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Tag "NNPC"

$1.7bn debt: Banks get court nod to seize assets of Diezani’s associates

    $1.7bn debt: Banks get court nod to seize assets of Diezani’s associates

A federal high court in Lagos has directed 19 banks to seize assets belonging to businessmen Olajide Omokore and Kolawole Aluko until it decides the fate of a suit seeking

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NNPC: Despite N9bn debt, Capital Oil still creditworthy

    NNPC: Despite N9bn debt, Capital Oil still creditworthy

The Nigerian National Petroleum Corporation (NNPC) says Capital Oil is creditworthy despite the N9.1 billion debt owed by the company. Ibrahim Juma Dansure, executive director, finance and accounts, NNPC retail,

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Capital Oil owed N16bn by NNPC, says Ifeanyi Ubah

    Capital Oil owed N16bn by NNPC, says Ifeanyi Ubah

Capital Oil chairman Ifeanyi Ubah has said the Nigerian National Petroleum Corporation (NNPC) is owing his company N16 billion. He said this on Thursday at a public hearing organised by the house

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NNPC says Ubah has paid N2bn for diverted products

    NNPC says Ubah has paid N2bn for diverted products

Henry Nkem Obi, chief operating officer of the petroleum pricing and marketing company (PPMC), says Capital Oil chairman Ifeanyi Ubah has returned N2 billion out of N11 billion worth of diverted

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NNPC: Diesel now selling for as low as N155 through our intervention

  NNPC: Diesel now selling for as low as N155 through our intervention

The Nigerian National Petroleum Corporation (NNPC) says automotive gas oil (AGO), also known as diesel, is being sold for as low

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France ‘promises to invest’ €1bn in Nigeria’s oil and gas industry

  France ‘promises to invest’ €1bn in Nigeria’s oil and gas industry

The French government has reportedly set aside about one billion euros for investment in the oil and gas industry. Denys

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DSS releases Ifeanyi Ubah after over five weeks in detention

  DSS releases Ifeanyi Ubah after over five weeks in detention

‎The Department of State Services (DSS) has released Ifeanyi Ubah, managing director of Capital Oil and Gas Limited,  after keeping

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NNPC reduces diesel price to N175

  NNPC reduces diesel price to N175

The Nigerian National Petroleum Corporation (NNPC) says it has successfully reduced the price of Automotive Gas Oil (AGO), also known

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34 companies bid to help NNPC go digital

  34 companies bid to help NNPC go digital

The Nigerian National Petroleum Corporation (NNPC) on Tuesday received no fewer than 34 bids submitted by different companies for the

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Ifeanyi Ubah: Diversion of N11bn PMS punishable by death, says DSS

  Ifeanyi Ubah: Diversion of  N11bn PMS punishable by death, says DSS

The Department of State Service (DSS) says the alleged diversion of N11bn worth of petroleum products could cause economic sabotage,

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