NNPC Extends Crude-for-fuel Swap Contracts For Six Months       The Nigerian National Petroleum Corporation has extended for six months its contracts with private companies to swap crude oil for petroleum products, Reuters reported on Wednesday. In August last year, the NNPC announced the winners of its 2019/2020...

FG Okays N109bn Contracts For Four Roads, Hostel     The Federal Government on Wednesday approved different contracts on roads and others totalling N109.187bn. The approvals for the contracts were parts of the decision reached at a virtual meeting of the Federal Executive Council presided over by the...

NAICOM Okays Foreign Reinsurance Contracts Renewal For Insurers     The National Insurance Commission (NAICOM) has granted approval to local insurance companies to renew their reinsurance treaties abroad regardless of the current lockdown in many parts of the country. The approval was contained in a circular dated April...

Report Says "BPP Saved N26.86bn From Contracts Last Year"   The Bureau of Public Procurement has said it saved more than N26.86bn for the Federal Government in 2018 after revising inflated contract sums submitted by government contractors. BPP said this in its 2018 annual report, which was...

NNPC To Publish Details Of Contracts This Month The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday said that the oil firm would respond to calls for the disclosure of contracts and contractors later this month. He said the biggest contracts...

NNPC Awards Contracts For Crude-For-Fuel Swap The Nigerian National Petroleum Corporation has issued award letters for contracts to exchange crude oil for imported petroleum products, Reuters quoted sources familiar with the matter as saying. A total of 15 groupings, with at least 34 companies in total,...