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Fuel price hike inevitable, says Kyari

Fuel price hike inevitable, says Kyari

… as subsidy hits N120bn monthly Landing cost now N234 per litre Nigerian National Petroleum Corporation (NNPC) has declared that it loses over N120 billion to fuel subsidy monthly, maintaining that an increase in pump…

Kyari: NNPC loses 200,000 barrels of crude oil daily

Kyari: NNPC loses 200,000 barrels of crude oil daily

CDS pledges oil, gas assets’ protection Nigeria is losing about 200,000 barrels of crude oil daily to theft and vandalism, the Nigerian National Petroleum Corporation (NNPC) has said. Using the $66.92 per barrel price of…

Buhari has never interfered in NNPC operations –Kyari

Buhari has never interfered in NNPC operations –Kyari

President Muhammadu Buhari remains the only president that has never interfered in the operations of the Nigerian National Petroleum Corporation (NNPC). Group Managing Director of NNPC, Malam Mele Kyari, who declared this in Sokoto while…

NNPC’ll focus on gas, condensate for revenue growth – Kyari

NNPC’ll focus on gas, condensate for revenue growth – Kyari

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said that the Corporation was focusing more on gas, condensate and other revenue streams to tackle the revenue challenge arising from the…

NNPC legally withdrew $21bn from NLNG – Kyari

NNPC legally withdrew $21bn from NLNG – Kyari

…says money belongs to FG, not states The withdrawal of over $21 billion from the Nigeria Liquefied Natural Gas (NLNG) dividends account by the Nigerian National Petroleum Corporation (NNPC) followed due process. Group Managing Director…

NNPC to IOCs: You can’t spend $30 to produce barrel of crude

NNPC to IOCs: You can’t spend $30 to produce barrel of crude

The Nigerian National Petroleum Corporation (NNPC) has told oil producers in the country that the era during which they are allowed to spend $30 to produce a barrel of crude oil no longer exists. NNPC…

Kyari recovered my millions, charged case to court –Contractor

Kyari recovered my millions, charged case to court –Contractor

…says DCP’s accuser, a fraudster A contractor, Eddy Obinna, has stoutly risen in defence of the Head of the Inspector-General of Police (IG) Intelligence Response Team (IRT), DCP Abba Kyari, over alleged extortion. A businessman,…

Businessman petitions panel, accuses DCP Kyari of N41m extortion

Businessman petitions panel, accuses DCP Kyari of N41m extortion

A businessman, Afeez Mojeed, has petitioned the Lagos State Judicial Panel of Inquiry on Police Brutality alleging that a Deputy Commissioner of Police (DCP), Abba Kyari, illegally extorted more than N41 million from him. In…

NNPC to disclose identities of oil blocks’ owners, contractors

NNPC to disclose identities of oil blocks’ owners, contractors

The Nigerian National Petroleum C o r p o r a t i o n (NNPC) has agreed to reveal the identities of real owners of oil blocks, Joint Ventures partnership and contracts in the…

Seven oil workers die as explosion rocks NNPC facility

Seven oil workers die as explosion rocks NNPC facility

Seven oil workers were killed in an explosion that rocked Gbetiokun, Oil Mining Lease (OML) 40, operated by the Nigerian Petroleum Development Company (NPDC) on behalf of the NPDC/ Elcrest Joint Venture. The Nigerian National…