NNPC has assured all Nigerians that fuel scarcity will end in a few weeks time, they made this known through a press statement they released this morning by their Group General Manager, Garba Deen Mohammed. Read the statement below.. The Nigerian National Petroleum Corporation on Wednesday said the Corporation is doing everything possible to end the noticeable fuel queues in … [Read more...] about NNPC Promises To End Fuel Scarcity In Few Weeks Time
NNPC
NNPC Commence Nationwide Strike Over Unbundling Of NNPC
Nigerian oil workers have commenced a nationwide strike today after Federal government unbundled NNPC into seven independent units. The Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday announced the unbundling of the oil company into seven units. The new units are Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services … [Read more...] about NNPC Commence Nationwide Strike Over Unbundling Of NNPC
Abuja NNPC Mega Station Gutted By Fire
The Nigerian National Petroleum Corporation (NNPC) mega station at the Central Business District in Abuja has been gutted by fire. A member of staff at the mega station who preferred anonymity told the News agency of Nigeria(NAN) on Monday that the fire started around 10 p.m. on Sunday when a tanker was discharging fuel to the tanks of the petrol station. The source said … [Read more...] about Abuja NNPC Mega Station Gutted By Fire
Nigeria Government Removes Kerosene Subsidy To Sell At N83 Per Litre
Nigerian Government has increased the price of Kerosene from N50 to N83, according to the Petroleum Products Pricing Regulatory Agency (PPPRA) new pricing template released on Sunday. The new price applies only to Nigerian National Petroleum Corporation (NNPC) outlets other filling stations outlet in the country can sell higher than the new price. The breakdown of the … [Read more...] about Nigeria Government Removes Kerosene Subsidy To Sell At N83 Per Litre
President Jonathan orders release of forensic audit report of the NNPC accounts
We have noted with concern, the allegation by the spokesman of the All Progressives Congress (APC), Alhaji Lai Mohammed that officials of the Federal Government are engaged in “last minute looting of the nation’s resources, rushed privatization of key institutions and hurried recruitment into the public service”. We also consider as most unfortunate and uncharitable, the … [Read more...] about President Jonathan orders release of forensic audit report of the NNPC accounts
NNPC denies $20b missing in recent forensic audit report
The Nigerians National Petroleum Corporation, NNPC, has denied that twenty billion dollars was missing in the recent forensic audit report submitted to the Federal Government. The Group Managing Director of the Corporation, Mr. Joseph Dawha, stated this at a Press Conference in Abuja. Mr. Dawha said the delay in the payment of the divested assets was due to the unfinished … [Read more...] about NNPC denies $20b missing in recent forensic audit report
forensic audit indict NNPC, Corporation to refund $1.48bn to federation account
The Forensic audit conducted by the audit firm of PriceWaterHouseCoopers on behalf of the Federal Government on the operations of the Nigerian National Petroleum Corporation [NNPC] has indicted the management of the national oil company for various questionable transactions. Part of the recommendations include that the Nigerian Petroleum Development Company, NPDC, the upstream … [Read more...] about forensic audit indict NNPC, Corporation to refund $1.48bn to federation account
NNPC initiates ‘kero correct’ scheme to crash kerosene price nationwide
The Nigerian National Petroleum Corporation (NNPC) has initiated a scheme aimed at getting kerosene to consumers across the country at the regulated price of N50 per litre. This is contained in a statement issued on Sunday in Abuja by the Group General Manager, Group Public Affairs Division, of the corporation, Mr Ohi Alegbe. It said the scheme ‘Kero Correct’ initiative’ was … [Read more...] about NNPC initiates ‘kero correct’ scheme to crash kerosene price nationwide