Former governorship candidate of the National Conscience Party (NCP) in Ekiti State, Femi Falana, has said that the security votes that are unaccounted for paid to state governors and huge allowances received by legislators cause high level of electoral fraud and violence in the country. The Lagos lawyer stated this at the National Democracy Day…

The Nigerian National Petroleum Corporation (NNPC) yesterday said it sold N174.62 billion worth of oil and gas products March 2018 and the corresponding period of this year. According to the Monthly Financial and Operations Report (MFOR) released in Abuja, the state oil firm generated N2,780.79 billion from white products. The figure was N168.65 billion higher…

With stakeholders expressing concerns about the price of natural gas in the domestic market, the Federal Government has said convergence of factors such as government intervention, inauguration of OB3, NNPC’s Seven Critical Gas Projects, and other upstream gas investment should lead to fall in domestic gas price.    Besides, the government also projected an increase…

The Nigerian National Petroleum Corporation (NNPC) has failed to announce results of drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin of Upper Benue Trough, kicked off early this year by President Muhammadu Buhari. Its Group Managing Director, Maikanti Baru, had said the outcome would be announced in 60 days after activities…

It is not strange that recent retirement and redeployment of senior management staff of the Nigerian National Petroleum Corporation (NNPC), have been generating controversies and diverse comments from members of the public. There should be no curiosity because the state oil firm has always been the most criticised, vilified and abused public institution in Nigeria.…

Minister of State for Petroleum Resources, Ibe Kachikwu, and other critical stakeholders have urged the Federal Government to sell the nation’s moribund refineries to interested local and foreign investors. The minister and other experts, drawn from his ministry as well as those of the Ministries of Budget and National Planning, the Department of Petroleum Resources…

Whatever is the motive of the Nigerian National Petroleum Corporation concerning reported relocation of its marketing...

A former employee of Nigerian National Petroleum Corporation (NNPC), Mr. Peter Onwuka, who was allegedly dismissed wrongfully, has urged the management of the company to convert his termination to retirement with full benefits having worked for 16 years. Onwuka was employed in NNPC on 14th January 1980 as a Dispatch Rider in the Admin Department…

With increased global competition in the crude oil production space, and the need to find a solution to the rising subsidy payments, the Nigerian National Petroleum Corporation (NNPC), has said the country needs a refining capacity of about 1.52 million barrels per stream day (MBPSD), to meet its premium motor spirit (PMS) requirement by 2025. …

As Christians celebrate Easter, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said the country has over 1.7 billion litres of Premium Motor Spirit (PMS) in stock. Assuring that the product is enough to meet demand over the next 35 days, Baru reaffirmed their readiness to ensure adequate supply all…

For a country that its total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9 million, the Federal Government is only rubbing salt in the wound if yearly losses…

With only 18 per cent of total gas produced utilised locally, the Federal Government has advocated increase in volume made available for power generation and utilisation in industrial firms, especially as almost half of the domestic volume (7 per cent) is flared daily. According to the Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC),…