Saturday, June 15, 2019

Tag "NNPC"

    Over 60,000 candidates sit for NNPC recruitment test

Over 60,000 candidates sit for NNPC recruitment test

No fewer than 60,000 candidates have sat for the computer based test (CBT) of the Nigerian National Petroleum Corporation (NNPC) recruitment exercise in the country.Isa Inuwa, chief operating officer corporate services, disclosed this to journalists while monitoring some of the CBT centres in Abuja on Saturday.“This is fantastic, you can see everything is going on well. We have two centres [...]

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    2019 Recruitment: NNPC fixes June 1 for aptitude test

2019 Recruitment: NNPC fixes June 1 for aptitude test

The Nigerian National Petroleum Corporation (NNPC) says all shortlisted candidates for its recruitment will sit for computer based test (CBT) on Saturday, June 1, 2019 across the country.Ndu Ughamadu, the corporation’s spokesman, disclosed this in a statement in Abuja on Thursday.He said that the scheduled CBT for shortlisted candidates marked the third phase of the recruitment process.Ughamadu noted that the [...]

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    NNPC: We didn’t exclude disabled people in ongoing recruitment

NNPC: We didn’t exclude disabled people in ongoing recruitment

The Nigerian National Petroleum Corporation (NNPC) says it did not exclude people living with disability in its ongoing recruitment process.Ndu Ughamadu, NNPC group general manager, group public affairs division, disclosed this in an interview with NAN in Abuja on Tuesday.“We have a corporate policy here and we do employ many of the physically challenged persons in the corporation. We have [...]

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    Dickson: Bayelsa doesn’t get 13% derivation because NNPC is more powerful than FG

Dickson: Bayelsa doesn’t get 13% derivation because NNPC is more powerful than FG

Seriake Dickson, governor of Bayelsa, says the most powerful entity in the country is the Nigerian National Petroleum Corporation (NNPC) and not the federal government.Speaking when he featured in an interview with Osasu Igbinedion on The Osasu Show, Dickson said Bayelsa and other oil-producing states get less than the supposed 13 percent oil derivation owing to the supposed might of [...]

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    Reps panel ‘uncovers’ $995m FG funds outside TSA

Reps panel ‘uncovers’ $995m FG funds outside TSA

A house of representatives panel says it has uncovered public funds outside the treasury single account (TSA) to the tune of $995.71 million.The ad hoc committee on the need to ascertain the proceeds of the treasury single account made the submission in its report considered and adopted by the house on Thursday.According to the committee chaired by Danduram Abubakar, federal [...]

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    NNPC pledges use of new technology to reduce crude oil production cost 

NNPC pledges use of new technology to reduce crude oil production cost 

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    Ondo oil well still burning — 18 days after explosion

Ondo oil well still burning — 18 days after explosion

The Nigerian National Petroleum Corporation joint venture (NNPC/CNL JV) Ojumole well 1 in Ilaje local government area of Ondo state operated by Chevron Nigeria Limited (CNL) is still burning 18 days after explosion.The explosion, which occurred on the oil field on April 18 in Ikorigho community in the state, sparked tension among residents.Speaking with TheCable, Owolemi Ayerin, a chief in [...]

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    ‘We have over 1bn litres of petrol’– NNPC debunks rumour of impending fuel scarcity

‘We have over 1bn litres of petrol’– NNPC debunks rumour of impending fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country.  [...]

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    REVEALED: Why Chinese investors pulled out of NNPC’s greenfield refinery projects

REVEALED: Why Chinese investors pulled out of NNPC’s greenfield refinery projects

Mohammed Usman, head of the greenfield refineries division of the Nigerian National Petroleum Corporation (NNPC), says investor fatigue made Chinese companies pull out of agreements to build new refineries.Usman made this known during an interview published in the February edition of NNPC News, the monthly publication of the corporation.According to him, the federal government had terminated agreements previously held with [...]

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    Eterna: Why we’re expanding as oil majors sell downstream arm

Eterna: Why we’re expanding as oil majors sell downstream arm

Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's "challenging operating environment".Tukur was speaking during a press briefing to mark the company’s 30-year anniversary in Lagos on Tuesday.In the last three years, international oil companies (IOCs) and independent operators in Nigeria's oil industry have divested their assets either party or fully, but [...]

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    Navy nabs ‘godfather of oil thieves’ in Lagos

Navy nabs ‘godfather of oil thieves’ in Lagos

A joint military task force on oil theft and pipeline vandalism operated by the Nigerian navy has captured Shuaibu Ogunmola, the alleged leader of an oil theft racket. [...]

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    Atiku: NNPC is a mafia organisation… I’d privatise it even if they’d kill me

Atiku: NNPC is a mafia organisation… I’d privatise it even if they’d kill me

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has described the Nigerian National Petroleum Corporation (NNPC) as a “mafia organisation”, vowing to privatise it if elected.Speaking in Lagos during an interactive session with the business community on Wednesday, Atiku said he would take the step even if doing so would cost him his life.He explained that he sold [...]

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    Reinventing the false narrative about PPPFM and OMS

Reinventing the false narrative about PPPFM and OMS

On September 16, 2015, an online news platform published an exclusive report regarding the domestic transportation of crude oil contract of PPP Fluid Mechanics (PPPFM) and Ocean Marine Solutions (OMS) Limited with the Nigerian National Petroleum Corporation (NNPC). But in a swift riposte, the management of PPPFM attacked the report on the grounds that it contained, "largely in all material [...]

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    Kachikwu: We’ve generated over $2bn from oil block licences to fund 2019 budget

Kachikwu: We’ve generated over $2bn from oil block licences to fund 2019 budget

Ibe Kachikwu, minister of state for petroleum resources, says the federal government has generated over $2 billion from the renewal of oil block licences.The former group managing director the Nigerian National Petroleum Corporation (NNPC) said the funds will be used to implement the nation's budget.“We have actually asked for early renewals, because we needed to get money out of it [...]

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    Obono-Obla: Oil companies contributing to Nigeria’s economic woes

Obono-Obla: Oil companies contributing to Nigeria’s economic woes

Okoi Obono-Obla, chairman, special presidential investigation panel for recovery of public property, says oil companies are contributing to Nigeria’s economic woes.Obono-Obla made the remark on Monday during a press briefing where he spoke on recent activities of the panel.According to him, some of the international oil companies (IOCs) have not paid income taxes or royalties on oil blocs they’ve been [...]

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    Senate committee: NNPC used NLNG’s $1.05bn dividend to support fuel import

Senate committee: NNPC used NLNG’s $1.05bn dividend to support fuel import

The Nigerian National Petroleum Corporation (NNPC) says the senate has confirmed that $1.05 billion from Nigeria Liquefied Natural Gas (NLNG) is not missing.According to a statement signed by the NNPC spokesman, Ndu Ughamadu, the funds were used to support the importation of petroleum products into the country."The Chairman of the Senate Committee on Gas, Senator Bassey Albert, Thursday in Abuja, clarified [...]

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Exchange Rates

June 14, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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