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Tag Archives: NNPC

Alleged unrecovered TSA Funds: We have no hidden accounts- NNPC

The Management of the Nigerian National Petroleum Corporation, NNPC on Friday provided an informed perspective to the trending media report alleging that the Corporation colluded with some banks to prevent the remittance of $793.2m into the Treasury Single Account, (TSA), scheme as directed by the Federal Government. The NNPC in …

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NNPC/FIRST JV secures $700m for new oil fields

The Nigerian National Petroleum Corporation has announced that its plan to grow the country’s crude oil reserves to 40 billion barrels by the year 2020 received a boost with the execution of a tripartite agreement in Abuja on Thursday. According to the corporation, the agreement, which is between the NNPC/FIRST …

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Ifeanyi Ubah to face death penalty – DSS

The Department of State Services has accused businessman and Chief Executive Officer of Capital Oil and Gas Ltd, Ifeanyi Ubah, of diverting about 80 million litres of Premium Motor Spirit (commonly called petrol), kept in his custody by the Nigerian National Petroleum Corporation. The agency stated that Ubah shunned NNPC’s …

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NNPC to finalise oil-swap deal with 10 companies

Nigerian National Petroleum Corporation, NNPC is in the final stage to finalise oil-swap deal with 10 companies of signing $6 billion worth of deals to exchange more than 300,000 barrels per day, b/d of crude oil for imported petrol and diesel with 10 companies, sources with direct knowledge of the process …

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Nigeria earns $837m from gas exports from NNPC

Nigeria earned $837.74 million from the export of gas in 2016 boasting the economy, according to the Nigerian National Petroleum Corporation, NNPC. Report said in its latest monthly financial and operations report that the money came from exports of liquefied natural gas, LNG; liquefied petroleum gas, LPG; and raw natural gas. …

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