Search Result for: pib
Petroleum Industry Act: NNPC to be incorporated as private company under the Company Allied Matters Act (CAMA) in six months — Kyari
…All the liabilities and assets of the NNPC will be transferred to the new company. Some toxic assets may be excluded...
30 days after its passage, Pres. Buhari initials the Petroleum Industry Bill, scoring another first
A month after the National Assembly passed the Petroleum Industry Bill (PIB) 2021 and sent a clean copy to the Executive,...
Changes in NNPC management: Senior staff elevated to top executive positions
…”redesignates Chief Operating Officer positions in the corporation as Group Executive Directors (GEDs) in line with the rules of Company and Allied...
Water projects: FG says it’s no more father Christmas to states
The Federal Government says it will cease being a father Christmas by just executing water projects and handing them over to...
Petroleum Industry Bill: We can’t guarantee peace in Niger Delta if host communities fail to get 10 per cent, says nonagenarian Clark
“We want immediate reversal of the recently passed PIB ready for harmonization by the two chambers of the National Assembly …it...
Shell exit from Nigeria: NNPC to unveil a Comprehensive Divestment Policy (CDP) to guide divestment process
As Shell Petroleum Development Company (SPDC) and other oil majors begin divestment of their investments in Nigeria following a growing appetite...
Nigeria loses N53.26bn to gas flaring by oil companies between Jan. and Feb. 2021, says NNPC
By the gas flaring or wastage,Nigeria lost about N53.26 billion. In February, the oil companies wasted 17.53 billion scf of gas...
How NNPC, under Kyari, outmaneuvered low prices during pandemic without cutting jobs
The Nigerian National Petroleum Corporation (NNPC) has transformed under a leader determined to reduce costs without cutting jobs – instead including...
Igboho’s house bloody midnight raid: Southern governors demand security agencies’ notification ahead of arrests in states
“The Forum also re-emphasized the need for State Police; the governors re-affirmed their commitment to the unity of Nigeria on the...
It’s inescapable for Nigeria to borrow for infrastructure development- Senate President
The Senate President, Dr Ahmad Lawan, says the only option left for the Nigerian government to fund infrastructure is borrowing, describing the...
Nigeria, 10 others make the list of countries with the largest oil reserves in 2021
Dating back to the mid-1950s, oil has been considered the most important energy source globally. Without oil, modern society would not...
With trillions of naira down the drain on fuel subsidy, which way to go for Nigeria: Deregulation or regulation?
Stella Igwe-Adesoga Determined to push through subsidy removal for Premium Motor Spirit (PMS) popularly known as petrol, the Federal Government...
Deregulation: Oil marketers will be free to import petroleum products and sell
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says under full deregulation of the downstream sector...
NNPC enjoys autonomy under President Buhari, says GMD Kyari
“He remains the only president that has never interfered in the operations of the corporation. That is very unprecedented, and it...
Nigeria: From Petrol to Auto-Gas By Reuben Abati
The Nigerian government deregulated the downstream petroleum sector with effect from March 19, 2020. The key argument was that the fuel...
We are committed to reducing oil production cost to $10 per barrel – NNPC
For the umpteenth time, the Nigerian National Petroleum Corporation (NNPC) has restated its commitment to paring down the unit cost...
