Nine months after the Senate resolved to investigate alleged $25b contract scam in the Nigerian National Petroleum Corporation (NNPC), no positive step has so far been taken to provide details to anxious Nigerians.

Nigerian National Petroleum Corporation (NNPC) delivered 828 million metric standard cubic feet per day (mmscfd) to gas fired power plants to generate an average power of about 3,342 Mega Watts (MW) of electricity in December 2017. This was relatively higher than the average production of 743 mmscfd, which was supplied to generate 3,115MW in the…

Plans are underway by the Nigerian National Petroleum Corporation (NNPC) to invest its over N100 billion worth of unharnessed landed property across the country in the real estate sector. The feasibility of the plan would largely rely on the ability of the group to recover the assets across the country. It would also be a…

The Nigeria Governors’ Forum yesterday accused the Nigerian National Petroleum Corporation (NNPC) of failing to remit Joint Venture Cash Call. The Chairman of the forum, Abdulaziz Yari, explained that the corporation shortchanged the country for five years when the oil price was high. Yari, who is the Governor of Zamfara State, said the untoward development…

Nigerian National Petroleum Corporation (NNPC) is targeting boosting its investment in the downstream sector of the Petroleum industry and improving supply challenges by building more depots across the Country. Speaking yesterday in Abuja at the inauguration of the board of one of its downstream Companies, NNPC Retail Limited, Group Managing Director of the firm, Maikanti Baru, said…

The Nigerian National Petroleum Corporation (NNPC) and the Benue State Government (BNSG) have reinvigorated their collaboration on the Ethanol project, which is geared towards production of biofuels for energy sufficiency.

Nigeria’s economy is sliding downwards due to tumbling crude oil price, unabated illegal oil bunkering and catastrophic attacks on critical oil and gas installations by militants in the Niger Delta.

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has dismissed reports that the corporation will soon announce an increase in the pump price of Premium Motor Spirit (PMS).

To show its commitment to treating Joint Venture (JV) funding as a first line charge, the Federal Government deployed almost 100 per cent of its revenue earnings ...

The expected oil-related N820 billion revenue to finance the 2016 budget is being threatened by the recent reduction of prices for Arab light by the world’s highest producer of crude oil ...

The Extractive Industries and Transparency Initiative (EITI), a global body, which promotes public awareness about how countries manage oil, gas and mineral resources, have lauded Nigeria as one of the first countries to implement its standards.

At no better time than now does the government of Nigeria need to rethink how it runs its oil-dependent economy and act on the best model for the oil and gas industry.