Tag archive for ‘NNPC’
By Bar and Bench On Friday, June 23rd, 2017
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NNPC completes refund of N450 billion to Nigerian govt, states, LGs – Adeosun

The Nigeria National Petroleum Corporation, NNPC, has completed the refund of N450 billion to the federation account, to be shared among the federal, states and local governments. The Permanent Secretary, Ministry More...

By Bar and Bench On Saturday, May 27th, 2017
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Under-dispensing: DPR wields big stick, seals NNPC filling station, 11 others in Kogi

The Department of Petroleum Resources (DPR) in Kogi State on Friday sealed 12 filling stations for under-dispensing fuel to unsuspecting members of the public in the state capital, Lokoja. The NNPC filling station More...

By Bar and Bench On Thursday, May 18th, 2017
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Alleged Chevron $5bn Fraud: Senate summons CBN, FIRS, NNPC to testify

The Senate has summoned officials of the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (IFRS), National Petroleum Investment Management Services (NAPIMS) and the Nigerian National Petroleum Corporation More...

By Bar and Bench On Tuesday, May 16th, 2017
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NNPC to resume oil exploration in Lake Chad Basin

NNPC The Nigerian National Petroleum Corporation (NNPC) has concluded arrangement to resume oil exploration in the Lake Chad Basin of Borno State. The Group Managing Director, Dr. Maikanti Baru, said on Monday that More...

By Bar and Bench On Tuesday, April 4th, 2017
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$100m Bank Guarantee: After 13 years, NNPC gets reprieve from UK S’Court

By a unanimous verdict, the Supreme Court of the United Kingdom, on Tuesday granted the Nigerian National Petroleum Corporation (NNPC) a  reprieve over a $100 million bank guarantee in a case involving the Corporation More...

By Bar and Bench On Monday, April 3rd, 2017
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NNPC: Nigeria drops to seventh highest gas flaring country

The Nigerian National Petroleum Corporation (NNPC) on Sunday disclosed that Nigeria has in the last 10 years dropped from being the second highest gas flaring nation in the world to the seventh position, According More...

By Bar and Bench On Saturday, March 18th, 2017
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NNPC probes N11bn missing petrol from marketers’ depots

NNPC The Nigerian National Petroleum Corporation (NNPC) on Friday vowed to fully recover over 130 million litres of Premium Motor Spirit, popularly known as petrol, missing in the facilities of two indigenous downstream More...

By Bar and Bench On Tuesday, February 28th, 2017
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Senate to probe NNPC over N5.1trn unremitted subsidy payment

The Senate may have given its nod to probe the Nigeria National Petroleum Corporation, (NNPC), over the N5.1 trillion it collected on subsidy between 2006 and 2015. This is because the senate president, Dr Bukola More...

By Bar and Bench On Friday, January 13th, 2017
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NNPC proposes increase in oil royalty, scrapping of Investment Tax Credit in PSC 

NNPC The Nigerian National Petroleum Corporation (NNPC), on Thursday proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize More...

By Bar and Bench On Monday, January 9th, 2017
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EFCC grills five ex-NNPC bosses over $153m transfer

Economic and Financial Crimes Commission (EFCC) detectives have questioned two former Group Managing Directors (GMDs) and three former Executive Directors (EDs) of the Nigerian National Petroleum Corporation (NNPC) More...