We'll Increase Remittances To FAAC, NNPC Assures Govs   The Nigerian National Petroleum Corporation on Wednesday told state governors that it would increase its remittances to the Federation Account Allocation Committee, a development that would lead to an increase in the monthly allocations to states. NNPC’s Group...

Experts Urge New NNPC Boss To Deal With Subsidy, Ailing Refineries   The contentious fuel subsidy, ailing refineries, pipeline vandalism, and crude oil theft, among others, have been tabled by industry stakeholders as some of the elements threatening the nation’s economy. Industry experts raised these as top...

NEITI Wants New GMD To Push For More Reforms In NNPC   The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday hailed the appointment of Mele Kyari as the new Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC). It described the appointment as a positive...

Kyari Appointed Nigeria’s OPEC Envoy The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC). The NNPC...

THE Minister of State for Petroleum, Dr. Ibe Kachikwu, informed newsmen in Abuja, on 17 December, 2015, that the Federal Government would focus on price modulation of petroleum products to ensure efficiency and regular supply of products; price modulation, according to the Minister, has...