NNPC Drives Down Cost of Producing Crude Oil per Barrel to $20
The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now targets producing the black gold at $15 per barrel. NNPC Group Managing Director, Dr. Maikanti Baru, who disclosed this Monday in Abuja during the NNPC Day at the ongoing Technology and […]
774 million daily subsidy: All Progressives Congress (APC)-controlled Federal Government is covering huge fraud in Nigeria – PDP
The Peoples Democratic Party, PDP, has described the statement by the Group Managing Director of Nigeria National Petroleum Corporation, Dr. Mainkanti Bello, that the NNPC spends 774 million daily on fuel subsidy as a work of fiction. PDP described the figures and called the purported proliferation of fuel stations used as an alibi for the […]
NNPC: fuel scarcity is a thing of the past
The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment towards providing the necessary assistance for Nigeria to attain a competitive edge in non-oil sectors of the economy. Group Managing Director of the corporation, Dr. Maikanti Baru stated this while delivering a goodwill message during the ‘NNPC Day’ held at the 39th Kaduna International Trade […]
Nigeria Senate: Investigate N3.4b NNPC/Agip Security Account
The Senate, on Tuesday, mandated its Committee on Public Accounts to investigate the rationale behind a security account allegedly operated by the Nigeria National Petroleum Corporation (NNPC) and Nigerian Agip Oil Company. This followed the adoption of a motion moved by Sen. Dino Melaye (Kogi-APC). Moving the motion, Melaye said there was the need for […]
NNPC set to recover N100bn landed properties.
Esther Iyang The NNPC Properties Ltd (NPL), the real estate management company of the NNPC, has commenced the recovery of the corporation’s landed property worth N100b across the nation. This was disclosed by the NNPC Chief Operating Officer (COO) Ventures, Dr. Babatunde Victor Adeniran, at the maiden edition of NPL Property Festival which held on […]