Buhari Inaugurates NNPC Board, Demands Transparency, Accountability   President Muhammadu Buhari has urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, and...

Buhari Replaces Ararume With Okadigbo’s Widow As NNPC Board Chair   President Muhammadu Buhari has approved the appointment of the Board and Management of the Nigerian National Petroleum Company (NNPC) Limited, with Senator Margret Chuba Okadigbo, representing the Southeast, as Board Chairman. The President had on September...

Buhari Appoints Board, Management Of NNPC   President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited. This is in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act he signed on August 16, 2021. Special...

Fed Govt Owes Five IOCs $1.15bn Cash Call Arrears, Clears $3.53bn Debt   A total of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15bn. Latest status report on...

Six Multinationals To Pay N249bn Oil Proceeds In January – NNPC   A total of N249.3bn for October 2021 domestic crude oil sales by six multinational oil companies operating in the upstream sector will be paid in January 2022, the Nigerian National Petroleum Company Limited has...

350 Pipeline Points Vandalised In Seven Months - NNPC   A total of 350 pipeline points were vandalised from January to July this year, the latest data obtained from the Nigerian National Petroleum Company Limited have shown. The number of vandalised pipeline points rose from 27 in...