Nigerian National Petroleum Corporation

₦6trn Subsidy Claim A Fraud, Customs Lambasts NNPC

September 2, 2022 7:02 am

Comptroller-general of Nigerian Customs Service (NCS), Hameed Alli has faulted the claim that at least ₦6 trillion will be paid out as fuel subsidy on Premium Motor Spirit (PMS) in the 2022 fiscal year by Nigerian National Petroleum Corporation (NNPC) Limited.

While defending the NCS presentation on the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Policy Paper (FSP) yesterday, Alli alleged that the 98 million litres of PMS daily consumption rate allegedly being mentioned could not be substantiated scientifically, adding that over 38 million litres of PMS released daily in excess of actual consumption into the Nigerian market finds …

Nigeria loses ₦1,085 trillion daily to fuel smuggling

NPDC Mulls Nationwide Crash Of Cooking Gas Price

August 22, 2020 1:23 pm

The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), has mulled 600 million standard cubic feet (mmscf) of daily gas supply for domestic market, a move that would further dip the prices of cooking gas nationwide.

The company, which said it was looking at boosting its gas supply to the domestic market by the volume (600mmscf/d) in the next three to five years, also noted that it had revved up production in Oil Mining Lease (OML) 111 by 2,100barrels per day (bpd) of crude oil and 27mmscfd of gas, thereby increasing …

NNPC: Numbers Of Staff, Offices, Other Details Revealed

May 26, 2020 5:05 am

The Nigerian National Petroleum Corporation (NNPC) currently has 6,621 staff.

This includes those at the headquarters, all subsidiaries, divisions and offices nationwide.

NNPC made the disclosure in its report of compliance with the Extractive Industries Transparency Initiative (EITI) Open Data requirements.

Read Also: NNPC Reacts To Tanker Fire In Central Lagos

The staff strength also includes 1,050 fresh graduates recruited in February.

In the report released on Monday and published by NAN, NNPC has 13 Divisions/Strategic Business Units.

While 5,410 of the workforce, representing 81.7 percent are male, 211 are women, representing 18.3 per cent.

The three refineries – Kaduna,

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Salihu Ex-NNPC Depot Staff Fined ₦1m For ₦6Bn Theft

March 26, 2020 6:47 am

Abdulkadir Mohammed Salihu, a former sales assistant of the Nigerian National Petroleum Corporation, NNPC, Kaduna Depot on Wednesday got a kid-glove treatment from a Nigerian court.

Justice Z. B Abubakar of the Federal High Court, Kaduna gave Salihu a N1 million fine or a three-year jail term after a proven theft of over N6billion from the NNPC.

After the assets seized from him were added, it did not appear Salihu got a full measure of retribution for his offence.

The EFCC arrested Salihu on 29 October last year. Before his arrest, he was in charge of loading manifest at …

Coronavirus: 50 Oil Cargoes Stranded Off Nigeria

March 12, 2020 1:34 pm

The Nigerian National Petroleum Corporation (NNPC) yesterday raised the alarm about the looming crisis as a result of low oil prices and asked Nigerians to brace up for tougher times ahead.

The warning came as the coronavirus scourge continues to wreak serious havoc in the global economic landscape, especially by creating fiscal and planning distortions in crude oil and gas-exporting economies. The Group Managing Director of the state-owned oil corporation, Mallam Mele Kyari, who gave this hint yesterday at the Roundtable Parley with the CBN Governor, Mr. Godwin Emefiele with the theme “Going for Growth 2.0” in Abuja, specifically advised …