NNPC To Punish Procurement Defaulters   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Wednesday, warned the management and members of staff of the oil firm against any action that contravened the provisions of the Public Procurement Act in the...

NNPC To Build Fertiliser, Power Plants In Bayelsa, Kaduna, Others The Nigerian National Petroleum Corporation on Tuesday expressed its preparedness to build additional Independent Power Plants in Abuja, Kaduna and Kano. It said the plants when completed would add 4,000 megawatts of power to stabilise the...

NNPC Incur N228.1bn Revenue Loss As Refineries Remain Dormant The Nigerian National Petroleum Corporation lost revenue of N228.1bn between April and November 2018, a period of about seven months, as its refineries continued to perform poorly, the latest industry data revealed. Figures obtained from the national...

NNPC Recovers N771m Forfeited Assets From Defaulting Marketers   The Nigerian National Petroleum Corporation (NNPC) has recovered assets worth over N771m from some marketers who had under-paid for petroleum products supplied to them from Petroleum Products Marketing Company (PPMC) Kaduna Depot. The Chairman of NNPC Anti-Corruption Committee,...

Nigeria to Attract $48bn of $194bn Oil Investment in Africa - NNPC   Nigeria will attract $48.04 billion or 24.8 per cent of an estimated $194 billion total oil and gas investment slated to be made in Africa within the next seven years, the Nigerian National...

NNPC Woos Investors For $48bn Oil Sector Capital Projects   The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has called on investors to utilise the over $48bn investment opportunities available in the upcoming capital projects in Nigeria’s oil and gas industry. Baru made the call...