Tag Archives: NNPC

NNPC Disowns Fake Facebook Account for Its GMD

The Management of the Nigerian National Petroleum Corporation, NNPC, on Wednesday distanced Joseph Dawha, its Group Managing Director, from the running and ownership of a Facebook account opened in his name by some persons it described as “nondescript scam artistes.” The NNPC in a statement said that the bogus Facebook account which bears a concocted

Jonathan Appoints Deputy GMD for NNPC

President Goodluck Jonathan has approved the creation of a new office of deputy Group Managing Director, GMD for the Nigerian National Petroleum Corporation, NNPC. Announcing the development Tuesday in a statement signed by Reuben Abati, Special Adviser to the President on Media & Publicity, the presidency also announced the appointment of Bernard Otti, NNPC’s current

The Oil Price Burden

There is anxiety about the falling price of crude oil as dwindling revenue threatens economic and social development, raising concerns over the overall health of the Nigerian economy Nigeria is groaning under falling oil price and Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, will have a herculean task managing the country’s economy

NNPC Decries Fake Authorization Letters

The Nigerian National Petroleum Corporation, NNPC, has decried the circulation of what it described as a fake letter of authorization to buy and or sell Nigerian crude oil. The corporation issued a statement on Monday insisting that it did not issue any such letters. Through the statement, the NNPC urged members of the public to

NNPC Shuts Down Operations Over N85 Billion Pension Palaver

The operations of the Nigerian National Petroleum Corporation, NNPC, were shut down September 16, as angry workers stopped work over the N85 billion gap in its pension funds that led to the withdrawal of the license of the corporation’s pension scheme by regulators. The National Pension Commission, PENCOM, the custodian of the nation’s pension fund,

Profile of Andrew Laah Yakubu: A Man of Service

Engineer Andrew Yakubu rose through the ranks to the zenith of his career within a space of 33 years. It is clear that Yakubu, who has had a very successful tenure as the helmsman of the Nigerian National Petroleum Corporation, derives his winning formula from his level- headedness, humility, focus and professional acumen. Everything about

Tony Elumelu Photo

Elumelu Commends FG Over Transcorp, NNPC Contract

The Federal Government has been commended for opening the petroleum sector to local participation. Tony Elumelu, chairman, Transnational Corporation of Nigeria, Transcorp Plc, made the commendation last weekend as Transcorp and the Nigerian National Petroleum Corporation, NNPC, signed a production sharing contract for the exploration and production of OPL 281, under which officials said Transcorp

NSCDC Clamps Down on Petrol Hoarders

  The Nigeria Security and Civil Defence Corps, NSCDC, Ogun State command, has arrested some petrol attendants for selling petrol above the approved pump price. Officials of the command went round some petrol stations over the weekend, and found out that many of the stations have fuel in their underground tanks, yet claimed otherwise in

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