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Tag Archives: NNPC

Saraki: 50 million-litre daily fuel consumption, a fraud

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The President of the Senate, Bukola Saraki, has alleged a massive fraud in the nation’s oil sector under the President Muhammadu Buhari’s administration. He alleged that the Federal Government’s claims of paying subsidy on the 50 million litre of fuel being consumed by Nigerians daily were a big fraud. Saraki, …

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Atiku to Buhari: Blame yourself for anti-graft war failure

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The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, on Wednesday blamed  President Muhammadu Buhari for the perceived failure  of the anti-corruption  war in the country. Buhari had  blamed the inability of  his  government to effectively fight corruption on the Nigerian system. Atiku in a statement commended Buhari for …

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‘NNPC now pays N20/25 subsidy per litre’

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Under-recovery on petrol or the losses the Nigerian National Petroleum Corporation (NNPC) incurs to keep the pump price of petrol at N145 per litre, has dropped from about N80 per litre to between 20 and N25 per litre, the Group Managing Director of the corporation Dr. Maikanti Baru said yesterday. …

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N22tn debt: Buhari, APC have wrecked Nigeria – PDP

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The Peoples’ Democratic Party has alleged that President Muhammadu Buhari’s poor understanding of current global economic dynamics and humongous corruption in his Presidency have completely wrecked Nigeria. It said the limit of the economic knowledge of the President and the APC was also directly responsible for the accumulated N22tn national …

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Otedola bridge inferno: Senate demands probe, to meet FRSC, NNPC

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The Senate has called on the Nigeria Police and the Federal Road Safety Corps (FRSC) to investigate the circumstances surrounding the explosion of a tanker laden with premium motor spirit (petrol) in Lagos last Thursday. The Senate also plans to meet with the FRSC and the Nigerian National Petroleum Corporation …

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Bauchi rainstorm, market fire victims get N50 million donation from NNPC

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The Management of Nigerian National Petroleum Corporation (NNPC) has donated N50million to the victims of rainstorm and fire incidents which occured in Bauchi State recently. The Group Managing Director of the Corporation, Dr Maikanti Baru made the donation on Sunday when he led management of the Corporation on a sympathy …

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No commercial quantity crude oil discovered in Bida Basin yet — NNPC

NNPC

The Nigerian National Petroleum Corporation (NNPC) says exploration work in the Bida Basin has not reach the stage where availability of crude in commercial quantity could be ascertained. The Group Managing Director, NNPC, Dr. Maikanti Kacalla Baru who spoke against the backdrop of media reports suggesting the discovery of oil …

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Governors meet to discuss insecurity, minimum wage

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The Nigeria Governors’ Forum (NGF) yesterday night met in Abuja to discuss issues of minimum wage, insecurity and other matters of interests for the development of the country. While the Nigeria Labour Congress (NLC) is proposing a minimum wage of N65,000 for workers, the governors have been insisting on the …

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