NNPC news

We are not carrying out any recruitment exercise now - NNPC

We are not carrying out any recruitment exercise now - NNPC

We are not carrying out any recruitment exercise now - NNPC
Nigeria to earn big from Schlumberger's N2.6 billion oil finance deal

Nigeria to earn big from Schlumberger's N2.6 billion oil finance deal

The Anyala and Madu fields are projected to have 193 million barrels of crude oil and 0.637 trillion cubic feet of proven gas reserves with production plateau of 50, 000 barrels of oil per day and 120 million standard cubic feet.

Nigeria to earn big from Schlumberger's N2.6 billion oil finance deal
We don't have N40b to give you - NNPC replies governors, says it overpaid FAAC by N35bn

We don't have N40b to give you - NNPC replies governors, says it overpaid FAAC by N35bn

The Nigerian National Petroleum Corporation (NNPC) says N147 billion June remittance to the Federation Accounts Allocation Committee (FAAC), was in line with the terms of agreement it had with governors on the matter.

We don't have N40b to give you - NNPC replies governors, says it overpaid FAAC by N35bn
How NNPC lost N547bn in three years - NEITI report

How NNPC lost N547bn in three years - NEITI report

The Nigerian National Petroleum Corporation (NNPC) lost is N547bn within 2015 - 2017, according to the latest review of the oil firm’s financial operations carried out by the Nigeria Extractive Industries Transparency Initiative.

How NNPC lost N547bn in three years - NEITI report
NNPC reveals when Nigeria will stop fuel importation

NNPC reveals when Nigeria will stop fuel importation

The group managing director of the Nigerian Petroleum Corporation , Maikanti Baru, has said Nigeria is aiming to end fuel importation by the year 2019. He said Nigeria also intends to become a net exporter of petroleum products.

NNPC reveals when Nigeria will stop fuel importation
Only an angel can run NNPC honestly - Emir of Kano blows hot over corruption from oil subsidy payments

Only an angel can run NNPC honestly - Emir of Kano blows hot over corruption from oil subsidy payments

Muhammadu Sanusi II, the Emir of Kano, has stated that the Nigerian National Petroleum Corporation has been compromised, due to the subsidy regime, to the point where only an angel would be able to run the corporation honestly.

Only an angel can run NNPC honestly - Emir of Kano blows hot over corruption from oil subsidy payments
NNPC mega stations to capture 30% of petroleum downstream market share

NNPC mega stations to capture 30% of petroleum downstream market share

NNPC's downstream subsidiary, NNPC Retail Limited, has been directed by the managing director of the NNPC to target 30% market share of petroleum products distribution business in Nigeria’s downstream petroleum sector by 2020.

NNPC mega stations to capture 30% of petroleum downstream market share
Why some NNPC mega stations have been shut down - Corporation's spokesman reveals

Why some NNPC mega stations have been shut down - Corporation's spokesman reveals

The Nigerian National Petroleum Corporation (NNPC) has given reasons why some of its mega stations in the capital city have been out of service. The NNPC said the stations were undergoing review and revision processes.

Why some NNPC mega stations have been shut down - Corporation's spokesman reveals
My colleagues and I will decide on next line of action - Governor Yari questions NNPC’s payment of N800bn for subsidy

My colleagues and I will decide on next line of action - Governor Yari questions NNPC’s payment of N800bn for subsidy

The chairman of Governors’ Forum, Abdulazeez Yari of Zamfara, says the National Economic Council (NEC) will soon take a decision on whether to allow the continuation of payment of petroleum subsidy by NNPC or not.

My colleagues and I will decide on next line of action - Governor Yari questions NNPC’s payment of N800bn for subsidy
Governors accuse NNPC of doubling petrol consumption daily

Governors accuse NNPC of doubling petrol consumption daily

The governors under the aegis of the Nigerian Governors' Forum on Wednesday, May 16, said the corporation doubled the daily consumption of petrol in the country from about 30 million litres to 60 million litres.

Governors accuse NNPC of doubling petrol consumption daily
Good news as NNPC is set to commence drilling of oil along Gongola Basin

Good news as NNPC is set to commence drilling of oil along Gongola Basin

The group managing director, Nigerian National Petroleum Company (NNPC), Dr Maikanti Baru, on Friday, May 11, said that the company would commence the drilling of exploratory wells along Gongola Basin in the north.

Good news as NNPC is set to commence drilling of oil along Gongola Basin
New details emerge of how former NNPC GMD, Andrew Yakubu allegedly concealed $9.7m, £74,000

New details emerge of how former NNPC GMD, Andrew Yakubu allegedly concealed $9.7m, £74,000

A prosecution witness in the case of money laundering and false declaration of assets involving a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, concealed $9,772,800.

New details emerge of how former NNPC GMD, Andrew Yakubu allegedly concealed $9.7m, £74,000
Prominent presidential appointee reveals ‘most transparent organisation’ in Nigeria

Prominent presidential appointee reveals ‘most transparent organisation’ in Nigeria

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says he will prove to Nigerians that the corporation is the most transparent organisation in the entire country.

Prominent presidential appointee reveals ‘most transparent organisation’ in Nigeria
NNPC Retail now holds 14% of business, plans for more mega petrol stations

NNPC Retail now holds 14% of business, plans for more mega petrol stations

The Nigerian National Petroleum Corporation (NNPC) has said its downstream subsidiary, the NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in the whole of Nigeria.

NNPC Retail now holds 14% of business, plans for more mega petrol stations
NNPC reacts to recruitment advert trending on social media

NNPC reacts to recruitment advert trending on social media

The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The corporation urged members of the public to be wary of the employment scam.

NNPC reacts to recruitment advert trending on social media
FG approves 13 modular refineries, makes fresh commitment on 2019 fuel importation deadline

FG approves 13 modular refineries, makes fresh commitment on 2019 fuel importation deadline

Maikanti Baru, the GMD of the NNPC said the corporation and the Ministry of Petroleum Resources were collaborating to encourage the establishment of modular refineries in the Niger Delta to encourage job creation.

FG approves 13 modular refineries, makes fresh commitment on 2019 fuel importation deadline
Painful experience for residents, shop owners in Kwara as FG destroys buildings on NNPC pipelines

Painful experience for residents, shop owners in Kwara as FG destroys buildings on NNPC pipelines

The federal government has demolished buildings erected illegally on oil pipelines of the NNPC in Tanke area in Ilorin, Kwara state capital. The demolition exercise lasted from Tuesday, April 3 to Saturday, April 7.

Painful experience for residents, shop owners in Kwara as FG destroys buildings on NNPC pipelines
NNPC achieved smooth movement of funds to TSA, closed about 2000 accounts - Official discloses

NNPC achieved smooth movement of funds to TSA, closed about 2000 accounts - Official discloses

The chief financial officer of the Nigerian National Petroleum Corporation (NNPC), Isiaka Abdulrazaq, has disclosed that the introduction of the Treasury Single Account (TSA) closed about 2000 accounts managed by the corporation.

NNPC achieved smooth movement of funds to TSA, closed about 2000 accounts - Official discloses
Nigeria incurs N1.4trn under-recovery on fuel subsidy per year - FG

Nigeria incurs N1.4trn under-recovery on fuel subsidy per year - FG

The Nigerian National Petroleum Corporation (NNPC) has revealed that it spends N1.4 trillion per year as fuel subsidy. According to the federal government, the NNPC has been shouldering this burden as it is the last resort.

Nigeria incurs N1.4trn under-recovery on fuel subsidy per year - FG
Ghana’s $40.3 million debt forces Nigeria to cut gas supply by 50 percent

Ghana’s $40.3 million debt forces Nigeria to cut gas supply by 50 percent

Report from the country’s agency, Ecofin, stated that Nigeria had since the beginning of the year been sending about 60 million cubic feet of gas per day to Ghana through the West Africa Gas Pipeline Company Limited, WAPCo.

Ghana’s $40.3 million debt forces Nigeria to cut gas supply by 50 percent
We've imported N2.09 trillion worth of petrol to tackle fuel crisis - NNPC reveals

We've imported N2.09 trillion worth of petrol to tackle fuel crisis - NNPC reveals

Represented by the chief operating officer, finance and account, Abdulrazaq Isiaka, the group managing director said the NNPC's move to purchase the large amount of fuel has helped in reducing the sufferings of Nigerians.

We've imported N2.09 trillion worth of petrol to tackle fuel crisis - NNPC reveals
Breaking: Senate passes conference committee report on PIGB, unbundles NNPC

Breaking: Senate passes conference committee report on PIGB, unbundles NNPC

The national assembly has passed the historic Petroleum Industry Governance Bill (PIGB). The bill was passed after Donald Alasodura, senator representing Ondo central, presented a conference committee report on the bill.

Breaking: Senate passes conference committee report on PIGB, unbundles NNPC
Half of all the petrol pumped through the Aba-Enugu pipeline stolen - NNPC

Half of all the petrol pumped through the Aba-Enugu pipeline stolen - NNPC

The Nigerian National Petroleum Corporation revealed that about 50 percent of petroleum products pumped through Aba-Enugu pipeline network was stolen as it lamented high rate of vandalisation in the south-eastern part of Nigeria,

Half of all the petrol pumped through the Aba-Enugu pipeline stolen - NNPC
NAIJ.com

The Nigerian National Petroleum Corporation (NNPC) is a Nigerian oil company, using that local authorities implement, manage and monitor petroleum operations within the country.

The NNPC was created on April 1, 1977 as a profitable result of successful combining two largest significant organizations: the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. In addition, at the legislative level it completely coordinates general public corporation and international global enterprises, such as Texaco, ExxonMobil, Agip, Royal Dutch Shell and Chevron. By the way, the head office of the NNPC is located in Abuja, the enormous building resembles the four beautiful similar symmetrical towers.

It is worth to notice, that the strict structure of the company is composed of the Board, the Group Managing Director's office, Eight Directorates. Moreover, every department is managed by a special director. Among these departments the bodies, which are connected with quest for oil , processing of raw materials, preparation of investment projects, finances and costs, the gas and the energy industry, engineering designs and business expansion could be mentioned. However, the NNPC has its own branches, two partially subsidiary enterprises and 16 associated firms.

Don’t hesitate reading our news on this topic on naij.com.

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