin, Mallam Aliyu Abdulkadir, as the new Chief of Staff.

The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known as petrol, will be beneficial to Nigeria and Nigerians in the long run.

The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company, NPDC.

Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.

Oil marketers have denied receiving petrol subsidy payments in June 2020 as disclosed by the Nigerian National Petroleum Corporation (NNPC) in its latest operations report.