Chinese oil firm, CNOOC see investing in Nigeria as most strategic oversea venture
Baring last minute hitches, Chinese investors are on their way to join other multinationals in doing business in Nigeria’s oil and gas industry sooner than later. Already, the management of China National Offshore Oil Corporation (CNOOC) has expressed its readiness…
Sabotage of pipelines in S’East causing supply shocks in four zones—NNPC
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has traced poor supply of petroleum products to the entire South-East, and partly in the North-Central and North-East to rising breaches and incessant vandalism of the Aba-Enugu products’…
North, Bayelsa taking lead in development of Modular refineries–NNPC
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has revealed that whereas all is set for the ground-breaking of Bayelsa State Modular Refinery, Kaduna States are already championing a proposal to co-locate another refinery close to…
NNPC board to decide fate of refineries revamping financiers this month—Baru
The renewed drive to raise the productivity of all four national refineries is getting the best attention. This is coming from the latest hint dropped by the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Maikanti Baru, who averred agreements…
Fuel still more than N200 in many regions as NNPC says scarcity over
Nigerians in several parts of Nigeria, especially in South South, South East and others are still buying petrol between N220 and N300 from pump even as the Nigerian National Petroleum Corporation (NNPC) claimed that Nigerians would no longer suffer fuel…
Is it that Buhari encouraged NNPC to breach TSA as a minister?
Next week Wednesday may be rowdy during the seating of the House of Representatives ad hoc Committee probing NNPC on the implementation of the Treasury Single Account (TSA) policy. This stemmed from the confirmation by the Committee on Tuesday that…
Is it that Kachukwu’s petition on NNPC’s $26bn contract scam is dead?
Not so long ago, a highly worded and revealing petition written by the Minister of State for Petroleum Resources, Ibe Kachikwu, to President Muhammadu Buhari leaked to the media and elicited discordant reactions. Leading position of the petition alleged breach…
Diesel scarcity looms even as NNPC refutes fuel queues in December
In the last two weeks, there had been serial scarcity of Diesel at several filling stations in parts of Lagos and South West. Visited stations though had jerked up their pump price from N165 to between N195 and N205, many…
Beware of all Chinese infrastructure financing deals’, Expert warns FG
Leading development economist, Dr. Ken Igboanugo has warned the federal government especially the ministries of Transportation and Petroleum to be very careful before signing any infrastructure financing deals with banks from China to avoid tiny terms and conditions that will…
Tracking now: Buhari worked in office Tuesday, ahead of today’s FEC meeting
Contrary to viral speculations that the President and Commander in Chief, Muhammadu Buhari may continue to be away from office, the growing permutations were Tuesday shattered as he was in office attending to critical state’s matters with ease. Analysts say…
