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NNPC pipeline explodes in Niger State
2 weeks ago

NNPC pipeline explodes in Niger State

The Niger Police Command on Sunday deployed armed personnel to prevent people from scooping petroleum products from the NNPC pipeline that exploded in Dagbo community, Paikoro Local Government Area.

Dibal …
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Salaries may be delayed till FAAC deadlock is resolved
3 weeks ago

Salaries may be delayed till FAAC deadlock is resolved

NIGERIA – The minister of finance, Kemi Adeosun, says the stalemate at the federation account allocation committee (FAAC) meeting will delay the payment of salaries.

Adeosun made this known while …
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Kidnappers kill senior NNPC official after collecting ransom
1 month ago

Kidnappers kill senior NNPC official after collecting ransom

By  •  LOCAL

Kidnappers of a senior official of the Nigerian National Petroleum Corporation, NNPC, identified as John Ihenacho, have killed him after collecting ransom.

Ihenacho was said to have been abducted by …
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NEC accuse 17 revenue generating agencies of underpaying N526bn, $21bn to government
2 months ago

NEC accuse 17 revenue generating agencies of underpaying N526bn, $21bn to government

By  •  BUSINESS, LOCAL

The National Economic Council (NEC) says revenue generating agencies underpaid N526 billion and $21 billion the federation account between 2010 and 2015.

This disclosure was made by Ibrahim Dankwambo, governor …
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Governors to start monitoring crude lifting as NEC accuses NNPC of fraud
2 months ago

Governors to start monitoring crude lifting as NEC accuses NNPC of fraud

By  •  CORRUPTION, LOCAL

Governors on Wednesday night expressed displeasure over the handling of affairs at the Nigerian National Petroleum Corporation (NNPC), alleging fraudulent practices.

The governors also directed the NNPC to stop payment …
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Nigeria issues licenses for establishment of 13 modular refineries
3 months ago

Nigeria issues licenses for establishment of 13 modular refineries

By  •  BUSINESS

Nigeria has given licenses to 13 firms to establish modular refineries. A total of 35 firms expressed interest to establish the refineries, indicating less than half got the approvals from …
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N1.4trn now spent on subsidy yearly – FG
4 months ago

N1.4trn now spent on subsidy yearly – FG

The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government of Nigeria now spends N1.4 trillion on subsidising Premium Motor Spirit, popularly called petrol.

Mr. …
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NNPC reveals what it remitted to federation account in 2017
5 months ago

NNPC reveals what it remitted to federation account in 2017

By  •  BUSINESS

The Nigerian National Petroleum Corporation (NNPC), says it remitted N857.36 billion to the federation account in 2017.

The Corporation disclosed this in a statement on its Monthly Financial and Operations …
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PDP accuses FG of trying use subsidy claims to cover huge fraud
5 months ago

PDP accuses FG of trying use subsidy claims to cover huge fraud

By  •  LOCAL, POLITICAL

The main opposition party in Nigeria, the Peoples Democratic Party (PDP) has said the claim of the Nigerian National Petroleum Corporation (NNPC) that petrol subsidy gulps N774 million every day, …
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“Fuel subsidy” now gulps N774 million daily – NNPC
5 months ago

“Fuel subsidy” now gulps N774 million daily – NNPC

By  •  BUSINESS, LOCAL

The Nigerian National Petroleum Corporation (NNPC) has said that it loses N774 million daily on under-recovery due to the increase in petrol consumption in the country.

The corporation has refused …
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