The Federal Government has concluded arrangements to kick-off the validation phase of the first integrated oil development project in Northern Nigeria on Tuesday as part of sustained efforts to tap into hydrocarbon resources deposits of the country. According to sources at the Presidency, the event to be performed by President Muhammadu Buhari will take place […]
The Nigerian National Petroleum Company Limited (NNPCL) on Sunday disclosed Nigeria had been losing $700 million monthly to oil theft and vandalism at terminals in the upstream sub-sector of the nation’s hydrocarbon resources industry The group general manager of the National Petroleum Investment Management Services (NAPIMS), a corporate services unit in the upstream directorate of […]
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company Limited (NNPCL), which formally transformed the old government-owned Nigerian National Petroleum Corporation (NNPC) into a full commercial oil company, limited by shares. Speaking at the epoch-marking event at the banquet hall of the Presidential Villa in Abuja, the President said: “We are transforming […]
The Major Oil Marketers Association of Nigeria (MOMAN) on Monday refuted claims by airlines’ owners that Aviation Turbine Kerosene (ATK), also known as aviation fuel, was being sold at N700 per litre in some parts of the country. The association’s Executive Secretary, MOMAN, Mr. Isong reportedly debunked the claims during an interview with the News […]
The Nigerian National Petroleum Company Limited (NNPCL) has expressed interest in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). The company’s Managing Director, Mallam Mele Kyari, who disclosed this when he led top management team of the entity on a courtesy visit […]
The Nigerian National Petroleum Company Limited (NNPCL), has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). The company’s Managing Director, Mallam Mele Kyari, who disclosed this when he led top management team of the entity on a […]