The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country in order to avoid a dislocation in the supply and distribution chain of petroleum products across the country. The …
Read More »
The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The NNPC, in a release by …
Read More »
ANDREW Yakubu, a former Group Managing Director (GMD) of the National Petroleum Corporation (NNPC) on Wednesday told a Federal High Court that $9.7 million and £74, 000 found in his house in Kaduna were gifts he received from friends during occasions such as birthdays and thanksgiving services and others. Accorditing …
Read More »
The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve …
Read More »
The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration. Mr. Adokiye Tombomieye, the Group …
Read More »
Oil prices extended gains on Thursday, with WTI crude near $40.1 a barrel and Brent crude near $42.4 a barrel as investors try to shrug off coronavirus concerns. Better-than-expected manufacturing PMI figures for both China and the US released on Wednesday, hopes for a new coronavirus vaccine and the biggest …
Read More »
The construction of the Ajaokuta Kaduna Kano (AKK) gas pipeline project is set for inauguration on Tuesday by the federal government to boost domestic utilisation of gas in the country. The project, expected to be completed within a 24-month timeline, is a section of the Trans-Nigeria Gas Pipeline (TNGP) with …
Read More »
The Commerce Africa African Reneissance