Kachikwu, who made this known an interface on Medium Term Framework Expenditure with the Joint Committee of the Senate and House of Representatives, said the current pricing does not need subsidy funding
Browsing: Nigerian National Petroleum Corporation
Setting the record straight in a statement, the company’s Managing Director, Moroti Adedoyin-Adeyinka, said Sahara Energy Resources Limited had a track record of strict compliance with the sector’s guidelines
According to a report obtained from Reuters on Monday, the Federal Government is breaking up the PIB and is replacing it first with a law to overhaul the petroleum sector with the aim of closing loopholes that bred corruption
Ekwunife said this during the oversight function of the committee to some fuel depots in Lagos
The engagement of the security agencies is also meant to assist in the monitoring of nationwide fuel truck-out to retail outlets
The NNPC in a release stated that in line with its drive to ensure zero fuel queues ahead of the forthcoming yuletide and beyond, the Corporation is working assiduously with its downstream subsidiary company, the Pipelines and Products Marketing Company, and other downstream players to consolidate the prevailing stability in the supply and distribution of fuel nationwide
“Some of those little steps we take, hopefully, will take this nation where it should go and I thought that in opening the bid, it should be very transparent
One of NNPC’s subsidiaries, the Products and Pipeline Marketing Company Limited, accounted for majority of the losses, as it spent over N300 billion on subsidy and in the repairs and management of its pipelines between January and August
Buhari reaffirmed this in a nationwide broadcast to mark Nigeria’s 55th Independence Anniversary
Dr. Ibe Kachikwu, the NNPC Group Managing Director, disclosed this at an interactive session with newsmen in Lagos
Nwaobia announced this in Abuja when she addressed newsmen on the outcome of the Federation Accounts Allocation Committee meeting.
A report by THISDAY had it that the vandals had already vandalised one of the pipelines of the Nigerian National Petroleum Corporation in the area and were siphoning fuel when the DSS operatives stormed the scene
NNPC disclosed that in the weeks and months ahead the Corporation will be re-negotiating the contracts to extract as much benefit as possible for Nigeria
Kachikwu stated this while addressing Energy Correspondents shortly after he was conducted round the Kaduna Refining Petrochemical Company in Kaduna
This was contained in a statement signed by Ohi Alegbe, NNPC’s Group General Manager, Group Public Affairs Division, and made available to newsmen on Wednesday in Abuja
‘If I select people whom I know quite well in my political party, whom we came all the way right from the APP, CPC and APC, and have remained together in good or bad situation, the people I have confidence in and I can trust them with any post, will that amount to anything wrong?’
He pointed out, however, that the ugly trend has reduced since he came onboard as the new GMD NNPC, even though he was quick to admit that a lot more still required to be done to finally curb the menace
This was contained in a press statement issued by the corporation’s Group General Manager, Group Public Affairs Division, Ohi Alegbe, and made available in Abuja on Thursday
The fund was said to have been withdrawn from one of the numerous accounts of the Nigerian National Petroleum Corporation
The deals, initiated in January by Buhari’s predecessor, Dr. Goodluck Jonathan, were designed to supply gasoline for crude as Africa’s top oil producer relies on imports for the bulk of its domestic consumption