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Tag "NNPC"

Ifeanyi Ararume sues Buhari for ‘wrongful removal’ as NNPC board chairman

    Ifeanyi Ararume sues Buhari for ‘wrongful removal’ as NNPC board chairman

Ifeanyi Ararume, a former senator representing Imo north, has sued President Muhammadu Buhari for allegedly removing him wrongfully as board chairman of the Nigerian National Petroleum Company (NNPC) Limited. Buhari

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NNPC, Akwa Ibom sign deal on marine logistics hub to support offshore construction

    NNPC, Akwa Ibom sign deal on marine logistics hub to support offshore construction

The Nigeria National Petroleum Company (NNPL) Limited, Akwa Ibom government, and Solutions Hub Limited, have signed a deal to establish a fully integrated, deepwater logistics shore base in the state.

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NEITI: Nigeria spent over N13trn on petrol subsidy in 15 years

    NEITI: Nigeria spent over N13trn on petrol subsidy in 15 years

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the country spent N13.7 trillion ($74.386 billion) on petrol subsidy payments from 2005 to 2020. Ogbonnaya Orji, executive secretary, NEITI, disclosed this

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Nigeria will stop importing petroleum products by mid-2023, says Kyari

    Nigeria will stop importing petroleum products by mid-2023, says Kyari

Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says the country will stop importing petroleum products by mid-2023.  Kyari spoke on Tuesday during a press

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Petrol subsidy: Reps summon auditor-general over discrepancies in NNPC documents

  Petrol subsidy: Reps summon auditor-general over discrepancies in NNPC documents

The house of representatives has summoned the auditor-general for the federation to provide evidence of an audit on the payments

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Report: ExxonMobil, Shell, Chevron to withdraw multi-billion dollar suits against NNPC

  Report: ExxonMobil, Shell, Chevron to withdraw multi-billion dollar suits against NNPC

Shell Plc, ExxonMobil Corporation, Chevron Corporation, and Equinor ASA say they will withdraw their lawsuits of about $3 billion, against

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NNPC to receive N422bn from six IOCs for domestic crude oil sales

  NNPC to receive N422bn from six IOCs for domestic crude oil sales

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N442.37 billion in August as

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NEC to set up committee over governors’ concerns on NNPC’s ownership structure

  NEC to set up committee over governors’ concerns on NNPC’s ownership structure

The national economic council (NEC) has issued a directive to set up a sub-committee to consider concerns raised by state

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EXCLUSIVE: Nigeria’s petrol subsidy in 6 months surpassed NNPC’s oil revenue by N210bn

  EXCLUSIVE: Nigeria’s petrol subsidy in 6 months surpassed NNPC’s oil revenue by N210bn

In the first half of 2022, petroleum subsidy claims surpassed oil and gas revenue from crude sales by N210 billion,

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Oil theft: EU, NNPC inspect illegal refinery site in Rivers

  Oil theft: EU, NNPC inspect illegal refinery site in Rivers

The European Union(EU), the Nigerian National Petroleum Company Ltd (NNPC), and the Joint Task Force (JTF) Operation Delta Safe have

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