Posts Tagged ‘NNPC’

Nigerians Call Buhari’s Integrity To Question As NNPC Squanders N81.41bn On Refineries Without Refining Any Crude In 13 Months

By Seun Adeuyi Nigerians have questioned the integrity of President Muhammadu Buhari who also doubles as the Minister of Petroleum Resources over the report that the Nigerian National Petroleum Corporation (NNPC), squandered N81.41bn on refineries between January and August this year without refining a single drop of crude oil. The agony in their reactions was […]

NNPC Fails To Remit $21billion To Federation Account — Revenue Commission

By Adejumo Enock The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has accused The Nigerian National Petroleum Corporation (NNPC) of non – remittance of $21 billions to Federal Account. Meanwhile, NNPC refuted the allegation by RMAFC that it failed to remit $21billion to the Federation Account.In the report submitted to the House of Representatives Committee […]

Fuel Price May Hit N200 As NNPC Increases Ex-Depot Price By N7.5

By Adejumo Enock Pump price of Petroleum Motor Spirit (PMS) also known as fuel may hit N200 as Nigerian National Petroleum Corporation (NNPC) through its subsidiary, Petroleum Products Marketing Company (PPMC) raised its ex-depot price from N147.67 to N155.17, which indicates an increase of N7.5 per litre. PPMS made this known in an internal memo […]

NNPC Boss Commends Labour For Suspending Planned Strike

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari commended the decision of labour leaders on suspending their initial planned strike action. He gave the disclosure via his twitter handle on Monday. He lauded the union’s management for choosing and making the right decision concerning the issue. “I totally understand the complexities […]

NNPC Records 860% Growth In Trading Surplus

The Nigerian National Petroleum Corporation, NNPC, has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations.  This was contained in a release in Abuja, on Thursday by the Group General Manager, Group Public Affairs Division of the corporation, Dr. Kennie Obateru. Acccording to […]

President Buhari to Commission NCDMB 17-Storey Headquarters in Yenagoa

President Muhammadu Buhari will on Thursday next week commission the newly completed 17-storey headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) located at Swali, Yenagoa, Bayelsa State. This was revealed in a press release on Friday, by the NCDMB, informing that Buhari will perform the commissioning virtually after undertaking a virtual tour […]