Wednesday, April 21, 2021

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Maikanti Baru

Kyari formally takes over as NNPC GMD

The 19th Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Melee Kolo Kyari, takes over from his predecessor, Maikanti Baru, who retired from the service of the corporation on July 7 after attaining the statutory 60 years retirement age.

Buhari ‘tactically’ restores fuel subsidy in 2019 budget, proposes N305bn

President Muhammadu Buhari on Wednesday said N305 billion had been earmarked for petrol subsidy in the 2019 budget proposal.

NNPC seeks new funding options, to meet 40 billion barrels reserves by 2020

The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into...

Ministry denies knowledge of alleged NNPC’s $3.5bn subsidy fund

The Federal Ministry of Finance has denied knowledge of a 3.5 billion-dollar fund allegedly kept and utilised by the Nigeria National Petroleum Corporation, NNPC,...

Nigeria still depends on oil for economic growth, NNPC boss tells OPEC

Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation, NNPC, said oil revenue remained vital for building the nation’s economy.

NNPC, most transparent organisation in Nigeria – Baru

According to Mr Baru, efforts are presently on to disabuse the mindset of Nigerians that wrong things are happening in the corporation.

December 2019 fuel importation deadline sacrosanct – NNPC

The dream of transforming Nigeria from a net exporter of crude oil to a net exporter of petroleum products would in the months ahead become a reality.

NNPC emerges best participant at Kaduna International Trade Fair

The Theme of the Fair was: “Promoting Industry, Commerce and Agriculture for International Competitiveness.”

Oil exploration in Bauchi at advanced stage – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, on Tuesday said preparations are at the highest level for the...

NSCDC supervises lifting of petroleum products in Gombe

The Nigeria Security and Civil Defence Corps, NSCDC, has begun monitoring the lifting of petroleum products from Gombe Depot to other states in the...

NNPC to Nigerians: We have enough petrol

The Nigerian National Petroleum Corporation, NNPC, has urged motorists not to engage in panic buying of any petroleum products. This is coming on the heels...

Residents cry out, as petrol scarcity persists in Jigawa

As petrol scarcity bites harder in Dutse, residents have urged the Federal Government to take decisive measures to restore normalcy in the supply of...

Nigeria’s inability to refine crude oil shameful – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu, has lamented Nigeria’s continued inability to refine its crude oil, describing it as “shameful”. He said when Nigeria begins...

‘NNPC owing petrol marketers N800b’

The Nigerian National Petroleum Corporation, NNPC is owing the Depot and Petroleum Products Marketers Association, DAPPMA, N600billion. Executive Secretary of the association, Olufemi Adewole, revealed...

Fuel queues to disappear in 48hrs, NNPC again promises

The Nigerian National Petroleum Corporation, NNPC, on Thursday in Abuja said fuel queues will "normalise" by Friday and disappear by weekend. The NNPC spokesperson Ndu...

In Abuja, fuel queues surface despite NNPC’s assurances

Long queues for petrol resurfaced in filling stations on Tuesday in Abuja, in spite of assurances by the Nigeria National Petroleum Corporation, NNPC, to...

NNPC boss, Baru, rushes back home to battle fuel queues

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Kacalla Baru, Tuesday, cut short his trip to London, as concerns increased...

NNPC to invite tenders for sale, purchase of Nigerian crude grades

Nigerian National Petroleum Corporation, NNPC, is set to invite tenders for the sale and purchase of Nigerian crude oil grades, a competent source has...

Osinbajo: I approved NNPC’s joint venture financing contracts

Vice-President Yemi Osinbajo has said he approved the Nigerian National Petroleum Corporation, NNPC, joint venture financing contracts as disclosed by the state oil firm. Mr Osinbajo’s revelation is...

We’re not bypassing TSA, NNPC says

The Nigerian National Petroleum Corporation, NNPC, has denied the report that it colluded with some banks to prevent the remittance of some funds into...

Oil hits eight-month high as market stabilises

Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on...

NNPC shuts Kaduna, Warri, Port Harcourt refineries

The Nigerian National Petroleum Corporation, NNPC, will soon shut down three of its four refineries for repairs towards meeting the 2019 target of maximum...

NNPC warns vandals of fire outbreak

The Nigerian National Petroleum Corporation, NNPC, has said it has marked its pipelines to avert vandalism and fire outbreaks to sustain the current steady...

Scammers sell fake Nigerian oil allocation papers

The Nigerian National Petroleum Corporation, NNPC, has raised the red flag on the activities of conmen who specialise in circulating phantom letters of crude...

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