The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has said under-recovery on Premium Motor Spirit, also known as petrol, has dropped to between N20 per litre and N25 per litre from over N80 per litre.
The agreement, signed on Friday in Abuja, was between SPDC, Geometric Power Aba Limited and Gas Aggregation Company of Nigeria.
The Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru, on Thursday, said that the corporation had saved 30 million dollars from insurance premium in the past three years.
While signing the agreement on Wednesday in Abuja, Baru said it was part of the on-going efforts to reposition the organisation.
This is according to documents submitted to the Senate Committee on Gas Resources by the CBN in Abuja on Thursday.
The Group Managing Director of NNPC, Dr Maikanti Baru, said this during NNPC Special Day at the ongoing Lagos International Trade Fair on Thursday in Lagos.
The Corporation says it is utilising the fund to augment under-recoveries in the importation of Premium Motor Spirit popularly known as petrol.
The former governor described the planned increment as a way of taking back of whatever that is added to workers salary as minimum wage increment.
The Senate President, Dr. Abubakar Bukola Saraki, has said the Senate on resumption of plenary will further probe the claims made before the Ahmed Lawan Adhoc Committee by the Group Managing Director of the Nigerian National Petroleum…
The Federal Ministry of Finance has denied knowledge of a $3.5 billion fund allegedly kept and utilised by the Nigeria National Petroleum Corporation for fuel subsidy.
The Group Managing Director of the Nigeria National Petroleum Corporation, Maikanti Baru, on Thursday said the corporation has used $1.05 billion from the dividends of Liquified Natural Gas to augment daily shortages incurred in the pump…
The Management of Nigerian National Petroleum Corporation has distanced its Group Managing Director, Dr Maikanti Baru, from alleged cash transfer to President Muhammadu Buhari’s Campaign Organisation to support publicity.
Dr Maikanti Baru, the Group Managing Director of NNPC, made the commendation when he visited NPDC, its upstream subsidiary on Wednesday, a statement released by the Corporation, on Thursday in Abuja said.
The National President of the Union, Olabode Johnson made the appeal on Tuesday in Abuja while addressing newsmen on its planned 40th anniversary.
The Nigerian National Petroleum Corporation has urged host communities to create avenues to avoid continuous destruction of oil pipelines by bad elements in their midst.
Baru made the commendation in a statement signed by Ndu Ughamadu, the Spokesman of the corporation in Abuja on Friday.
The Group Managing Director, NNPC, Dr Maikanti Baru, has urged oil workers to halt their planned strike over a labour dispute involving Chevron Nigeria Limited management and the staff.