Most of the issues listed against the Nigerian National Petroleum Corporation (NNPC) in past reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) have been fully resolved or are being addressed, a joint committee of the two organisations has submitted. The NEITI-NNPC Joint Committee on Remediation and Mainstreaming was inaugurated...
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has commended the Mallam Mele Kyari-led management of the Nigerian National Petroleum Corporation (NNPC) for its openness and sustained progress towards accountability and meeting its obligations to the Federation in spite of the challenges posed by the Covid-19 pandemic. The Chairman of...
In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as a Supporting Company, the Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Ms. Murjanatu Ibrahim Gamawa as EITI Implementation Programme Manager to help drive speedy...
The Minister of State for Petroleum Resources, Chief Timipre Sylva said Nigeria has come to terms with application of domestic gas as a platform to drive a truly sustainable in-country economic diversification. Chief Sylva spoke while delivering his keynote address on the occasion of the 13th Annual International Conference of...
...Commends NNPC, OilServ For High Quality Job The Federal Government has concluded all necessary arrangements for the disbursement of funds ($2.5billion) for the construction of the 614km Ajeokuta-Kaduna-Kano (Akk) natural gas pipeline. This was disclosed by the Minister of Finance, Budget & National Planning, Mrs Zainab Ahmed during an inspection tour...
As Nigerians await the full compliance of regulated price of Premium Motor Spirit (PMS) from N167 per litre to N162 per litre, cost elements in the Petroleum Products Pricing Regulatory Agency (PPPRA) Template shows that the Federal Government is defrauding Nigerians. Recall, on November 15, 2020, the Nigerian National Petroleum...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated his commitment to conducting the business and operations of the Corporation in a transparent manner with a view to placing it on the path of profitability. Mallam Kyari made the pledge Friday at the...
The International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa’s energy transition. The two entities signed a Declaration of Intent to coordinate on a range of activities, including co-organizing renewable energy investment...
The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians. A statement from the Group General...
The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria. Chairman of the Committee, Mr. Hassan Bello said, Nigeria was losing $1.9bn to foreign ship owners annually therefore, appealed to...