House Panel Demands NNPC’s Response To Alleged $20.3bn Withdrawals         The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to an audit query issued against the corporation over alleged illegal withdrawals from...

Why PPMC Stopped Announcing Monthly Ex-depot Price - NNPC         The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing Company (PPMC) stopped announcing its monthly ex-depot price of the Premium Motor Spirit (PMS). Its Group General Manager, Group Public Affairs Division,...

We’ll Commence Oil Exploration In Chad Basin Soon – Fed Govt         The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked...

OML 40 Explosion Damages Marine Storage Vessel, Stalls 10,000bpd       The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease 40 involving its partners, Elcrest Exploration and Production Nigeria Limited. Spokesperson for...

EITI To Back NNPC In Financial Reporting       The Extractive Industries Transparency Initiatives (EITI) has promised to support the Nigerian National Petroleum Corporation in the aspect of the oil firm’s financial reports. EITI is a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries. The...

PIB: Host Communities And Transparency In Nigeria’s Oil Sectors    By Hon Abdullahi Mahmud Gaya   Petroleum Industrial Bill (PIB)  was introduced to the National Assembly in 2007 contrary to all Nigerians expectations. The Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly....