NNPC adopts measures to stem pipeline vandalism

The NNPC says it will adopt security measures to address issues affecting its operations in host communities to stabilse the situation and stop vandalism of oil facilities. The Group Managing Director of the company, Dr Maikanti Baru, said this at a dinner for media executives in Abuja on Thursday. He said vandalism of pipelines constituted……

After N11bn PMS with Ifeanyi Ubah, MRS goes missing NNPC sacks 3 directors

Few weeks after the Nigerian National Petroleum Corporation (NNPC) announced measures to achieve full recovery of over 130million litres of premium motor spirit (PMS) worth N11billion from Capital Oil & Gas Limited, it has sacked three of its directors and deployed four others. While the reason for sending the directors on compulsory leave was not…

NNPC confirms sack of officials, says replacements to be announced soon

The Nigerian National Petroleum Corporation (NNPC) on Thursday confirmed the disengagement of officials linked with missing 130 million liters of petrol. A high ranking source in the ministry, who did not wish to be named, made the confirmation to the News Agency of Nigeria (NAN) on Thursday in Abuja. The source said: ”a committee has……

NNPC sacks three Directors over N11bn missing petrol fund

The Nigerian National Petroleum Corporation has fired three of its senior officials over their alleged involvement in N11bn missing fuel scandal. Punch reports that the Corporation has deployed four others to man the vacant positions. The report quoted the Corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, however, as saying the affected officials…

Reps demand details of NNPC’s multiple accounts

The House of Representatives has mandated Nigerian National Petroleum Corporation (NNPC) to provide details of all its multiple accounts operated before the introduction of Treasury Single Account (TSA). The House gave the charge in Abuja on Tuesday through its Ad hoc Committee investigating the 17 billion dollars undeclared crude exported. This is to enable the……

Nigeria Refining Capacity Increases by 29% …As NNPC Cuts Losses by 16.19%

Nigeria Refining Capacity Increases by 29% The combined installed Capacity utilization of the Nigerian National Petroleum Corporation’s refineries located in Port Harcourt, Warri and Kaduna increased by about 29 percentage points in January 2017 compared with their performance in December 2016. In the latest of the Corporation’s Monthly Financial and Operations Report for January released…

News Summary; 11/04/2017 CAS Deploys Assets To Combat Insecurity

CAS Deploys Assets To Combat Insecurity The Nigerian Air Force is to step up deployment of assets to curb incidence of insecurity in Benue State. Chief of Air Staff, Air Marshal Sadique Abubakar said this during discussion with Governor samuel ortom of Benue state. CG Customs on Productivity Comptroller General of Customs, Colonel Hameed Ali…

Mosimi oil Depot resumes loading 1year after vandalism

Almost a year after a major Nigerian National Petroleum Corporation (NNPC) owned oil facility, the Mosimi oil Depot, near Ogun State, was put out of use by suspected Niger Delta militants, the corporation has announced that it is about to resume loading products from the depot before the end of April. Oil pipes to the…

NNPC owes Nigeria $22bn, N316bn – NEITI

The Nigerian National Petroleum Corporation (NNPC) and its subsidiaries have been indicted for non-remittance to the tune of $22 billion and N216billion to government. Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary, Waziri Adio, made the disclosure to newsmen in Abuja yesterday. Adio said that “audits of the oil and gas sector carried out by…

NNPC denies planned petrol price increase

The Nigerian National Petroleum Corporation (NNPC) has debunked speculations making the rounds that the federal government is set to increase the price of petrol. This followed the increase in the bridging allowance to transporters from N6.20 to N7.20 on Monday. A statement released on Tuesday by NNPC’s Group General Manager, Public Affairs, Ndu Ughammadu, explained…