PRESIDENCY Disowns Port-Harcourt Refinery concession

The reported concession of the Port Harcourt refinery is still shrouded in uncertainty and confusion as the Presidency on Monday denied knowledge of such a process.

former NNPC boss, Andrew Yakubu’s home in Kaduna was raided by EFCC and an allegeded $9.2m, £72,000 was recovered

Operatives of the Economic and Financial Crimes Commission, EFCC, raided the home of former Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu in Kaduna state on Wednesday and allegedly recovered $9.2 million in his safe.

Saraki queries Buhari's role as Min. of Petroleum as Dino Melaye accuses NNPC, NPDC of non-remittance of $400m

Dino Melaye earlier today made an allegation that the oil corporation and its subsidiary have not remitted some money into the government coffers in this administration. Senate President while responding to the allegations asked where Minister of Petroleum Resources aka President Buhari, CBN governor and the Group MD of NNPC, were when these acts were carried out. More tweets after the cut...

We no plans to increase pump price to N150- NNPC

The Nigerian National Petroleum Corporation  (NNPC )last week adjusted the pump price of petrol at its mega stations nationwide from N141 to N145. In a statement released by the groups General Manager for Public Affairs, Garba Deen Muhammed, the corporation reacted to the increase and also denied claims of planning to increase pump price to N150 per liter. Read the statement below...

NNPC receives seven cargoes of Petrol to ease fuel scarcity

As part of efforts to ease off the lingering fuel scarcity being experienced nationwide, NNPC on Thursday said it has taken delivery of 7 cargo ships with fuel. The Executive Director, Supply and Distribution, Pipeline Products and Marketing Company, Justin Ezeala, made this known to newsmen in Lagos.

“I am happy to announce that we have received seven cargoes of PMS. We are apparently ahead of schedule in terms of our importation and what we do is that as these cargoes come in we send to Port Harcourt, Warri, Calabar. Of course most of it is kept in Lagos to distribute to major cities”he said