Sunday, August 4, 2019

Tag "NNPC"

    NNPC: Why we increased price of Kerosene

NNPC: Why we increased price of Kerosene

The Nigerian National Petroleum Corporation (NNPC) has attributed the increase in the price of household kerosene in the country to the pressure of demand and supply. [...]

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    ‘It was compromised’ — Malami on why Buhari rejected PIGB

‘It was compromised’ — Malami on why Buhari rejected PIGB

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    No plan to increase pump price, says NNPC

No plan to increase pump price, says NNPC

The Nigerian National Petroleum Corporation (NNPC) has dismissed reports that it is planning to increase the price of premium motor spirit (PMS) better known as petrol.In a statement, Ndu Ughamadu, group general manager, group public affairs division of NNPC, said mischief makers are behind the reports.During a visit to Senate President Ahmad Lawan on Wednesday, Mele Kyari, group managing director [...]

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    Baru: I have sacrificed 45.6% of my terminal benefits for NNPC pensioners

Baru: I have sacrificed 45.6% of my terminal benefits for NNPC pensioners

Maikanti Baru, immediate past group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says he has sacrificed 45.6% of his terminal benefit for the corporation's pensioners.Speaking at his valedictory speech in Abuja, on Monday, Baru said he lost N1.5 million to the deliberate sacrifice.He commended the efforts of other officers who worked with him during his tenure.Commending Isiaka [...]

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    Baru blames vandals for Ijegun pipeline explosion, orders immediate repairs

Baru blames vandals for Ijegun pipeline explosion, orders immediate repairs

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), has blamed vandals for the pipeline explosion at Ijegun, a suburb of Lagos state.At least two persons were killed while 30 cars got razed in the incident which occurred on Thursday morning.Speaking with NAN on Thursday, Ndu Ughamadu, corporation's spokesman, said engineers Baru directed to redress the [...]

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    NNPC: We’ll resume oil search in Chad Basin after security clearance

NNPC: We’ll resume oil search in Chad Basin after security clearance

The Nigerian National Petroleum Corporation (NNPC) says it will resume oil search in the Chad Basin as soon as it receive security clearance.  [...]

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    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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Exchange Rates

August 01, 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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