The Nigerian National Petroleum Corporation (NNPC) on Thursday, disclosed that currently over $48 billion investment opportunities existed in the Nigerian petroleum industry and called on foreign investors to tap into the returns-assuring investment opportunities. The corporation’s Group Managing Director, Dr Maikanti Baru, was quoted in a statement by the state-owned oil company as disclosing this […]
The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to increase its share to from the current 14 percent to 30 percent in the downstream retail market of the nation’s oil and gas industry. Making this disclosure on Tuesday at the first triennial delegates conference of the Petroleum and Natural Gas Senior Staff Association of […]
The Managing Director of the Petroleum Products Marketing Company Limited, (PPMC), Umar Ajiya, disclosed that the company had returned to profitability with a trading surplus of N32 billion between January and November 2018. This is even as he disclosed that the company, through the implementation of the Nigerian National Petroleum Corporation’s (NNPC’s) zero-scarcity strategy, had […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has charged foreign investors to consider Nigeria as their investment destination in view of its promising returns. Baru, who made the appeal at the 10th World Energy Capital Assembly in London, United Kingdom, described Nigeria as one of the best investment destinations […]
The Senate Committee on Gas disclosed on Wednesday that it discovered an illegal withdrawal of $1,151,609 from the dividends accounts of the Nigerian Liquefied Natural Gas (NLNG) by the Nigeria National Petroleum Corporation (NNPC). The allegation is coming on the heels of a recent similar accusation against the NNPC’s Group Managing Director, Dr. Maikanti Baru, […]
The Nigerian National Petroleum Corporation (NNPC) on Thursday hinted of its intention to invest more in downstream retail outlets with a view to increasing its share of the market from 14 percent. The corporation’s Group Managing Director, Dr Maikanti Baru, made the disclosure during the NNPC Special Day at the ongoing Lagos International Trade Fair […]
The Nigerian National Petroleum Corporation (NNPC) has confirmed that its funding arrangements on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will soon be concluded. The corporation’s Group Managing Director, Dr. Maikanti Baru, gave this hint on Tuesday in his speech at the Nigerian Day during the 30th edition of Gas Technology Conference in Barcelona, Spain. Specifically, […]