Oil Producing States Deserve More Than 3 Percent Allocation -IPMAN Chair

Posted by - July 2, 2021

Mr Joseph Obele, Chairman, Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed his dissatisfaction over the three percent oil derivation take approved by the senate for oil producing communities. Obele, in a statement made available to newsmen on Thursday in Port Harcourt, said that the long-awaited Petroleum Industry Bill

NNPC, Shell Donate 10 Solar Power Water Projects To Communities In Borno

Posted by - June 30, 2021

Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCO) have donated 10 solar-powered boreholes and 16 VIP latrines to some communities in seven LGAs in Borno State.https://scudnewsng.com Speaking at the formal handover ceremony of the projects in Maiduguri on Wednesday, Borno Deputy Governor, Alhaji Umar Kadafur, lauded NNPC/ SNEPCO for the

GMD NNPC To Brief Senate On Thursday On PIB

Posted by - June 30, 2021

Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021.https://scudnewsng.com President of the Senate, Ahmad Lawan, disclosed this at Wednesday’s plenary. Lawan said the briefing was to educate senators on the technicalities and financial implications of

NNPC/Chevron Partners With IRDC To Electrify Ondo Riverine Communities

Posted by - June 25, 2021

 In a bid to electrify some riverine communities in Ondo State, oil giants, NNPC and Chevron in partnership with Ilaje Rural Development Committee (IRDC) have inaugurated a solar power electricity. Reports indicated that the communities are Awoye and Odofado in Ilaje Local Government Area (LGA) of the state. Reports said that the “Solar Power Mini

We’ve Refunded $300M NNPC Deposit – Polaris Bank

Posted by - June 24, 2021

Managing Director of Polaris Bank, Mr Innocent Ike, has said that the bank has refunded the $300 million lodged with the bank by the Nigerian National Petroleum Corporation (NNPC) in 2012.https://scudnewsng.com Ike said this while appearing before the House of Representaives ad hoc committee on assessment and status of all recovered loots from 2002-2020. He said

Nigeria Spends N150B Monthly On Fuel Subsidy, Says Kyari, NNPC Boss

Posted by - June 23, 2021

Group Managing Director (GMD) of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says Nigeria spends between N140 and N150 billion monthly to subsidize the cost of fuel.https://scudnewsng.com He made the disclosure in Abuja at a stakeholders parley to work out synergy to tackle incidents of smuggling of petroleum products but criminals. Commenting on the