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Saturday, June 6, 2020

Oil & Gas

COVID-19: NNPC unveils contact tracing App

  In a strategic move to curb the spread of COVID-19 pandemic in its organization and government offices, the Nigeria National Petroleum Corporation (NNPC) says it has developed a novel contact-tracing software application deployable across the country. The App can also...

For the first time in three months, Brent oil rises to $40

    For the first time since March, oil price rose on Wednesday with Brent going up at $40 just as optimism mounted that major producers will extend production cuts and recovery from the coronavirus pandemic will spur fuel demand.   Brent crude...

FG set to auction 57 oil fields in June

     As indicated few months ago, the Federal Department of Petroleum Resources (DPR), has announced that  57 oil fields will be auctioned in June under the Marginal Fields bid round. To this end, po­tential participants in the exer­cise are to submit...

Sexual promiscuity and rape: Exxon Mobil engineer bags 15 years in jail

  For his unrestrained sexual promiscuity and raping his tenant’s teenage girl, an EX- Exxon Mobil engineer, James Onuoha, is to spend 15 years  behind bars.     Justice Adedayo Akintoye of an Igbosere High Court in Lagos lsland sentenced him without an option of...

FG reduces petrol pump price to N121.50

  The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 per litre for Premium Motor Spirit, also known as petrol. “Please recall the recently approved pricing regime which became effective March 19, 2020, and the...

Four years after, Pres. Buhari reconstitutes NNPC six-member board

    The Nigerian National Petroleum Corporation (NNPC) has got a new board following the expiration of the tenure of board members appointed in 2016 by President Muhammadu Buhari. The President announced the reconstituted board of the corporation in a statement by...

Revealed: Ex-NNPC GMD, Baru, died of COVID-19

  The late Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru, may have died of COVID-19, Persecondnews has learnt.   The 60-year-old immediate past GMD, who reportedly died on Friday night during a ``brief and undisclosed illness’’,...

Alleged Marginalization: 21 Southerners Hold Top Management Positions As COOs, MDs, GMs, Others In NNPC 

  Says top management appointments based on merit   Contrary to allegations of lopsidedness in management appointments at the Nigerian National Petroleum Corporation (NNPC), the corporation has reacted, saying it was guided by professional competence, principle of transparency and accountability in the...

CBN, NNPC to foot over N1bn cost of feeding, accommodation of evacuees – Minister

    Nigerian National Petroleum Corporation (NNPC) and Central Bank of Nigeria (CBN), have both agreed to fund, as part of their Corporate Social Responsibility (CSR), the cost of quarantine accommodation and feeding for Nigerians returning to the country from abroad. The...

COVID-19: FCT Minister lauds NNPC-led oil and gas industry coalition’s initiatives

  Donates land for state-of-the-art health facility   Commends NNPC GMD   Impressed with the Nigerian National Petroleum Corporation (NNPC)-led support for the nation’s COVID-19 fight, the Minister of Federal Capital Territory Administration (FCT), Mallam Muhammad Musa Bello, has offered land to NNPC and...
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Nigerian Government is committed to combating violence against women, girls – Agba

  Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, says that the Nigerian government is committed...
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NNPC alerts of contaminated diesel in circulation

    The Nigerian National Petroleum Corporation (NNPC) has alerted the public of contaminated diesel that is harmful to machines and environment being sold across the country. It...

COVID-19 : Organized Private Sector lauds CBN’s intervention in manufacturing and agribusiness sectors 

    The Central Bank of Nigeria's planned disbursement of N93.2 billion out of N1 trillion intervention fund for manufacturing and agribusiness sectors has received stakeholders' commendation.   The...

Subsidy removal: Petrol marketers now to fix pump price 

      In line with the new pricing regime for petrol, marketers are now free to fix the price of the commodity, the Petroleum Products Pricing Regulatory Agency...

Senate President Lawan leads Senate delegation on solidarity visit to Kalu

          Senate President Lawan leads Senate delegation on solidarity visit to Kalu after his release from Kuje Correctional Facility on Thursday