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N7.2tr Held by NNPC Can End Recession – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has asked the Federal Government to put in place urgent measures to recover the sums of $21.778 billion and N316.074 billion from the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Nigerian Petroleum Development Company (NPDC). NEITI...

Corruption: Britain to Expose Nigerian property owners

The British Government, will release information about Nigerians, who own property in that country next year. Prof. Bolaji Owosanoye, Executive Secretary, Presidential Advisory Committee against Corruption, told News Agency of Nigeria (NAN) in New York that negotiations on this had reached advanced stage. Owosanoye said the...

NUPENG calls off strike, FG raises bridging cost to N7.20

The Nigeria Union of Petroleum and Natural Gas employees has announced the immediate suspension of the nationwide industrial action embarked upon by its Petroleum Tanker Drivers division. This is coming as motorists went about their normal activities in Abuja and Lagos on Monday as most...

NNPC Reduces Gas Flaring by 26%

In its bid to tackle environmental pollution and global warming, the Nigerian National Petroleum Corporation (NNPC) has said it had succeeded in reducing gas flaring in by 26 percentage points in the last 10 years from 36 to 10. It said this had improved Nigeria...

Modular Refineries: Youths to Form Consortia of 1000 Barrels

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has thrown some light on the modular refineries the Federal Government is planning for the Niger Delta. Maikanti at the 53rd International Conference and Exhibition of the Nigerian Mining and Geosciences...

NNPC Cautions on Phantom Recruitment exercise

The Management of the Nigerian National Petroleum Corporation, NNPC, has raised the alarm on the existence of some dubious syndicates with specialty in extorting money from unsuspecting members of the public under the pretext of a purported recruitment exercise and promise of phantom job...