Tag: Nigerian National Petroleum Corporation
96 firms bid for rehabilitation of NNPC pipelines, depots
Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots and terminals.
A...
Ologbo IGHF to generate $200m annually – Buhari
President Muhammadu Buhari has said that the Integrated Gas Handling Facility (IGHF) and Liquefied Petroleum Gas (LPG) processing and dispensing plants in Ologbo, Edo...
FG reduces petrol price by N5
The federal government announced the reduction of the pump price of premium motor spirit, popularly called fuel by N5.
The minister of labour and employment,...
$21bn withdrawn from NLNG dividends account not illegal – Kyari
The group managing director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has defended the withdrawal of over $21 billion from the...
Alleged $9.8m fraud: Court dismisses EFCC’s application to cross-examine ex-NNPC GMD
The Federal High Court in Abuja yesterday dismissed an application by the Economic and Financial Crimes Commission (EFCC) to cross-examine former Group Managing Director...
NNPC’s oil, non-oil assets grow to N4.67trn – Report
The Nigerian National Petroleum Corporation (NNPC) has released the 2019 audited financial statement showing that the net value of its oil and non-oil assets...
NNPC’s liabilities exceed assets by N4.4trn – Report
Audited financial statement of the Nigerian National Petroleum Corporation NNPC) for 2019 has shown that its liabilities as a group exceeded assets by N4.4...
NNPC records N1.7bn revenue decline
The Nigerian National Petroleum Corporation (NNPC) on Thursday released its 2019 audited financial statement showing a loss of N1.7 billion during the financial year.
The...
Buhari approves reconstituted NNPC board
President Muhammadu Buhari has approved the reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of...
Free electricity in underway as Reps, stakeholders set up committee
The House of Representatives and stakeholders in the power sector yesterday agreed to set up a joint implementation committee on the proposed two-month free...
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