Tag: NNPC

NNPC crashes diesel price nationwide by 42%
Energy

NNPC crashes diesel price nationwide by 42%

The price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation (NNPC). It would be recalled that in the first quarter 2017, retail prices of AGO, […]

34 firms bid for NNPC digitization project
Big Business

34 firms bid for NNPC digitization project

The Nigerian National Petroleum Corporation (NNPC) said it received no fewer than 34 bids submitted by different companies for the digitization of legacy documents in the corporate headquarters.   The bid opening exercise was conducted in the full glare of representatives of the bidding companies and Civil Society Organizations (CSOs) at […]

Nigeria rounds off USD6 billion oil swap deal
Energy

Nigeria rounds off USD6 billion oil swap deal

The Nigerian National Petroleum Corporation, NNPC has is said to be in the final stage of signing an oil swap deal worth USD6 billion in exchange more than 300,000 barrels per day (bpd). The swap will be for petroleum products such as imported gasoline and diesel, sources with direct knowledge […]

NAPIMS denies mismanaging USD11 million
Policy

NAPIMS denies mismanaging USD11 million

In response to allegations that it spent USD9 million on staff transfer and another USD2 million to vehicles maintenance, the National Petroleum Investment and Management Services, NAPIMS has denied such allegations. NAPIMS in a statement issued through the NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu said the […]