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.
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Speaking during the presentation of the 2019 Budget, Buhari explained that subsidies today are much more different from what they used to be in the past, stating that the Nigerian National Petroleum Corporation is the sole importer of oil today.
Adeyemi Adetunji, Managing Director, Nigerian National Petroleum Corporation Retail, said the company made N1.8 billion profit after tax in 2017.
Facts have emerged why the Nigeria National Petroleum Corporation decided to withdraw $1.2 billion from Nigeria Liquified Natural Gas account.
The Senate Committee on Gas Resources and the Nigeria National Petroleum Corporation on Thursday says no 1.05 billion dollars is missing from the Nigerian Liquefied Natural Gas dividend account.
News Agency of Nigeria reports that Okpokoroala is the host community of the Aba Depot of the NNPC.
Isiaka Abudulrasaq, the Chief Financial Officer of NNPC, gave the assurance in an interactive session with journalists in Lagos on the corporation’s stewardship to Nigerians in Lagos on Saturday.
The Nigerian National Petroleum Corporation has reiterated that it has no plan to carry out mass retirement of staff.
The IPMAN chairman in the state, Alhaji Bashir Dan-Malam, made this known in an interview with the News Agency of Nigeria in Kano on Tuesday.
The corporation disclosed this in a statement signed by Ndu Ughamadu, its Group General Manager, Group Public Affairs Division on Tuesday in Abuja.
Group Managing Director of the NNPC, Dr Maikanti Baru, expressed the Corporation’s commitment at the opening ceremony of the Eighth Annual Conference and Exhibition in Lagos.
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.
The Managing Director of the Petroleum Products Marketing Company, Umar Ajiya, has urged Major Marketers Association of Nigeria to regulate the volume of petroleum products dispatched to their member stations close to the borders.
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 Senate on Thursday demanded for all withdrawals from the Nigeria Liquified Natural dividends account totalling $3.1 billion by the Nigerian National Petroleum Corporation from 2015 till date, which comes to about 22 withdrawals.
If Atiku’s proposal to sell NNPC translates to his having “dangerous intentions for Nigeria”, what does the new Petroleum Industry Bill packaged and supported by these same people portend? Danger also, abi?
The Atiku-Agbaje Media Engagement Network has urged the Presidential candidate of the Peoples Democratic Party, Atiku Abubakar to rescind his proposed policy on sale of NNPC if elected.
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 Nigerian National Petroleum Corporation says it transferred N128.40 billion into the Federation Account in August.