Tag Archives: NNPC

Dr. Bukola Saraki Photo

Remarks By Abubakar Bukola At The 2nd Year Anniversary Of The 8th Senate June 9, 2017

Remarks By Abubakar Bukola At The 2nd Year Anniversary Of The 8th Senate June 9, 2017

The 8th Senate has passed 96 bills and 72 petitions in just 2years REMARKS BY H.E. (DR.) ABUBAKAR BUKOLA PRESIDENT OF THE SENATE OF THE FEDERAL REPUBLIC OF NIGERIA, AT THE 2ND YEAR ANNIVERSARY OF THE 8TH SENATE TODAY JUNE 9TH 2017. PROTOCOL 1. Distinguished colleagues, our invited guests, ladies, and gentlemen, I am immensely pleased to welcome you to this special session on the second anniversary of the 8th Senate. Let

NNPC Cancels Offshore SWAP Deal

The Nigerian National Petroleum Corporation on Thursday announced the cancellation of the Offshore Processing Agreements entered Into in January 2015, with three companies namely, Duke Oil Company Inc., Aiteo Energy Resources Limited and Sahara Energy Resources Limited. The deal, initiated by the Jonathan administration, saw the NNPC allocate 210,000 barrels per day of crude oil

Saraki Vows to Tackle Corruption in NNPC

Bukola Saraki, Senate President, has promised to visit the alleged corruption in the Nigerian National Petroleum Corporation, NNPC. He also promised that the Senate, under his leadership, would fix the amount the corporation could spend to run its operations. Saraki said this when member groups of the Civil Society Situation Room, led by the convener,Clement

Abuja: NNPC Promises End To Fuel Scarcity

The Nigerian National Petroleum Corporation, NNPC said it has deployed more fuel tanks to ease the long queues of motorists in the various fuel stations in Abuja, the federal capital territory and its environs. In a statement, Ohi Alegbe, Group General Manager, group public affairs division, NNPC, urged the public to resist the “temptation of

Diezani Alison Madueke Photo

Court Nullifies House Summons On Diezani

 A Federal High Court sitting in Abuja has nullified the summons of the House of Representatives on the Minister of Petroleum Resources, Diezani Alison-Madueke. The House had summoned Alison-Madueke in order to probe her alleged waste of public funds on the use of chartered jets for unofficial purposes. Justice Ahmed Mohammed on Wednesday, December 17,

Strike won’t Affect Fuel Distribution – NNPC

As the three-day warning strikeof the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the NigeriaUnion of Petroleum and Natural Gas Workers, NUPENG, kicks off today,the Nigerian National Petroleum Corporation, NNPC, has assured that the action would not disrupt the distribution of petroleum products in the country. The corporation gave the assurance

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

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