…the Committee believes that Nigeria was being shortchanged in tax payment The House of Representatives Ad-hoc Committee Investigating the Structure and Accountability of the Joint Venture (JV) Businesses and Production Sharing Contracts (PSCs) of the National Petroleum Company Limited (NNPCL) has accused the Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Mamman Nami
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‘NNPC should be unbundled and disbanded’ Former Governor of the Central Bank of Nigeria(CBN) and deposed Emir of Kano, Lamido Sanusi has called for the unbundling of the Nigerian National Petroleum Company Limited (NNPCL) declaring the national oil company as a money pit and not a “cash cow”. Sanusi, who spoke at the 7th edition
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The House of Representatives has set up an Ad-hoc committee to investigate the Joint Ventures and Production Sharing Contracts entered into by the Nigerian National Petroleum Corporation in the last 32 years. Femi Gbajabiamila, Speaker House of Representatives while declaring the hearing open, said he was delighted to inaugurate the committee “at this critical point
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The Nigerian National Petroleum Company Limited has said that the country would stop importing petroleum products by 2023. The Group Chief Executive Officer of the NNPC, Mele Kyari disclosed this during a press briefing at the state house in Abuja, on Tuesday. Speaking during the weekly Ministerial Briefing, hosted by the Presidential Communication Team at
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The Group Managing Director(GMD) of the Nigerian National Petroleum Corporation, (NNPC) Mele Kyari, on Tuesday assured Nigerians that the queues building up in filling stations will be diminished from today. Mr. Kyari gave the assurance after a meeting with President Muhammadu Buhari. He disclosed that fuel queues across the country are certain to abate following
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…marketers allege increase in ex-deport price Queues are beginning to resurface in major filling stations in the city of Abuja in the last twenty four hours despite the assurance from government that there will be no petroleum pump price hike. Most of the filling stations within the city centre and the environs were not dispensing
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The National Petroleum Investment Management Services, (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation, (NNPC) has disclosed it incurred N126.17 billion expenses in January. Out of the sum, N21.47 billion was spent on oil search in the frontier basins, rehabilitation of the nation’s refineries, and the Nigeria-Morocco gas pipeline. NAPIMS disclosed this in its
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The House of Representatives’ ad hoc committee set up to investigate stolen crude oil valued at N5tn on Wednesday grilled the Group Managing Director of the Nigerian National Petroleum Corporation, Melee Kyari. At the investigative hearing, which our correspondent obtained its video footage on Thursday, the management of NNPC and the lawmakers, however, disagreed over
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Timipre Sylva, the Minister of State for Petroleum Resources, has urged Nigerians to be ready to take the pains of increased petrol pump price as crude oil price goes up above $60 per barrel. Sylva explained that with no provision of subsidy in the 2021 budget, the Nigerian National Petroleum Corporation (NNPC) couldn’t continue to
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Applicants of the Nigerian National Petroleum Corporation (NNPC) 2019/2020 recruitment exercise have called on the Corporation to release its recruitment list. The applicants, in a statement, appealed to the National Assembly to prevail on NNPC to release the list of successful ‘Experienced Hires’ candidates for the 2019/2020 recruitment exercise. But the Corporation, in a statement
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The Nigerian government will privatise state-owned oil asset, Nigerian National Petroleum Corporation (NNPC), abolish key industry regulators to pave the way for new bodies and modify deepwater royalties, which in 2019 were altered, Reuters reported on Monday, after sighting a copy of the draft Petroleum Industry Bill (PIB) According to the agency, President Muhammadu Buhari
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Nigerian Association of Road Transport Owners, NARTO, has ordered its members, comprising truck and tanker owners, across the country to resume operations, stating that the Federal Government has agreed to shift the implementation of the ban on trucks with 45,000-litre capacity to January 1, 2020. Addressing newsmen in Abuja, National President of NARTO, Alhaji Yusuf
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A former Group Managing Director of Nigerian National Petroleum Company, NNPC, Joseph Dawha, is dead. A sources from the family made this known to newsmen that he died on Monday after a sudden illness. According to information, Mr Dawha was appointed GMD of NNPC to replace Andrew Yakubu by former President Goodluck Jonathan in August
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Following the recent increase in the price of Premium Motor Spirit (PMS) also known as petrol, the Independent Petroleum Marketers Association of Nigeria (IPMAN), South West chapter, has threatened to stop loading petroleum products in all depots within the region in protest. The DAILY VENDOR recalls that on July 1, 2020, the Petroleum Products Pricing
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The Nigerian National Petroleum Corporation (NNPC) has stepped off efforts in search of the availability of commercial quantity of hydrocarbon in the Frontier Basins of Bida and Sokoto with it is plan to deploy the acquire 600km of Two-Dimensional (2D) data for the evaluation. The Group Managing Director, NNPC, Malam Mele Kyari, represented by the
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