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 Report for December 2017, released, on Tuesday in Abuja. It also said that it remitted N19 billion to the Federal Government for debt repayment, while […]
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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, is a fabricated story “to cover huge fraud in the presidency”. In a statement on Monday, the PDP said the figures given by the NNPC is […]
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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 to use the term subsidy in reference to how much it spends in keeping the official price of petrol at N145 at filling stations, although […]
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The Nigerian National Petroleum Corporation (NNPC) said it supplied a total of 29.058 million litres of Premium Motor Spirit (PMS) popularly known as petrol to thirteen Northern states in three days. In its report on daily dispatch to filling stations made available to the News Agency of Nigeria (NAN) in Abuja on Friday, it named […]
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The Nigerian National Petroleum Corporation (NNPC) says it has started a crack down on erring marketers and fuel hawkers in the country. In a statement released on Wednesday by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division of NNPC, it was said that the move was to sanitize the fuel distribution system and […]
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Senator Dino Melaye, lawmaker representing Kogi West Senatorial District, has raised an alarm over alleged corruption and operation of a secret account by the Nigerian National Petroleum Corporation (NNPC) and other joint venture companies. Melaye raised a point of order at plenary on Tuesday. He alleged that the account, which was supposed to be domiciled […]
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Barely three weeks after Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), said they have tamed the monster of fuel scarcity, long vehicle queues at petrol stations can be seen returning to Lagos. Responding to the development, the Nigerian National Petroleum Corporation (NNPC) on Sunday said that it had released 250 […]
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The Nigerian National Petroleum Corporation (NNPC) has stated that it is only the national assembly can appropriate for the payment of subsidy in the importation of petrol. Ndu Ughamadu, NNPC spokesman, said the statement attributed to Umar Ajiya, Petroleum Products Marketing Company (PPMC) managing director, was misconstrued. Ajiya, who was a guest on Sunrise Daily, a […]
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The Nigerian National Petroleum Corporation, NNPC, says it has concluded repair works on the Escravos-Lagos Pipeline, ELP. In a statement signed by Group General Manger, Group Public Affairs Division, Mr. Ndu Ughamadu on Monday in Abuja, said gas supply has been restored to the affected power plants. He said the speedy repair of the pipeline was […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru said 4501 petrol trucks were simply untraceable, vanishing from the Nigerian radar, during the biting fuel supply crisis. “Due to massive diversion, hoarding, panic buying and smuggling, coupled with the information that three Direct Sales Direct Purchase Consortia had rejected October cargoes, […]
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