Bayelsa State has dragged the Attorney General of the Federation (AGF) to the Supreme Court, arguing that the N6.43 trillion claimed to have been spent by the Federal Government on petroleum subsidy was kept as “Withheld Fund”. The state’s attorney-general, Kemasuode Wodu, wants the Supreme Court to restrain the Federal Government from utilising any part…

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, yesterday urged motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. “Government is seriously engaging the NLC on the issues it raised,” a release…

Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products that are not accepted in other parts of the globe including most African nations, have continued to flood the country’s product space, leaving Nigerians, the…

The Nigerian National Petroleum Corporation (NNPC) has assured that there is enough fuel in the country and that there is no need for panic buying of petroleum products by motorists and the public. The corporation disclosed this in a statement issued by Mr Ndu Ughamadu, It’s spokesman, in Abuja, on Friday. This, followed reports of…

Nigerian National Petroleum Corporation (NNPC) yesterday disowned a recruitment advertisement on the social media. The advertisement, set in NNPC’s corporate colour, logo and picture, invites candidates with background in Sciences, Engineering, Business/Finance, Social Sciences, Arts/Humanities as well as Medical/Health Sciences, to apply, without listing requirements. In the past, such scams would list Master’s degree, Bachelor’s…

Concerned stakeholders in the country’s petroleum industry have appealed to the Federal Government to spell out the timetable for the implementation of the Petroleum Industry Governance Bill (PIGB) if it eventually becomes a law. The bill is current with the Presidency, awaiting the assent of President Muhammadu Buhari. A panel of energy experts who spoke…

Despite gulping about N149.4billion since inception, the search for commercial oil (profitable enough to offset costs) in Nigeria’s new frontier basins remained thin, as the Bida Basin, Niger State foray for hydrocarbon has not yielded anticipated results. Already, seven wells so far drilled in the Bida Basin, showed no sign of oil in commercial quantity.…

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…