…….As NUPRC counters President Buhari’s order on deal Less than 24 hours after Seplat Energy Plc announced that President Muhammadu Buhari had approved its cash acquisition of the share capital of Mobil Producing Nigeria Unlimited (MPNU), emerging developments at the highest level of government have indicated that the purported approval may not have passed through […]
The management of Oando Plc, a major marketing oil company, has faulted claims by the Nigerian National Petroleum Company (NNPC) Limited that the company was among four suppliers that imported adulterated fuel into Nigeria. The NNPC’s Group Managing Director, Mele Kyari, had on Wednesday night said the state-owned oil company on January 20, 2022, received […]
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that it spent N100 billion on refineries’ rehabilitation in 2021. The state-owned oil entity made this disclosure in its report on the funding performance for 2021 financial year. Although the report did not list the refineries that gulped the amount, industry analysts believe that all the […]