Senate wants to probe NNPC unbundling

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Describing the un­bundling of the Nigerian National Petroleum Corpora­tion (NNPC), Senate on Wednes­day as illegal, the Senate said it would soon commence the process of probing Federal Gov­ernment’s decision on the corpora­tion.

Workers of the NNPC had shut down the corporation’s operations n... Read Full Story:
Senate wants to probe NNPC unbundling

Nigerian govt unbundles NNPC into 7 units

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President Muhammadu Buhari on Tuesday approved the immediate unbundling of the Nigerian National Petroleum Corporation, NNPC, into seven independent operational units.
The Minister of State for Petroleum Resources, Ibe Kachikwu, who announced the unbundling of the national oil company in... Read Full Story:
Nigerian govt unbundles NNPC into 7 units

Nigeria’s refineries lose N5.7 billion in January

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According to the NNPC’s Monthly Operations and Financial Report for January, released on Sunday in Abuja, Nigeria’s four refineries lost a total of N5.7 billion in January, the state oil firm.
“The Kaduna, Port Harcourt and Warri Refineries posted losses of N2.87 billion, N1.95 billion and N900 ... Read Full Story:
Nigeria’s refineries lose N5.7 billion in January

FG to split NNPC into 30 firms next week

The Federal Government will next week announce a major overhaul of the Nigerian National Petroleum Corporation as well as the firm’s unbundling into 30 different companies, the Minister of State for Petroleum Resources and Group Managing Director of the NNPC, Dr. Ibe Kachikwu, has s...
FG to split NNPC into 30 firms next week

Buhari assures China those responsible for stealing Nigeria’s oil funds will soon be prosecuted

http://i0.wp.com/www.nollywoodfreaks.com/wp-content/uploads/2015/09/President-Muhammadu-Buhari1.jpg?fit=1024%2C1024 President Muhammadu Buhari has reiterated his position that those who misappropriated billions of naira of funds belonging to Nigeria’s state oil company NNPC, will soon be prosecuted, his spokesman, Femi Adesina has said.
Mr. Buhari, who said this on Sunday in New York at a meeting with P...
Buhari assures China those responsible for stealing Nigeria’s oil funds will soon be prosecuted

The Group Managing Director of NNPC may sell Nigerian refineries that don’t meet ultimatum on rehabilitation – GMD

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The Group Managing Director of NNPC, Ibe Kachiukwu says there are plans by the oil corporation to sell off refineries that do not meet up the deadline for their rehabilitation. Kachiuwku made the disclosure while speaking to newsmen in Lagos recently
“By the end of December when the...
The Group Managing Director of NNPC may sell Nigerian refineries that don’t meet ultimatum on rehabilitation – GMD

Nigerian Army partners with NNPC to stop oil theft and pipeline vandalism

In its bid to eradicate pipeline vandalism and oil theft in Nigeria, the group Managing Director of NNPC Ibe Kachikwu yesterday September 8th held a meeting with the Chief of Defence Staff, Gen. Gabriel Olonisakin where he called on the Nigerian Army to help in the protecting NNPC’s...
Nigerian Army partners with NNPC to stop oil theft and pipeline vandalism

NNPC raises alarm as fraudsters create phony Facebook accounts for new GMD

Press statement from NNPC
The Management of the Nigerian National Petroleum Corporation, NNPChas drawn the attention of members of the public especially stakeholders in the global oil and gas industry to the existence of a spurious facebook account purportedly belonging to its newly appointed...
NNPC raises alarm as fraudsters create phony Facebook accounts for new GMD