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Fuel scarcity: 4,501 loaded petrol tankers disappeared in December – NNPC

Jan 5, 2018

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru said 4,501 petrol trucks were simply untraceable, vanishing from the Nigerian radar, during the biting fuel supply crisis. “Due to massive diversion, hoarding, panic buying and smuggling, coupled with the information that three Direct Sales Direct Purchase Consortia had rejected October cargoes,…

Senate summons Kachikwu, Baru over lingering fuel scarcity

Dec 29, 2017

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Olaotan Falade

in Nigeria, Top Story

Sequel to Senate President’s directive on Wednesday that the Committee on Petroleum Resources (Downstream) join in efforts to end the current fuel scarcity that has lingered for close to four weeks now, has committee has summoned the Minister of State for Petroleum, Ibe Kachikwu, and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC,…

NNPC condemns DAPPMA over claims of fuel scarcity

Dec 27, 2017

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Femi Ajasa

in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has condemned the recent claims by the Depot and Petroleum Products Marketers Association (DAPPMA) on the issue of fuel scarcity, especially Premium Motor Spirit, popularly known as petrol. NNPC described as very unfortunate, claims by DAPPMA that the fuel scarcity witness across the country was due to the inability…

Fuel scarcity will end in two days, NNPC GMD, Baru assures Nigerians

Dec 25, 2017

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Olaotan Falade

in Business News, Nigeria, Top Story

…says PMS now being subsidized for N26 per litre The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru on Sunday allayed the fears of Nigerians while insisting that the scarcity of petroleum products will end in two days time. Baru also said the product is now being subsidised to the tune…

NNPC to construct 4,600MW power plants for Abuja, Kaduna, Kano – Baru

Dec 21, 2017

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Olaotan Falade

in Business News, Nigeria

In a bid to improve the current epileptic power supply in some parts of the country, the Nigerian National Petroleum Corporation (NNPC) on Wednesday announced that it would build power generating plants with combined capacity for 4,600 megawatts in Abuja, Kaduna and Kano states. The Corporation explained that the resolve to invest in the power…

Don’t embark on your proposed strike, Baru begs petroleum marketers

Dec 1, 2017

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Olaotan Falade

in Business News, Nigeria

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, has appealed to Independent Petroleum Marketers Association of Nigeria, IPMAN, not to embark on their proposed strike action on December 11. Mr. Baru made the appeal during the commissioning of the NNPC Ultra-Mega Station in Shagamu, Ogun State. The News Agency of Nigeria reports…

$25bn NNPC scam: NASS turns down Baru’s controversial dinner

Oct 31, 2017

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Femi Ajasa

in News, Top Story

Members of National Assembly on Tuesday turned down an invitation to a dinner with the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru over pressure mounted on the legislative body by netizens. The “special dinner”, which was scheduled to hold at 7.00pm in Congress Hall of the Transcorp Hilton,…

NNPC working hard to stimulate Nigeria’s economic growth – Baru

Oct 18, 2017

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Olaotan Falade

in Business News, News

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Wednesday, said he was pursuing an “aggressive gas development programme’’ to stimulate economic growth. Baru said this in a statement by Mr Ndu Ughamadu, NNPC Group General Manager Group Public Affairs Division, in Abuja. According to him, the corporation was…

Kachikwu, Baru reconcile, agree to work together to ensure petroleum industry growth

Oct 11, 2017

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Femi Ajasa

in News, Top Story

Throwing away their differences, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, met on Tuesday and agreed to ensure a petroleum industry regulator free from the vagaries of politics. The two industry leaders met at a breakout session at the ongoing 23rd Nigerian…

Photos of the day: Kachikwu, Baru meet, exchange smiles, compliments

Oct 10, 2017

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Femi Ajasa

in News, Top Story

The Minister of State for Petroleum Resources, Dr. Ibe kachikwu, on Tuesday met the Group Managing Director of NNPC, Dr. Maikanti Baru at the 23rd Nigerian Economic Summit in Abuja.

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