70% Of NNPC’s AKK Gas Pipeline Delivered, Project Not Abandoned – Kyari   The Nigerian National Petroleum Company Limited (NNPC) has spent $1.1 billion (about N506.6 billion) on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, delivering 70 per cent of the trunk welding. The Group Chief Executive Officer...

NNPC: Where Are Our Refineries after 8 years?   The funds we have been spending on subsidies could buy us brand new refineries off the shelf. The NNPC awarded homongous contracts for the rehabilitation or refurbishment of our four national refineries, and by the terms of the...

Senate Charges NNPC for Mismanagement of N102bn Crude Oil Deliveries Senate has indicted Nigeria National Petroleum Company Limited for poor record-keeping for crude oil deliveries to Warri Refinery and Petrochemical Company and Kaduna Refinery and Petrochemical Company worth $376, 655,589 (N102.6bn). The indictment stemmed from the...

Abuja Residents Groan as Fuel Scarcity Bites Harder By Khadijah Ahmad Ado Some residents of FCT Abuja have expressed their concerns about the unending fuel scarcity in the country. Speaking to ECONOMY ON THE STREET anchor, Rahma Oladosu, the residents said this is one of the longest...

Buhari Commissions 32MW NNPC Maiduguri Power Plant President Muhammadu Buhari on Thursday commissioned the 32 megawatts (MW) Maiduguri Emergency Power Project (MEPP) in Borno State completed in 16 months by NNPC Ltd. Speaking at the commissioning ceremony, the president said, “The MEPP is part of an...

We Now Spend Above N400bn Monthly on Subsidy - NNPCL The Nigerian National Petroleum Company Limited, on Friday, revealed that the amount spent as subsidy on Premium Motor Spirit, popularly called petrol, had crossed N400bn monthly. NNPCL’s Group Chief Executive Officer, Mele Kyari, disclosed this at...