ATIKU

The Nigerian National Petroleum Corporation, NNPC, on Thursday proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize the collection of royalties and other revenue in deep water oil production activities. In a presentation to the Joint House of Representatives Committees on the […]

….Remits over $608m as Royalty, Petroleum Profit Tax in 2016  The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the reported non-remittance of some crude oil revenue to the Federation Account. In a presentation to the Senate Ad hoc Committee on the recovery […]

…Victory Sign of NNPC’s Investment in ICT, Commitment to Openness, Accountability – Baru The Nigerian National Petroleum Corporation (NNPC) has emerged winner of the 2016 Phillips Consulting/WebJurists award for best website and overall social media use among federal parastatals in Nigeria. The honour was jointly awarded by Web Jurists, a website rating outfit in conjunction […]

The Nigerian National Petroleum Corporation, NNPC, has vowed to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta. The Corporation said it had created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation of investigations, and aggregate and deploy necessary resources to guarantee […]

The Nigerian National Petroleum Corporation (NNPC) is set to embark on a comprehensive rehabilitation of the nation’s three refineries located in Port Harcourt, Warri and Kaduna to achieve optimal capacity utilization in the New Year. Speaking at the Annual General Meetings of the three refineries in Abuja on Tuesday, the Chief Operating Officer, COO, Refineries […]

In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel. The Group Managing Director of the Corporation, Dr. Maikanti Baru, who disclosed this in Abuja today said the […]

…arrests 244 suspects The initiative of Dangote Group in sanitizing activities of its drivers engaged in illegal haulage has continued to yield results as its National Patrol Unit has over a period of time, arrested 244 suspects for various offences inimical to operations of the company. Còordinator of the unit, CP Magaji Abdullahi (Rtd), gave […]

A global online payment service provider “PayU” has been introduced in Nigeria with innovations that will continue to make the market more competitive. The PayU Payments Nigeria Limited with trading name as “PayU”, according to its Country Manager, Juliet Nwanguma, is a recently established payment business in Nigeria and fully approved by the Central Bank […]

…As Baru Bags PETAN Distinguished Leadership Award The Nigerian National Petroleum Corporation has reiterated its commitment to comply with the nation’s local content laws so as to further strengthen in-country value addition in the oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti Kacalla Baru disclosed this while speaking at the 2016 […]

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises […]

Moved by the plight of the Internally Displayed Persons (IDPs) and returnees in Yobe State, many of whom have been hit by starvation, the Dangote Foundation has flagged off the distribution of food and other relief items worth over N100 million to IDP camps in the state. The Foundation said its support to the IDPs […]

…As Baru Restates Commitment to Transparency The gale of transparency in the operations of the Nigerian National Petroleum Corporation, NNPC, was sustained on Thursday with the public opening of 224 bids submitted by companies seeking to purchase and lift Nigerian crude oil grades for the period 2016/2017. Successful companies would participate in the lifting of […]