Posts Tagged ‘Nigerian National Petroleum Corporation’
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Osinbajo Replies PDP, Names 3 People Who Stole $3 Billion Under Goodluck Jonathan

by Breaking Timeson May 7, 2018
Nigeria’s Vice President Yemi Osinbajo on Sunday, May 6, 2018, named those whom he alleged stole $3 billion from oil lifted in a strategic alliance contract by the Nigerian National Petroleum Corporation, NNPC, during the administration of former president Goodluck Jonathan, Daily Trust reports. Osinbajo, in a statement by his spokesman, Laolu Akande, named them […]

No plans to increase fuel price – NNPC

by Breaking Timeson April 6, 2017
Following the recent increase in the bridging allowance to transporters from N6.20 to N7.20, the Nigerian National Petroleum Corporation (NNPC) has clarified that it will not lead to an increase in the pump price of Premium Motor Spirit (petrol) from the prevailing price of N145 per litre. The increase in the bridging allowance led to […]

Recover $21.77bn unremitted funds from NNPC, NEITI urges FG

by Breaking Timeson April 5, 2017
In the face of dwindling revenue occasioned by the low price of crude in the international market, the Nigeria Extractive Industries Transparency Initiative (NEITI), has urged the Federal Government to recover about $21.77 billion (N7.2 trillion) unremitted funds from the Nigerian National Petroleum Corporation (NNPC). The amount which includes unremitted N316 billion are aggregation of […]

IBB University discovers Large Crude Oil Deposit in Niger State

by Breaking Timeson March 17, 2017
The Head of Research and Development, Ibrahim Badamasi Babaginda University, Lapai In Niger State Prof. Nuhu Obaje, Thursday said the institute has discovered large quantity of crude oil deposit at Bida Basin. He disclosed that the institution had made its findings known to both the Federal Government as well as the Nigerian National Petroleum Corporation (NNPC). […]

NNPC Loses N411BN in 21 Months

by Breaking Timeson December 22, 2016
A review of financial and operational figures published by the Nigerian National Petroleum Corporation (NNPC) has shown that the it made a total loss of N411.1 billion in 21 months, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said. NEITI, in the NEITI Occasional Paper Series, jointly published with BudgIT said NNPC made profits in […]

Buhari Orders NNPC to pipe Oil from Niger to Kaduna Refinery

by Breaking Timeson November 27, 2016
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said that the agency is exploring the possibilities of piping crude oil from Niger Republic for refining in Kaduna. He made the disclosure to newsmen during a visit to the Kaduna Refining & Petrochemical Company Limited (KRPC) in Kaduna. Baru […]