Tag "PPMC"

    OBITUARY: Achimugwu, Nigeria’s first coronavirus casualty, joined NNPC at 25

OBITUARY: Achimugwu, Nigeria’s first coronavirus casualty, joined NNPC at 25

Suleiman Achimugwu, a trained chemical engineer rose from a junior cadre to top manager at the Nigerian National Petroleum Corporation (NNPC). The deceased goes into history as the first recorded casualty of coronavirus. On March 23, after recording over 30 cases of coronavirus in Nigeria, the Nigeria Centre for Disease Control (NCDC) confirmed Achimugwu as the first to die of the [...]

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NNPC official: Before SAP, we lost N52m daily from fraud operations in our downstream ventures

Danladi Inuwa, group general manager, information technology division  (ITD) at the Nigerian National Petroleum Corporation (NNPC), says the corporation lost as much as N52 million daily from fraudulent operations in its downstream ventures before adopting the Systems Applications Products (SAP) enterprise resource planning programme. Inuwa who spoke in an interview published in the April edition of NNPC news, the corporation’s monthly [...]

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NNPC records $12.13bn trading surplus in December 2018

Despite an increase in pipeline breaches across the country, the Nigerian National Petroleum Corporation (NNPC) says it recorded a trading surplus of $12.13 billion in December 2018. This is according to the corporation’s Monthly Financial and Operations Report for December 2018.    In a statement signed by Ndu Ughamadu, NNPC spokesperson on Sunday, the state oil firm said the surplus was due [...]

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    PPMC: We don’t need to consult national assembly over fuel subsidy

PPMC: We don’t need to consult national assembly over fuel subsidy

Umar Ajiya, the managing director of the Petroleum Products Marketing Company (PPMC), says the act establishing the NNPC covers for any extra cost incurred on importation. Ajiya was speaking on Sunrise Daily, a programme on Channels TV, on Friday. PPMC, a subsidiary of NNPC, handles the distribution of petroleum products. Senators had described the extra payments on petrol as illegal because the oil [...]

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    NNPC: Oil marketers indicted us unjustifiably despite owing N26.7bn

NNPC: Oil marketers indicted us unjustifiably despite owing N26.7bn

The Nigerian National Petroleum Corporation (NNPC) has accused the Depot and Petroleum Products Marketers Association (DAPPMA) of indicting it unjustifiably. DAPPMA had denied being responsible for the scarcity, saying depots belonging to its members were empty. The marketers also said there are always issues when the NNPC takes on the role of “sole importer” as it currently does, there are problems. But in a [...]

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    ‘Fuel theft’: Senate tells NNPC to go beyond sacking its officials

‘Fuel theft’: Senate tells NNPC to go beyond sacking its officials

The senate has urged the Nigerian National Petroleum Corporation (NNPC) to restructure its operations in a bid to ensure transparency. Reacting to the retirement of some officials over the controversy surrounding missing 130 million litres of fuel, the legislative chamber advised the corporation to go beyond sacking of the officials indicted in the issue. Last week, the oil firm announced that three [...]

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    Avengers ‘hit’ NNPC, Chevron pipelines

Avengers ‘hit’ NNPC, Chevron pipelines

The Niger Delta Avengers (NDA), the militant group leading the attacks on oil installations, has blown up pipelines belonging to Chevron and the Nigerian National Petroleum Corporation (NNPC). Mudoch Agbinibo, spokesman of the group, disclosed this in a brief statement. "At 10pm Niger Delta Avengers blew up Chevron Well 10 close to Otunana flow station," he said. "Other attacks were carried out at [...]

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    FG clears N413bn subsidy to avert fuel scarcity

FG clears N413bn subsidy to avert fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) says building fuel queues in petrol stations across the nation will be eliminated in no time, as the federal government has ordered the payment outstanding subsidy claims. NNPC said it would inject of additional volumes of premium motor spirit to enrich product availability in the affected areas. In a statement on Wednesday, Ohi Alegbe, group general manager [...]

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