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NNPC Produces 218.37Bn Cubic Feet (BCF) of Natural Gas in March

… Records 47 Per cent Decrease in Pipeline Vandalism (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscfd). This was contained in NNPC Monthly Financial and […]

Nigeria Posts $434.85million Crude Oil Export Sales in January

… As Vandalism of NNPC Pipelines Spikes (AFRICAN EXAMINER) – Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated.  The statement by […]

Fraud: SEC Slams 5-Year Ban on Oando CEO, Wale Tinubu, Others

(AFRICAN EXAMINER) – The Securities and Exchange Commission (SEC) has ordered the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu and other board members to resign their appointment. SEC, in a statement issued Friday, indicated that the order followed the outcome of its concluded investigation on the sacked Chief Operating Officer (CE0) and affected […]

NNPC Begins Recruitment Exercise

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has confirmed that it has opened its portal for recruitment of fresh graduates and experienced professionals into the empire. NNPC Group General Manager, (Public Affairs Division), Mr Ndu Ughamadu, confirmed this in an interview with the NAN in Abuja Wednesday. He re-affirmed that the portal for […]

Business Magnate, Femi Otedola Sells Forte Oil

(AFRICAN EXAMINER) – The Chairman of Forte Oil Plc, Mr. Femi Otedola has announced his resolve to sell all his shares in the firm’s downstream business. Forte Oil gave the hint on divestment Monday by its majority shareholder in a notice signed by its General Counsel, Mr. Akinleye Olagbende. “Forte Oil Plc hereby notifies the Nigerian […]

Oil Prices Hit $80 Per Barrel, Highest Since Nov 2014

(AFRICAN EXAMINER) – Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. Brent crude futures LCOc1 reached an intraday high of $80.18 while U.S. West Texas Intermediate (WTI) crude […]

Scarcity: NNPC Increases Daily Fuel Cargoes to Boost Supply

ABUJA, NIGERIA (AFRICAN EXAMINER) – As the queue for Premium Motor Spirit PMS fuel resurfaces in some cities across the country, the Nigerian National Petroleum Corporation (NNPC) says it has programmed to bring in two cargoes of petrol per day for the rest of February 2018 to boost supply. Each of the two cargoes according […]

Baru Has Transformed NNPC Trading Company From Debtor Status To Profitability, Says Aide

Photo: Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru (AFRICAN EXAMINER) – Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD) Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. Since assuming duty, Dr. Baru has secured about $2 billion discounts […]

Nigeria Loses $850m to Gas Flaring —DPR

(AFRICAN EXAMINER) – The Department of Petroleum Resources (DPR)  said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015. Mrs Pat Maseli, Deputy Director, Head, Upstream, DPR, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in […]

NNPC Commends Taleveras As It Moves to Recover $184m Crude SWAP Under-Deliveries From Companies

Picture caption: Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation, NNPC has commended Taleveras, one of Nigeria’s oil companies for its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement. Group Managing Director (GMD), Nigeria National Petroleum Corporation […]

NNPC Dispels Rumour On Planned Petrol Pump Price Hike

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has urged motorists in Abuja and its environs, as well as the entire country, not to engage in any panic buying of petroleum products. The oil giant assured motorists that it has 1.3billion litres stock of PMS, otherwise called petrol, which […]

NUPENG, PENGASAN Suspend Anti-Labour Practices Strike

ABUJA, NIGERIA (AFRICAN EXAMINER) – The three-day warning strike embarked upon by members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been suspended. While the workers suspended their actions Wednesday which was in protest against anti-labour practices in the oil and gas sector, their counterparts under the Petroleum and Natural Gas Senior Staff Association of […]

NNPC Announces Oando, 38 Other Bidders For 2017/2018 Crude Oil Contract

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced the list of 39 successful bidders for the 2017/2018 crude oil term contract. The Group General Manager, Crude Oil Marketing Division (COMD) of the Corporation, Mr. Mele Kyari announced that the contract would run for one year effective from […]

Fashola Begs Employers Not To Sack Workers Over Poor Power Supply

By Ayo Balogun LAGOS, NIGERIA (AFRICAN EXAMINER) – Minister of Power, Works and Housing, Mr. Babatunde Fashola has advised industrialists, directors and other employers of labour in the country not to panic or downsize their staff in the face of current power supply challenges, indicating that the Federal Government has put a roadmap in place […]

Shell Increases Gas Production in Eastern Niger Delta

BALTIMORE, MD (AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture is producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increasing domestic gas production for manufacturing and power generation. Some 10 million standard cubic feet of non-associated gas per day (MMscf/d) […]

CPC Concludes DStv Investigation, Orders Compensation, toll-free Lines for Consumers

Ayodele Afolabi, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – After an extensive investigation, the Consumer Protection Council (CPC) has said that it has substantiated allegations of violations of consumer rights by MultiChoice Nigeria Limited in the provision of its Digital Satellite Broadcast Television (DStv) service. A statement from the office of the Director General, Dupe Atoki […]

Again, Springfield Debunks Report Linking CEO, Okyere To Corruption, Slams Controversial Website

Oil and Gas company, Springfield Ashburton Limited has again debunked reports circulating in the media, particularly controversial website, Sahara Reporters, linking its MD/CEO, Mr. Kevin Okyere, to corruption in Nigeria’s oil sector under former Petroleum Minister, Mrs. Deziani Alison-Madueke. In a rejoinder to the Sahara Reporters’ story which the website has deliberately not published for […]

Group advocates effective funding of Nigeria Gas Master Plan

By Eric Ojo, Abuja – The Centre for Social Justice (CSJ), an indigenous non-governmental organization (NGO) has harped on the need for a robust and effective funding of the Nigerian Gas Master Plan (NGMP) in order to boost the revenue base of economy in the light of the dwindling oil prices at the international market. […]

CONFAB Delegates Recommend State of Emergency On Power Sector

Delegates at the ongoing National Conference in Abuja have recommended to President Goodluck Jonathan to declare a state of emergency in the power sector. The recommendation was made while adopting the report of the conference committee on Energy. The conference similraly recommended that Federal Government should not leave power and energy to private sectors as […]

Benin Power Company Plans N45bn Investments

Kayode Adelowokan Following the threat by the Nigerian Electricity Regulatory Council (NERC) to sanction distribution companies for shoddy services to consumers, the Benin Electricity Distribution Company (BEDC) has said it would invest over N45 billion to fix power distribution challenges in order the improve the network and increase meter availability. Managing Director of the company, […]

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