Tuesday, September 25, 2018

Tag "NNPC"

    Tambuwal: I will tackle issues of secrecy in NNPC if elected president

Tambuwal: I will tackle issues of secrecy in NNPC if elected president

Aminu Tambuwal, a Peoples Democratic Party (PDP) presidential aspirant, says he will tackle "secrecy" in the Nigeria National Petroleum Corporation (NNPC) if elected president.Tambuwal said this on Saturday in Calabar when he paid a visit to Ben Ayade, governor of Cross River.The governor said he would ensure that there is transparency in the corporation in terms of its operations and [...]

0 comment Read Full Article
    REVEALED: How Obasanjo ran NNPC as ‘one-man business’ for eight years

REVEALED: How Obasanjo ran NNPC as ‘one-man business’ for eight years

A new book has told of how ex-President Olusegun Obasanjo ran the Nigerian National Petroleum Corporation (NNPC) as a "sole administrator" for the eight years he led the country.According to the book titled ‘Too Good to Die: Third Term and the Myth of the Indispensable Man in Africa’, while serving as minister of petroleum resources, the former president never discussed [...]

0 comment Read Full Article
    CSO asks EFCC to probe NNPC over 2016 audit report

CSO asks EFCC to probe NNPC over 2016 audit report

The Civil Society Network Against Corruption (CSNAC) has asked the Economic and Financial Crimes Commission (EFCC) to commence investigation into allegations of missing and unremitted funds levelled against some agencies, including the Nigerian National Petroleum Corporation (NNPC).The civil society organisation (CSO) based its demand on an audit report of some ministries and agencies by Price WaterHouse Coopers in 2016.In a petition to [...]

0 comment Read Full Article
    ‘Tales by moonlight’ — NNPC dismisses Baru’s alleged funding of plot to unseat Saraki

‘Tales by moonlight’ — NNPC dismisses Baru’s alleged funding of plot to unseat Saraki

The Nigerian National Petroleum Corporation (NNPC) says Maikanti Baru, its group managing director, is not involved in any plot to impeach Senate President Bukola Saraki.Saraki defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP) on Tuesday, after which the ruling party said he should step down as senate president.The NNPC said the allegation that Baru is [...]

0 comment Read Full Article
    Nigeria to become third largest gas exporter by December, says NLNG

Nigeria to become third largest gas exporter by December, says NLNG

[...]

0 comment Read Full Article
    Only an angel can run NNPC transparently, says Sanusi

Only an angel can run NNPC transparently, says Sanusi

Muhammadu Sanusi, emir of Kano, says only angels can run the Nigerian National Petroleum Corporation (NNPC) in a transparent manner.Speaking with PUNCH in commemoration of his fourth year on the throne, Sanusi said payment for subsidy should be scrapped.The monarch said money paid for subsidy could make changes in the power, agriculture, education and health sectors.“It is not about the [...]

0 comment Read Full Article
    Reps probe ‘mismanagement’ of $22bn LNG project set up under Obasanjo

Reps probe ‘mismanagement’ of $22bn LNG project set up under Obasanjo

The house of representatives on Thursday resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the implementation of the Brass Liquefied Natural Gas project.The resolution was sequel to a motion raised by Kingsley Chinda, a lawmaker from Rivers state, on the need to investigate the alleged mismanagement of $22 billion meant for take-off and running of the project.The gas [...]

0 comment Read Full Article
    Prosecution witness: How Yakubu, ex-NNPC GMD, hid $9.7m from EFCC

Prosecution witness: How Yakubu, ex-NNPC GMD, hid $9.7m from EFCC

Andrew Yakubu, former group managing director of the Nigerian National Petroleum Corporation (NNPC), concealed $9.7 million and £74,000 from the Economic and Financial Crimes Commission (EFCC), according to Sambo Maina, a prosecution witness.In February 2017, the EFCC recovered the aforementioned sums in a fireproof safe at Yakubu's residence.He is alleged to have omitted the monies from the EFCC asset declaration form [...]

0 comment Read Full Article
    Omokore: Me, steal $3bn? Osinbajo’s office was misinformed

Omokore: Me, steal $3bn? Osinbajo’s office was misinformed

Jide Omokore, a business associate of Diezani Alison-Madueke, a former minister of petroleum resources, has denied stealing $3 billion in connivance with the minister.Laolu Akande, spokesman of Vice-President Yemi Osinbajo, had accused the trio of Omokore, Alison-Madueke and Kola Aluko, another businessman, of stealing $3 billion from the Nigerian National Petroleum Corporation (NNPC).Akande had said: “The companies of both Jide Omokore [...]

0 comment Read Full Article
    ICAN honours AbdulRazaq, NNPC’s chief finance officer

ICAN honours AbdulRazaq, NNPC’s chief finance officer

The Institute of Chartered Accountants of Nigeria (lCAN) has honoured Isiaka AbdulRazaq, chief finance officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) with a merit award.According to ICAN, AbdulRazaq was singled out for his "exemplary leadership and the promotion of transparency and accountability".At an event in Lagos, AbdulRazaq was honoured alongside Kemi Adeosun, minister of finance; Babatunde Fowler, chairman [...]

0 comment Read Full Article
    Adeosun: $322m Abacha loot will be spent on poor, vulnerable households

Adeosun: $322m Abacha loot will be spent on poor, vulnerable households

Kemi Adeosun, minister of finance, says the $322 million Abacha loot repatriated from the Swiss government will be spent on poor households under the social safety net programme of the federal government.Addressing journalists on Sunday in Washington DC at a joint press conference with Godwin Emefiele, governor of the Central Bank of Nigeria, the minister said the funds are in [...]

0 comment Read Full Article
    To kill 29 birds with two stones

To kill 29 birds with two stones

The All Progressives Congress (APC) has no one but itself to blame for the back-and-forth with the Peoples Democratic Party (PDP) over the "lists of looters" it released last week.After the bazaar of the Jonathan era, that there’s any argument at all about who was named or omitted in the lists of who-stole-what, is a sign of how badly President [...]

0 comment Read Full Article
    Kachikwu: New oil licences will be issued when PIGB becomes law

Kachikwu: New oil licences will be issued when PIGB becomes law

Ibe Kachikwu, minister of state for petroleum resources, says new licences for oil blocks will be issued when the petroleum industry governance bill (PIGB) is passed by the national assembly. [...]

0 comment Read Full Article
    Falana: NNPC wrong to reject my request on disgraceful importation of fuel

Falana: NNPC wrong to reject my request on disgraceful importation of fuel

Femi Falana, human rights lawyer, has criticised the Nigerian National Petroleum Corporation (NNPC) for rejecting a request to provide information on the amount of money spent on petrol subsidy and turnaround maintenance of refineries.Using the freedom of information (FOI) act, Falana asked the commission to disclose the revenue realised from the sale of the daily allocation of 445,000 barrels of crude oil [...]

0 comment Read Full Article
    Diezani to Kachikwu, Yakubu to Baru… for Nigerians, nothing seems to change at NNPC

Diezani to Kachikwu, Yakubu to Baru… for Nigerians, nothing seems to change at NNPC

In May 2016, when the federal government eventually bowed to price pressures and increased the pump price of petrol to N145 per litre to reflect the market realities at the time, I warned that it was a golden opportunity to deregulate the downstream petroleum sector in Nigeria.I argued that Nigeria will keep revolving around the mountain of pump price increase and [...]

1 comment Read Full Article
Advertisement

 

Advertisement

Advertisement

Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement