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All posts tagged "nigerian national petroleum"

  • 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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  • NNPC sold $20.9bn crude oil in seven months

    The Nigerian National Petroleum Corporation realised a total of $20.91bn in the first seven months of this year from the sale of 191,939,235 barrels of crude oil. The Group Managing Director, NNPC, Mr. Andrew Yakubu, disclosed this...

    • Posted September 28, 2013
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  • Theft: Oil production drops by 150,000 barrels

    Oil production in the country has dropped by 150,000 barrels of oil per day following the shut down of the Trans Niger Pipeline by Shell Petroleum Development Company. The Corporate Media Relations Manager, SPDC, Mr. Precious Okolobo,...

    • Posted September 25, 2013
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  • Alison-Madueke defends powers conferred on oil minister in PIB

    Minister of Petroleum resources, Diezani Alison-Madueke at the weekend charged members of the National Assembly to pass the Petroleum Industry Bill (PIB) without removing the controversial clause. Stakeholders, including the lawmakers have argued that the enormous powers...

    • Posted August 6, 2013
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  • FCT Area Councils share N1.93bn revenue, excess crude

    The six Area Councils of the Federal Capital Territory (FCT) received a total revenue of N1,937,036,351.75 from the Federation Account for the month of June 2013. The revenue represents a shortfall of N276,462,344.70 (about 12.5 per cent)...

    • Posted August 1, 2013
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  • FCT Area Councils share N2.2bn revenue, excess crude

    The Federal Capital Territory Area Councils Joint Account Allocation Committee (JAAC) on Tuesday distributed N2,213,498,696.45 among the six area councils and other stakeholders in the FCT being revenue that accrued for the month of May 2013. The...

    • Posted July 10, 2013
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  • Oil thieves frustrate efforts to curb $7bn revenue loss

    Crude oil theft, which is denying Nigeria about $7bn in revenue annually, has shown no sign of easing despite stakeholders’ efforts to stop it. In view of its effects on revenue generation and budget implementation, our correspondent...

    • Posted June 30, 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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  • Chevron to sell stake in Nigerian oil blocks

    An international oil company operating in Nigeria, Chevron, has announced its intention to divest its stakes in two shallow water oil blocks in the country. The company said on Tuesday the two oil blocks, OML 83 and...

    • Posted June 12, 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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