NNPC Archives — Page 10 of 13 — City Business News

October 31, 2018 No Responses

Russia, UAE Partner NNPC On Oil, Gas Development

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their various economies. Speaking...

October 30, 2018 No Responses

NEITI: NNPC, Oil Firms Yet To Remit $22b, N481b To Federation Account

The Nigerian National Petroleum Corporation and other stakeholders in the industry are yet to remit 22.06 billion dollars and N481.75 billion to the Federation Account, the Nigeria Extractive Industry Transparency Initiative (NEITI) has said. NEITI made this k...

September 21, 2018 No Responses

NNPC Records 48% Reduction In Pipeline Vandalism

The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 48.21 per cent reduction in the rate of pipeline vandalism in the month of April 2018. The corporation disclosed this in its monthly Financial Report, released in Abuja,...

September 4, 2018 No Responses

Chinese Oil Firm Guarantees Funding For NNPC’s Project As Buhari Attends FOCAC Business Summit

China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching commitment towards securing funding for the successful financing and subsequent exe...

August 30, 2018 No Responses

NNPC Begins Refueling Services To Ships

The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to set up a subsidiary to provide refueling services to ships and other ocean-going vessels. A statement by its spokesman, Mr Ndu Ughamadu, in Abuja on Wednesday, said the move was...

August 18, 2018 No Responses

NNPC To List 40% Shares

The Nigerian National Petroleum Corporation (NNPC) is to list 40 per cent of its shares on the floor of Nigerian Stock Exchange (NSE) when the Petroleum Industry Governance Bill (PIGB) gets Presidential Assent. Speaking in Lagos at the 2018 annual conferenc...

August 17, 2018 No Responses

NNPC Seeks Clarification On Proposed Petroleum Asset Management Company

The Nigerian National Petroleum Corporation (NNPC) on Thursday sought clarification on the funding structure of the proposed Nigerian Petroleum Asset Management Company (NPAMC) in the Petroleum Industry Governance Bill (PIGB). Dr Maikanti Baru, the Group Ma...

August 15, 2018 No Responses

Nigeria Unveils Agenda For Two Additional Refineries

The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country. The Group General Manager, Group Public Affairs Di...

July 28, 2018 No Responses

Nigeria To Review Revenue Template

President Muhammadu Buhari has ordered for the review of the revenue reporting template between the NNPC and the Federation Account Allocation Committee (FAAC). The Minister of Finance, Mrs Kemi Adeosun conveyed the President’s directive on Friday whil...

July 10, 2018 No Responses

NNPC Kick- Starts Seven Critical Gas Projects

A major stride in the attainment of national energy sufficiency was achieved in Lagos on Monday with the commencement of technical framing workshop and subsequent project signing ceremony of the seven Critical Gas Development Projects (7CGDP) to deliver about ...

July 6, 2018 No Responses

“NNPC Pays $1b Out Of $5b Cash Call”

The Nigerian National Petroleum Corporation (NNPC) has paid $1billion out of its $5billion cash call. The Group Managing Director, Dr. Maikanti Baru stated this in Abuja while addressing the corporation’s workers via a mail broadcast to commemorate his two-y...

July 1, 2018 No Responses

“NNPC Must Remit N20b To Federation Account”

As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commiss...

May 24, 2018 No Responses

NNPC To Approach NPA Board Over Accumulated 20 Years Debts

The Management of Nigerian National Petroleum Corporation (NNPC) may approach the Board of Nigerian Ports Authority (NPA)to seek soft landing on the payment of over 20 years legacy debts. Meanwhile, all debts owed the Nigerian Ports Authority (NPA) by.....

May 14, 2018 No Responses

Kyari Appointed Nigeria’s OPEC Representative

The Nigerian National Petroleum Corporation (NNPC) says its Group General Manager, Crude Oil Marketing Division, Mallam Mele Kyari has been appointed Nigeria’s National Representative to the Organisation of Petroleum Exporting Countries (OPEC). The NNPC sa...