All posts tagged "national petroleum corporation"

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  FG earmarks $8b for Gas-to-Power programme to boost electricity supply

  The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting the gas-to-power demand in the country. Vice President Namadi Sambo stated this in Abuja on...

  • Posted September 28, 2013
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  Oil exports declined by 11% in Q2 – NBS

  The country’s oil exports declined at a slower pace in the second quarter compared with the previous three months, according to the National Bureau of Statistics. Crude shipments fell by 11 per cent to N2.7tn ($16.6bn) last...

  • Posted September 19, 2013
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  Nigerian insurers lose billions of Naira to oil industry premium flight

  The woes of Nigeria’s domestic insurance industry operators may not go away any time soon, except they pool capacity to underwrite big ticket risks and put an end to the issue of premium flight in the oil...

  • Posted August 14, 2013
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  NNPC to acquire divested assets of IOCs

  Nigerian National Petroleum Corporation, NNPC, Monday, said it will acquire the divested assets of International Oil Companies, IOCs, in Nigeria. The NNPC has also borrowed about N224 billion ($1.4 billion) from the international financial market to settle...

  • Posted July 9, 2013
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  Why we detained NLNG vessels – NIMASA

  The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it detained the three vessels belonging to the Nigerian Liquefied Natural Gas (NLNG) due to its failure to pay levies due to and its lack of...

  • Posted June 27, 2013
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  EX- NNPC staff rearrested for pipeline vandalism

  A former staff of the Nigerian National Petroleum Corporation, Bashiru Majiyagbe, who was jailed for five years for his alleged involvement in pipeline vandalization, has been arrested again. Majiyagbe was rearrested few weeks after he finished serving...

  • Posted June 17, 2013
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  Bonga: 19 new oil wells may gulp N1.96tn

  Indications emerged on Friday that Shell Nigeria Exploration and Production Company Limited will spend $12.35bn (about N1.96tn) on the planned drilling of 19 new oil wells as part of the expansion of Bonga deep water oil field....

  • Posted June 2, 2013
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  Oil production drops by 127,000bpd

  Nigeria’s crude oil production has dropped by 127,000 barrels per day from about 2.3 million bpd following the declaration of force majeure on Usan crude by the oil major, Total Plc. The force majeure,  Total said in a statement made...

  • Posted May 31, 2013
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  Reps fault NNPC over non-payment of N142billion

  Members of the House of Representatives today, Thursday, expressed displeasure over the failure of Nigerian National Petroleum Corporation ((NNPC) to remit the sum of N142 billion to the Consolidated Revenue Fund (CRF) as provided by the law....

  • Posted May 23, 2013
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  Nigerian businesses borrow N1.59trn in 4 months

  Businesses in Nigeria have borrowed over N1.59 trillion from both local and international banks through syndicated loan deals, since the beginning of 2013, according to reports from Reuters released yesterday. This, according to the report, was driven...

  • Posted April 30, 2013
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