Minister of State for Petroleum, Timipre Sylva has dismissed media reports that the new draft Petroleum Industry Bill (PIB) sent to National Assembly has recommended scraping of the NNPC.The minister allayed the fears while fielding questions from journalists at the National Assembly after an interactive session with the leadership of the assembly. He, however, clarified ...

Mr. Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday. Kyari, in a tweet on his official Twitter handle on Monday praised the leadership of the unions for choosing the pursuit of common good. He said : ...

The Nigerian National Petroleum Corporation (NNPC) says it will soon begin activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. The corporation disclosed this in a statement by the Group General Manager Public Affairs Division, Dr Kennie Obateru, in Abuja, on Sunday. The CNG (methane stored at high pressure) is a ...

The Nigerian National Petroleum Corporation (NNPC) says it will soon begin activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. The corporation disclosed this in a statement by the Group General Manager Public Affairs Division, Dr Kennie Obateru, in Abuja, on Sunday. The CNG (methane stored at high pressure) is a ...

The Nigerian National Petroleum Corporation (NNPC) has revealed why it shut down four oil refineries across the country. According to the Group Managing Director of the NNPC, Mele Kyari, the four oil refineries in Port Harcourt, Warri, and Kaduna were shut down because they were functioning below capacity. Kyari who was a guest on Channels ...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says  government can no longer afford fuel subsidy because of the economic issues facing the country. Kyari who dismissed the criticism that followed the recent fuel price increase noted that, “The outburst is very understandable but I also believe very strongly that ...

The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged in an online media outfit. The corporation disclosed this in a statement signed by its spokesman, Dr Kennie Obateru, in Abuja on Monday. He described the accusation as false, baseless ...

Another broth of corruption is brewing at the Nigerian National Petroleum Corporation, NNPC, with the inflation of the 614km Ajaokuta-Kaduna-Kano, AKK, natural gas pipeline project by $1,527,846,000, equivalent to N615 billion. The Bureau for Public Procurement, BPP, blew the lid off the scam perpetrated by Mele Kolo Kyari-led NNPC in connivance with the deceased ex-Chief ...

The Major Oil Marketers Association of Nigeria (MOMAN) says we all must remember the country is broke and can no longer afford subsidy. MOMAN’s Chairman, Mr Tunji Oyebanji  made the assertion in a statement issued on Friday in Lagos while reacting to the outcry over the recent increment of the ex-depot price of petrol. According ...

The Minister of Petroleum Resources (State), Mr Timipre Sylva has explained the recent increase in the price of petrol, admitting that the deregulation of the petroleum sub-sector will be difficult for a while but pay off on the long run. Mr Sylva said this on Thursday during a briefing in Abuja noting that the government ...