nnpc

NNPC

[The Injustice Blog] NNPC is not interested in accountability and they are proud to flaunt it

The Nigerian National Petroleum Corporation (NNPC), Nigeria’s state owned oil company has been at the centre of controversy due to recurring accusations of corruption and poor accountability. Successive administrations have promised to end the rot in the agency, however that remains a pipe dream as what we have is the sustenance of the status quo... Read More

Counter Culture Blog

accountability, falana, nnpc

January 27, 2018

Obasanjo’s letter to Buhari, Dino Melaye accuses NNPC of ‘monumental corruption’ and other top stories of the week

These are the top ten stories that drove conversation this week. Sixteen, out of the 36 states in Nigeria, have indicated interest to be part of the cattle colonies initiative of the Federal Government. According to the Special Assistant to the Minister for Agriculture, Audu Ogbeh, Dr Olukayode Oyedele, said more are expected to join.... Read More

Featured, The News Blog

Big ten, corruption, dino melaye, Muhammadu Buhari, nigerian stories, nnpc, olusegun obasanjo, top stories

January 1, 2018

Senate blames both NNPC and oil marketers for the fuel crisis

The Nigerian Senate Committee on Petroleum Downstream has blamed the Nigeria National Petroleum Corporation (NNPC) and marketers for the ongoing fuel crisis plaguing the country. The Committee Chairman, Kabiru Marafa, stated this on Monday in Gusau while inspecting the fuel situation in the country. Marafa, who was accompanied by a member of the committee, Abdullahi... Read More

fuel scarcity, nigerian senate, nnpc, oil marketers

December 31, 2017

Fuel scarcity caused by oil marketers | NNPC insists

The Nigerian National Petroleum Corporation (NNPC) has insisted that the fuel scarcity experienced in the country was caused by oil marketers. Background: Oil marketers in a statement had said the fuel scarcity was as a result of the NNPC unable to meet demands for the products. But in its response, the corporation said the marketers... Read More

fuel scarcity, nnpc, oil marketers

December 29, 2017

NEITI recommends that NNPC accounts for N5.15trn

The Nigerian Extractive Industries Transparency Initiative (NEITI), on Friday, released its 2015 Oil and Gas Industry Audit Report. One of the most prominent recommendations of the report is that the Federal Government asks the Nigerian National Petroleum Corporation (NNPC), to fully account for over $16.8 billion (about N5.15 trillion at N306.3 to $1) collected as... Read More

NEITI, nnpc, Oil and Gas

December 29, 2017

The Late 5: Baru’s claim on fuel scarcity, Buhari signs six bills, and other top stories

These are the stories that drove conversation today. Liberian Vice President and candidate at the Presidential run-off, Joseph Boakai has congratulated former football star, George Weah on his victory. Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Friday said the Federal Government has successfully ended the fuel scarcity in the country. Minister of Transportation, Rotimi Amaechi has said the... Read More

fuel scarcity, Maikanti Baru, nnpc, President Muhamadu Buahri

December 29, 2017

Fuel scarcity: NNPC boss Maikanti Baru has been misinformed

Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru on Friday, said the Federal Government has successfully ended the fuel scarcity in the country. Baru said this in an interview with State House correspondents after joining fellow Muslims for Jumat service in a mosque at the Presidential Villa, Abuja. What Baru said: Baru said information... Read More

ended, Maikanti Baru, misinformed, nnpc

December 28, 2017

We paid NNPC N90bn for fuel but received nothing – Oil marketers

The Depot and Petroleum Products Marketers Association on Thursday said its members paid over N90bn for petrol supply but had yet to receive any cargo from the Petroleum Products Marketing Company, a subsidiary of NNPC. DAPPMA said the Nigerian National Petroleum Corporation lied when it said its members owe the oil firm N26.7bn. What happened: The... Read More

fuel scarciry, N90bn, nnpc, oil marketers

December 28, 2017

Fayose criticises Osinbajo over fuel subsidy

The governor of Ekiti, Ayodele Fayose, has attacked Vice-President Yemi Osinbajo over his Tuesday comment regarding fuel subsidy – that the Nigerian National Petroleum Commission (NNPC) bears the cost of fuel subsidy and not the federal government. His comments came after the GMD of NNPC, Maikanti Baru said the landing cost of petrol is now N171 as... Read More

Ayodele Fayose, fuel subsidy, nnpc, Yemi Osinbajo

December 27, 2017

NNPC, marketers need to stop accusing each other over fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) has said the claim by Depot and Petroleum Products Marketers Association (DAPPMA) that it was not supplied fuel is false. Background: Fuel marketers had claimed that their deports are empty, denying that they are not hoarding fuel. They claimed that the fuel scarcity was caused by the inability of the... Read More

blame, Marketers, nigerians, nnpc, scarcity

December 27, 2017

YNaija Analysis: Fuel scarcity is Nigerian by birth

by Alexander O. Onukwue Sometime around March 2003, Mobolaji Aluko was raising an alarm about an unprecedented occurrence when he made the following observation: “I saw two-mile long queues with my own eyes within the past fortnight week, including just a week ago as I travelled from Akure to Abuja. Petrol cost as “low” as... Read More

Thinking Through

deregulation, fuel importation, fuel scarcity, nnpc, PPRA Country woes

Fuel

December 27, 2017

Oil marketer blames NNPC’s monopoly for the fuel scarcity

An oil and gas merchant, Capt. Emmanuel Iheanacho has attributed the persistent fuel scarcity to the monopoly of petrol by the Nigerian National Petroleum Corporation (NNPC). Mr Iheanacho, also the Chairman, Integrated Oil and Gas Ltd., told the News Agency of Nigeria (NAN) in Lagos on Tuesday that the inability of NNPC to create a... Read More

Capt. Emmanuel Iheanacho, fuel scarcity, nnpc

December 27, 2017

Major oil marketers, IPMAN confirm receipt of fuel from NNPC

Major oil marketers and Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday, confirmed receiving fuel from the Nigerian National Petroleum Corporation (NNPC). According to the executive secretary of Major Oil Marketers Association of Nigeria (MOMAN), Obafemi Olawore, his members began receiving the product on Monday. Lawore said though supply from NNPC is below their... Read More

fuel scarcity, IPMAN, nnpc

December 25, 2017

Fuel is now available, stop panic buying – NUPENG

The South-West Chairman of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Tayo Aboyeji on Monday confirmed that massive loading of petrol was ongoing at different depots in Lagos. Aboyeji made the confirmation in an interview with the News Agency of Nigeria in Lagos, assuring Nigerians that the current scarcity of fuel would end... Read More

fuel scarcity, nnpc, NUPENG

December 23, 2017

Here’s what NNPC is doing to stop fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) has said some major marketers are already loading products round the clock from their various depots in Lagos to other parts of the country. In a statement on Saturday, NNPC said it has “intensified efforts to flood the market with Premium Motor Spirit (PMS)” to curb the fuel scarcity. The... Read More

fuel scarcity, Marketers, nnpc, solution

December 21, 2017

The YNaija Cover this evening – the 21st of December

Follow the links to read the stories and analyses on YNaija: A shady deal, tribal poker | 6 things we’ve learned from the Innoson vs EFCC saga Can NNPC stop making promises and faithfully end the fuel queues? The Thread: This is why the #FalzExperience was the ultimate show this year

falz, gtb, innoson motors, nnpc, YNaija Cover

December 21, 2017

Can NNPC stop making promises and faithfully end the fuel queues?

The Nigerian National Petroleum Corporation (NNPC) on Thursday, in Abuja, says fuel queues will clear off by the weekend. The NNPC spokesman, Ndu Ughamadu said there was an increase in the number of incoming trucks of petrol into the FCT to curb the queues in the city. According to him, the NNPC Group Managing Director, Dr Maikanti... Read More

fuel scarcity, Ibe Kachikwu, Maikanti Baru, nnpc

December 20, 2017

The Late 5: Firdaus’ case gets the attention of Reps, David Mark faults EFCC’s claims and, other top stories

These are the top five stories that drove conversation today. The main opposition party, PDP has claimed that President Buhari is building prisons for its members. Most likely on the premises that the President wants to ‘disturb’ the party’s planned take over in 2019. Then, in another development, a faction of the PDP opened a... Read More

Featured, The News Blog

2019 Elections, Amasa Firdaus, David Mark, Late 5, Nigerians news, nnpc, SARS

December 20, 2017

This new power generation plan by the NNPC is good but will it come to pass?

The Nigerian National Petroleum Corporation (NNPC) has laid out plans to construct three power plants to generate about 4,600 megawatts in the Northern part of the country. The power plants, to be located in Abuja, Kaduna and Kano, would rely on gas supplies from the proposed Ajaokuta-Abuja-Kaduna-Kano, AKK, Gas Pipeline project. NNPC’s Group Managing Director,... Read More

Electricity, nnpc, Power

December 16, 2017

NNPC intercepts 144 truck loads of diverted fuel

The Nigerian National Petroleum Corporation (NNPC) on Friday, stated that its monitoring team together with security agencies set up to rapidly end remnants of petroleum products supply gaps in parts of the country has discovered 144 trucks that were not streamed by some marketers in Kano. The NNPC, in a statement in Abuja, said the... Read More

December 15, 2017

Kachikwu presents to the FEC, same NNPC contract he accused Baru of illegally awarding

The Minister of State for Petroleum, Ibe Kachikwu, on Wednesday presented to the Federal Executive Council (FEC) for approval the much talked about $2.7 billion (about N827 billion) gas pipeline contract he accused the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, of awarding without approval two months ago. Kachikwu told... Read More

fec, Ibe Kachikwu, Maikanti Baru, nnpc

Fuel

December 12, 2017

Days after FEC’s order, fuel scarcity persists

The Federal Executive Council had on Wednesday, December 6, mandated the NNPC boss, Maikanti Baru and the Minister of State for Petroleum, Ibe Kachikwu to ensure that all fuel queues disappear before Monday, that is yesterday but, the problem is growing. Why it matters: The Nigerian National Petroleum Corporation (NNPC), through its spokesperson, Ndu Ughamadu,... Read More

fuel scarcity, Ibe Kachikwu, Maikanti Baru, nnpc

December 8, 2017

Fuel scarcity: The question of the ‘independence’ of marketers

by Alexander O. Onukwue There is an ongoing scarcity of products in the country. Thinking through the roles being played by the various actors in the country’s fuel subsector, one cannot but wonder what the causes are given the expectation that there should be a certain form of independence from government in the market. NUPENG,... Read More

Thinking Through

fuel scarcity, nnpc, NUPENG, PPA

December 7, 2017

The Thread: This is why there is fuel scarcity

Despite numerous assurances by the Federal Government that there is enough fuel to last Nigerians through Christmas, there are fuel queues everywhere, evidence of fuel scarcity. Oil and Gas professional, Dolapo Oni explains why this is so. See below: So just in case you dont understand why we have fuel scarcity. Here's a quick thread... Read More

fuel scarcity, nigeria, nnpc, The Thread

December 6, 2017

The Late 5: Okorocha renames Ministry of Happiness, Makarfi’s request to Atiku and, other top stories

These are the top five stories that drove conversation today. The Chairman of the Caretaker Committee of the PDP, Ahmed Makarfi, has asked former vice president, Atiku Abubakar to help the party get back to Aso Rock in 2019. Meanwhile, the National Chairman of the APC, John Odigie-Oyegun has said Atiku’s exit from the party... Read More

Featured, The News Blog

atiku abubakar, fuel queues, Ibrahim Dankwambo, John Oyegun, Late 5, Moses Motoni, Nigerians Police, nnpc, Ogechi Ololo, president buhari, Rochas Okorocham, SARS, timi frank

December 6, 2017

FG mandates Kachikwu, Baru to clear fuel queues before next week

The Federal Government has directed the Minister of Petroleum Resources, Ibe Kachikwu and, the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru to clear fuel queues in Abuja and Lagos – by the weekend. The directive was issued on Wednesday at the Federal Executive Council meeting presided over by Vice-President Yemi... Read More

fec, fuel queues, Ibe Kachikwu, lai mohammed, Maikanti Baru, nnpc

December 4, 2017

The YNaija Cover this evening – the 4th of December

Follow the links to read the stories and analyses on YNaija: The Thread: “SARS is filled with cultists and armed robbers” | A police officer’s son reveals shady operations There’s no plan to increase fuel price – NNPC Atiku’s return will add value to our party – PDP

atiku abubakar, fuel queues, nnpc, PDP, SARS, YNaija Cover

December 4, 2017

The Late 5: Makarfi and his 2019 ambition, Police order on SARS’ re-organisation and, other stories

These are the top five stories that drove conversation today. The Chairman of the Caretaker Committee of the People’s Democratic Party (PDP), Ahmed Makarfi has hinted at his possible candidacy in the 2019 Presidential elections. A former governor of Enugu, Chimaroke Nnamani has been served a bench arrest warrant for failing to appear before the court. The... Read More

Featured, The News Blog

Ahmed Makarfi, Chimaroke Nnamani, Late 5, Nigerian News, nigerian police, nnpc, PDP, senator ayo arise

December 4, 2017

There’s no plan to increase fuel price – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said there is no plan to increase prices of petroleum products. NNPC General Manager, Group Public Affairs Division, Ndu Ughamadu said this in a statement on Monday. NNPC said the ex-depot petrol price and pump price will remain the same. It added that it has enough fuel in stock to... Read More

Fuel Price, increase, nnpc, plan

December 1, 2017

The Big 5: Saraki’s comment on Jonathan’s leadership, Amaechi talks about tricycles, motorcycles and, other stories

These are the top five stories you should be monitoring today. The Senate President, Bukola Saraki and the governor of Borno, Kashim Shettima have both said that former President Goodluck Jonathan does not possess leadership qualities, however, he has shown that he is not power hungry. Amidst threats of industrial action, NNPC has allayed the... Read More

Featured, The News Blog

big 5, Bukola Saraki, Libya slave trade, nnpc, president buhari, Rotimi Amaechi

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