Tag: NNPC
-
FLASH: Reps probe NNPC’s JV, production sharing contracts in last 32 years
Just a day after the Nigerian National Petroleum Corporation transformed into the Nigerian National Petroleum Company Limited, the House of Representatives has begun a major probe into its Joint Venture (JV) operations and Production Sharing Contracts (PSCs), beginning from 1990 till date.
-
BREAKING: FG to spend N6.72 trillion on fuel subsidy in 2023
Nigeria’s federal government (FG) has said it would make a provision of N6.72 trillion for fuel subsidy in 2023. TheNewsGuru.com (TNG) reports the Minister of Finance Budget and National Planning, Mrs Zainab Ahmed disclosed this in Abuja on Thursday.
-
FACT CHECK: New PMS price review not authorised by NNPC
Following weeks of fuel scarcity in some parts of the country, reports emerged Tuesday that the Nigerian National Petroleum Company (NNPC) Limited had “quietly” approved an upward review of the pump price of Premium Motor Spirit (PMS). According to reports, the directive which was allegedly issued by the NNPC to fuel marketers varied according to…
-
NNPC Ltd to disclose new asset base – Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) says its huge asset base will be disclosed soon in view of its current status. Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd made this known on Tuesday at a media chat after the Presidential unveiling of the New NNPC Limited at the Presidential Villa,…
-
Five facts about the newly unveiled NNPC Limited
Nigeria’s President Muhammadu Buhari, has today unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited) in line with the provisions of the Petroleum Industry Act, 2021. The transition from a corporation which took place at the State House, Abuja, is aimed at promoting transparency, accountability and energy security.
-
NNPC now free from institutional encumbrances – Buhari declares
President Muhammadu Buhari on Tuesday officially unveiled the Nigerian National Petroleum Company (NNPC) Limited and declared that the new national oil company is now forthwith free from institutional encumbrances.
-
Scarcity: How we are tackling fuel queues in Abuja – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its weekly activities with a resolve to quickly end the incessant queues at various filling stations in the Federal Capital Territory (FCT), Abuja. By this resolution, the company in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stepped up the supply of Premium…
-
Reps take action to probe subsidy payments under Buhari
The House of Representatives has resolved to investigate payments for subsidies on petroleum products primarily Premium Motor Spirit popularly known as petrol under the regime led by President, Muhammadu Buhari.
-
Fuel subsidy: NNPC pays N74bn to marketers in 7 months
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has paid the sum of N74 billion to oil marketers as bridging claims in the past seven months. The authority made this known in a statement signed by Mr Kimchi Apollo, the General Manager, Corporate Communications, NMDPRA, on Wednesday in Abuja.
-
No refinery is functional in Nigeria – NNPC GMD
Mr Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd says there is no single refinery working at the moment in the country. Kyari disclosed this when he appeared before the House of Rep joint Committee on Petroleum Resources (Downstream) on Tuesday in Abuja. The committee is investigating the increased…