Tag Archives: NNPC

RMAFC kicks against sale of NLNG

RMAFC kicks against sale of NLNG

The Revenue Mobilization Allocation and Fiscal Commission has disagreed with Aliko Dangote on the sale of Nigerian Liquefied Natural Gas (NLNG) and other Federation Assets he proposed during an interview with a cable Television, the CNBC Africa as a way of augmenting the current revenue shortfall as a result of economic recession. In a press

Kachikwu’s efforts pay off as former NNPC boss, Barkindo emerges OPEC Secretary General

After months of shuttle diplomacy anchored by the Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Nigeria’s quest to clinch the top job at the Organization of the Petroleum Exporting Countries, OPEC, yielded dividend on Thursday with the appointment of Mohammed Sanusi Barkindo as the Secretary General of the Organization. Barkindo is expected

Oil workers suspend nationwide strike

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) alongside Group Executive Councils of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have announced the suspension of the nationwide strike embarked by oil workers. NNPC via its twitter handle @NNPCgroup with

Fuel scarcity to worsen as oil workers shut down NNPC operations nationwide

Oil workers unions on Wednesday shut down the operations of Nigerian National petroleum Corporation (NNPC) nationwide. The unions are Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Workers at the NNPC headquarters in Abuja were stopped from entering their offices. Attempt to get the

FG to unbundle NNPC into five operational zones

The Minister of State, Petroleum Resources, Dr Ibe Kachikwu, on Thursday said that a major overhaul of the Nigerian National Petroleum Corporation (NNPC) system would be announced in the next one week. Kachikwu stated that NNPC would be unbundled to four or five main operational zones comprising 30 companies to be headed by a director

Fuel Scarcity: NNPC to build 109 new mega-stations nationwide

In a deft move designed to ensure efficient distribution and country-wide penetration of petroleum products, the Nigerian National Petroleum Corporation, NNPC, has commenced nationwide consultation with stakeholders aimed at drumming support for the planned expansion of its retail outlets across the country. Under the expansion plan, NNPC is seeking to expand the market share of

NNPC fire: Army barracks, Warri, in total blackout

The Nigerian army, Three Battalion, Effurun , near Warri, Delta State, has been thrown into darkness following the pipeline fire that engulfed the area earlier in the week. However, the inferno caused by the facility belonging to the Nigerian National Petroleum Corporation has been put out, following the intervention of the corporation’s engineers who disconnected

Fire Erupts At NNPC in Warri

There has been a wild fire outbreak at the office of the Nigerian National Petroleum Corporation (NNPC), behind the ‘Three Battalion’ Barrack Effurun in Warri, Delta State. An eyewitness told Channels Television that the fire occurred as a result of failed clamping repairs on the Pipelines and Product Marketing Company (PPMC) gas pipeline. The failed

NNPC scraps OPA Contracts, cancels bids of 44 shortlisted firms

The Nigerian National Petroleum Corporation (NNPC) has scrapped the controversial Offshore Processing Agreements (OPA) contracts and withdrawn commercial bids issued to 44 shortlisted bidders. The corporation revealed this in multiple tweets. It said: “Following the outcome of the technical evaluation for the 101 tenders submitted in respect of the Offshore Processing Arrangement by PPMC, the

How Buhari’s govt made N83billion from petroleum products in two months

The Nigeria National Petroleum Corporation (NNPC) says it recorded N38.67billion from the sale of downstream petroleum products in September. This is contained in the corporation’s report for September obtained by the News Agency of Nigeria (NAN) in Abuja on Sunday. It stated that the amount was in respect of revenue from “white products” sold by

NNPC opens bid for crude oil lifters today

The Nigerian National Petroleum Corporation (NNPC) is today expected to unveil bids submitted by local and foreign crude oil trading companies vying to secure term contract for the sale and purchase of Nigerian crude oil grades. After obtaining permission from President Muhammadu Buhari to kick-start tendering process for the 2015/2016 Crude Oil Term Contract, NNPC

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