Tag Archives: Nigerian National Petroleum Corporation

Mixed Reactions As President Buhari Approves The Reduction Of Petrol Price To N125

The Nigerian Government has finally reduced the pump price of petrol to N125 from N145 which has ignited mixed reactions on Twitter. The announcement was made at the end of the Federal Executive Council meeting on Wednesday at the Presidential Villa in Abuja and was shared via the official Petroleum Resources Twitter pages. In a…

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Buhari Appoints New Group Managing Director for NNPC, Removes Baru

President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation, bringing to an end the tenure of Maikanti Baru, as the oil firm’s boss. NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, who disclosed this in Abuja on Thursday morning, stated that…

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NNPC Says its Intensifying Efforts to Flood Market with Products

The Nigerian National Petroleum Corporation (NNPC) has release a press releases saying it is intensifying efforts to flood the market with products. The release reads: The Nigerian National Petroleum Corporation (NNPC) has intensified efforts to flood the market with Premium Motor Spirit (PMS), otherwise called petrol, and other products. Already, six major marketers: Total, Forte…

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Osinbajo Admits Approving Joint Venture Financing Contracts For NNPC

The Vice President, Prof. Yemi Osinbajo on Thursday admitted approving the Nigerian National Petroleum Corporation, NNPC, joint venture financing contracts as disclosed by the state oil company. The Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, confirmed this in a series of tweets on his confirmed Twitter handle, @akandeoj.…

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NNPC Scandal: Baru Breaks Silence, Says No Law Mandates Him To Discuss Contracts With Kachikwu

The Nigerian National Petroleum Corporation, NNPC, on Monday responded to content of the leaked memo written by the Minister of State for Petroleum Resources, Ibe Kachikwu, to President Muhammadu Buhari, dismissing most of his allegations as false. In a detailed statement signed by NNPC’s Group General Manager in charge of Group Public Affairs Division, Ndu…

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Stakeholders Kick As NNPC, Total Release 750 Gas Trucks On Nigerian Roads

In a bid to boost capacity utilization of electricity supply to businesses and homes and reduce dependence on petrol, the Nigerian National Petroleum Corporation, NNPC, has struck a new deal with some joint venture partners to commence the delivery of Liquefied Natural Gas, LNG, by trucks to power generation companies and industries. The decision which…

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NNPC Announces Major Shake-Up

The Nigerian National Petroleum Corporation, NNPC Tuesday announced a major shake up with the appointments and deployments of top executives across the value chain of its operations. The corporation in a Tuesday statement said, Group Managing Director of the Corporation, Dr. Maikanti Baru, told NNPC staff shortly before the announcement was made public that the…

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NNPC Faults 145 Naira Per Litre Petrol Price, Express Concern Over Declining Crude Production

  Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Corporation (NNPC) say the petrol price cap of 145 Naira per litre is not harmonious with the liberalisation policy of the Federal Government.   A statement by the NNPC’S spokesman Mr Garba Mohammed, said the 145 Naira per litre price cap did not go…

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