Nigerian Senate on Wednesday blamed the Nigeria National Petroleum Corporation (NNPC) and Department of Petroleum Resources (DPR) for the death of over 150 Nigerians involved in spillage. The 150 persons died when an abandoned pipeline from which they were scooping fuel exploded. The pipeline is owned by Pipeline and Products Marketing Company, (PPMC). A senator…

The Nigerian National Petroleum Corporation (NNPC) has denied claims that it has in its custody 3.5 billion dollars Subsidy fund. The Senate had on Tuesday resolved to set up an ad hoc committee to investigate $3.5bn Subsidy Recovery Fund allegedly created by the NNPC and solely managed by its Group Managing Director Emmanuel Ibe Kachikwu…

Oil marketers in Nigeria recently raised the alarm over N650bn owed them by the Federal Government in subsidy arrears, saying the settlement of the debts owed...

The sitting of the Senate was yesterday uproarious following a resolution to probe operation of an alleged $3.8 billion Fuel Subsidy Under-recovering Fund...

Possibilities of the nation witnessing a downward inflationary trend in the fourth quarter remain uncertain as widespread flooding incidence reported...

The Senate on Tuesday resolved to set up an ad hoc committee to investigate $3.5 billion Subsidy Recovery Fund, allegedly created by “the Nigerian National Petroleum Corporation...

The Federal Government and other major stakeholders have identified challenges militating against Nigeria’s journey to a gas-based economy. They spoke at the Nigerian Gas Association (NGA) 11th International Conference and Exhibition yesterday in Abuja. The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti…

Senator Theodore Orji (PDP, Abia Central) has asked the Nigerian National Petroleum Corporation (NNPC) to quickly address the pipeline leakages in the state. Speaking at the weekend when he visited the affected Umuaduru and Umuimo communities in Osisioma Ngwa Council to sympathise with them, he urged the authorities to declare the scene of the incident…

Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporate (NNPC) and Minister of State for Petroleum Resources, Dr Ibe Kachikwu...

Abia State Governor, Dr. Okezie Ikpeazu and the Abia State Police Command Commissioner, Mr. Anthony Ogbizi, yesterday visited Friday’s petroleum...

Another 108 Nigerians have been awarded full secondary education scholarship under the NNPC/SNEPCo National Cradle-to-Career (NC2C) Scholarship scheme launched in 2014, bringing the total number of beneficiaries in the last four years to 375. The scholarship, administered by Shell Nigeria Exploration and Production Company (SNEPCo), offers full boarding and tuition-free support to the beneficiaries throughout…

The Nigerian National Petroleum Corporation (NNPC) yesterday said the country’s crude oil and gas export sales for June 2018 was $416.07 million, up by 35.78 per cent over the corresponding month of last year. Details of the June 2018 edition of the monthly NNPC Financial and Operations Report showed that crude oil exports contributed $274.95…