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Tag Archives: Nigerian National Petroleum Corporation (NNPC)

FG silent on revoking licences as Indonesian firm indicates interest to build refinery


More than two months after the federal government warned that it will soon begin the revocation of private oil refinery licenses issued by previous administration to about 14 companies, nothing ...

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After ‘No Case’ submission by DSS, Capital Oil boss, Ubah freed

Ifeanyi Ubah

…Lawyers may persuade him to sue for unlawful detention After weeks in detention, the managing director of Capital Oil and Gas Limited, Dr. Ifeanyi Ubah, has been released by the ...

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Adeosun frustrating Osinbajo’s order to offset subsidy arrears to marketers, banks


A showdown coming from banks and independent marketers may be underway if the Minister of Finance, Mrs. Kemi Adeosun continues to delay the payment of over N800bn that accrued to ...

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New rule on cleaner fuel by July may spark off pump price hike soon—Survey

NNPC Headquarters

The chances of the Nigerian National Petroleum Corporation (NNPC) to begin to import less sulphur content come July, the agreed terminal date for end of dirty fuel are looking very ...

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N264bn spent in ‘maintaining’ 4 refineries in 16 years, but nothing to show for it—Report


New report released in Abuja has revealed that contrary to earlier claims that the four refineries were not maintained within the 16 years of former ruling party, about N264 billion ...

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‘FG’s expected decision on fuel price, electricity tariff’ll decide recession exit’

imf visit

Though there has been pockets of pronouncements that Nigeria is on way out of recession, there are, however, indications that the much anticipated recovery may be hindered by a combination ...

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How far can NNPC go in being sole importer of petroleum products?

NNPC tankers

Considering what they described as being shut out of business by non recalibration of pricing templates, most oil marketers have stopped fuel importation. Other reasons adduced for their action include ...

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3 refineries now produce over 12m litres of PMS, AGO daily—NNPC boss, Baru

Recently concluded repairs and maintenance at the hitherto moribund refineries in Warri, Port Harcourt and Kaduna have started yielding results. The trio now about 12 million litres of Premium Motor ...

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NNPC opens up on power investment, partners Chevron, Total for two power plants


The managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru revealed that the corporation is set to expand its interest in power generation. This is coming days after ...

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