Stakeholders laud NNPC’s transparency, N1.01tr profits from NAPIMS
In its first-ever audited report, the Nigerian National Petroleum Corporation (NNPC), revealed that it posted over N1.01 trillion profit from its venture marketing subsidiary, National Petroleum Investment Management Services...
Our priority is to save personnel, Nigerians, NPDC boss declares
Management of the Nigerian Petroleum Development Company (NPDC) in collaboration with ND Western has declared that its priority at the moment is to help its personnel...
Captain Hosa at 61: Audacity hugs tenacity
From deep introspection, notable marathoner Billy Mills observed that “Our life is a gift from the Creator. Your gift back to the Creator is what you do with your life.”
NNPC records N13.23bn trade surplus in October
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per cent compared to ₦8.59 billion surpluses posted in September 2019. The Corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of October released in Abuja, on Wednesday. The…
‘Why safety measures in workplace environment is important’
The Nigerian Petroleum Development Company (NPDC), has pledged to continue to uphold best global acceptable safety measures in its operations in the country.Managing Director of the Company, Mansur Sambo...
NPDC tackles unemployment, youth unrest
The Nigerian Petroleum Development Company (NPDC), a subsidiary of NNPC, on Wednesday donated 150 tricycles (Keke Napep) to 40 host communities in Delta State, as part of efforts to reduce youth restiveness and unemployment in the area.
Edo State public schools, others get e-library
• Anambra education secretary decries absence of modern libraries in schools The Nigerian Petroleum Development Company (NPDC) yesterday donated educational supplies worth several millions of naira to over 10 public schools in all NPDC host-communities (OML III) in Benin City, Edo State. While appreciating the host communities for the continuous support and hitch free operations…
Okowa wades into NPDC, Delta community crisis
Delta State Governor Ifeanyi Okowa has waded into the crisis between the Nigeria Petroleum Development Company (NPDC) and Ubogo community in Udu Council of the state. The governor, while commending both parties for agreeing to resolve the impasse that temporarily halted the company’s operation
NNPC seeks end to litigation, arbitration affecting oil assets
The Nigerian National Petroleum Corporation (NNPC) has said the country would bring about amicable end to all litigations and arbitrations that have over the years inhibited the growth of some oil assets.
Sanctity of contracts: Wading through Nigeria’s murky oil sector
The oil and gas sector in Nigeria has been engrossed in legal battles, especially with landmark cases that involved the government through its agencies. From the Malabu oil deal scandal to the $9.6 billion P&ID judgment delivered by a UK court, the issues of contract drafting, negotiations, and adherence to the provisions of agreed terms raise concerns. FEMI ADEKOYA and KINGSLEY JEREMIAH write on why the nation keeps being involved in several litigations that should never exist.