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Festive Period: NNPC assures of adequate fuel supply

Ahead of festive period, the Nigerian National Petroleum Corporation, NNPC, has assured Nigerians of adequate fuel supply. Maikanti Baru, the group managing director, NNPC, said Nigerians have nothing to worry about in terms of fuel supply and distribution going into the festivity.

Senate vows to probe diversion of N378bn NLNG fund

Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the claims made before the Ahmed Lawan Adhoc Committee by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), on how and why the corporation was diverting the dividend from the Nigerian Liquified Natural Gas (NLNG) to defray the cost of under-recovery in the importation of fuel.

Police gives update on assassination attempt on Dep. Senate President

The Nigeria police on Thursday said they recovered $470.5m belonging to the Nigerian National Petroleum Corporation’s Brass Liquefied Natural Gas hidden in some commercial banks in violation of the directives of the Federal Government on Treasury Single Account.

NNPC, China sign agreement on oilfield services and development

Ugo Amadi, Business Editor

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC) towards developing Nigeria’s oilfield services as well as boosting research and development in the oil and gas industry.

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