Tag Archives: NNPC

Osinbajo admits approving NNPC contracts

Vice-President Yemi Osinbajo has admitted he approved contracts of the Nigeria National Petroleum Corporation (NNPC) when President Muhammadu Buhari was on medical vacation in the UK. Ibe Kachikwu, minister of state for petroleum resources, had accused Maikanti Baru, group managing ...

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Kachikwu, Baru and the NNPC Debacle – Reuben Abati

By Reuben Abati The current NNPC debacle is probably the most embarrassing, even if mercifully, eye-opening crisis in the history of that nationally strategic institution since its creation in 1977. I seek in the following commentary to offer a number ...

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Our contracting process is perfect… We will continue to follow it – Baru

Maikanti Baru, group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the contracting process of the group is perfect and that they would continue to follow it. Speaking on Monday when he received leaders of some unions ...

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NNPC reacts to Kachikwu’s letter, says Baru does not require Minister of State’s review [Full breakdown of contracts inside]

In the midst of brewing controversy, the Nigerian National Petroleum Corporation (NNPC) has made a release today breaking silence on the recent letter written by the Minister of State for Petroleum, Dr Ibe Kachikwu to President Muhammadu Buhari. In the ...

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NNPC denies having hidden accounts

The Nigerian National Petroleum Corporation (NNPC) has denied the report that it kept funds in some commercial banks, rather than remitting into the treasury single accounts (TSA) as directed by the federal government. In a statement by Ndu Ughamadu, its ...

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Kachikwu’s allegations against Baru are “too grave to be swept under the carpet” – PDP

The Peoples Democratic Party (PDP) has expressed shock over the silence of President Muhammadu Buhari on the petition of Ibe Kachikwu, minister of state for petroleum resources, noting that the allegations are “too grave to be swept under the carpet” ...

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Policeman arrested in Lagos hotel used as ‘base of kidnappers, oil vandals’

Operatives of the Nigeria National Petroleum Corporation (NNPC) surveillance team on Wednesday arrested a policeman and a tanker driver who were part of a pipeline vandals syndicate reportedly using a Lagos hotel as a base. The surveillance team traced the smell ...

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NNPC begs pipeline vandals to keep away from pipelines

The Nigerian National Petroleum Corporation, NNPC, has appealed to pipeline vandals to desist from destroying pipelines in the country. NNPC says it has marked its pipelines to avert vandalism and fire outbreaks to sustain the current steady supply of petroleum ...

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NNPC does not see a penny from crude sales – Baru

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said the oil firm does not “see a penny” from the sale of crude oil. Baru asserted the above in response to reports, especially from the ...

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NNPC saves $3bn annually from oil production cost

The Nigerian National Petroleum Corporation (NNPC) says it has successfully reduced the cost of producing one barrel crude oil to $23 from $78 as at August 2015, has therefore been able to save about $3 billion annually. According to a ...

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