The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Thursday said that 40 per cent of the shares of the state-owned oil entity would be floated on the Nigerian Stock Exchange (NSE) when the Petroleum Industry Governance Bill (PIGB) is enacted. He gave this hint at the 2018 annual […]
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that the decision by the corporation to seek alternative financing models for its Joint Venture (JV) projects has restored investors’ confidence characterized by improved Foreign Direct Investments (FDI) inflows into the nation’s oil and gas industry. Baru gave this hint […]
Despite the lingering controversies over under-remittance of collected revenues by the Nigeria national Petroleum Corporation (NNPC) to the Federation Account, the Federation Accounts Allocation Committee (FAAC) on Friday confirmed the disbursement of N668.8 billion to the three tiers of government for the month of May this year. The Director of Information in the Federal Ministry […]
The Nigerian National Petroleum Corporation (NNPC) is considering the option of raising funds from the capital market to meet its financing obligations on new projects, including the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas Project. The corporation’s Group Managing Director, Dr. Maikanti Baru, gave this hint at the ongoing Nigeria […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, at the weekend said that the execution of the final contractual agreement between the NNPC/FIRST E&P JV and Schlumberger had the potential of making the country earn substantial revenues from taxes and royalties. Specifically, Baru projected that the deal could generate the […]
State Governments in the country have maintained their position over the discrepancies in the Nigerian National Petroleum Corporation (NNPC) report to the Federation Accounts Allocation Committee (FAAC) meeting last Wednesday, insisting that the corporation must remit N20 billion to the account. The position of the governments was canvassed at the weekend by the finance commissioners […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, today disclosed that the corporation had signed over $3 billion oil and gas development pact to grow the nation’s hydrocarbon resources industry. He gave this hint while speaking on investment in Nigeria’s oil and gas industry at the ongoing 7th Organisation […]
The Nigerian National Petroleum Corporation (NNPC) has projected that over $25 billion investments would be attracted to the nation’s gas sector just as gas flare rate would be cut to the barest minimum within the next few years. The corporation’s Group Managing Director Corporation, Maikanti Baru, made these projections at the ongoing 50th Offshore Technology […]