Senate probes NNPC’s $3.5bn Subsidy Recovery Fund
The Senate, on Tuesday, resolved to set up an ad-hoc committee to investigate $3.5 billion Subsidy Recovery Fund, allegedly created ...
Tag: nnpc
FAAC suspends meetings indefinitely over under-remittance by NNPC
The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa, on Thursday said the Federation Accounts Allocation Committee (FAAC) has agreed ...
FAAC: FG, states again fail to share May revenue over discrepancies in NNPC revenue remittances
The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as Federal and state governments rejected the ...
NNPC: We already agreed with governors to make monthly remittance of N112bn to FAAC
The Nigerian National Petroleum Corporation (NNPC) has justified its June remittance of N147 billion to the Federation Accounts and Allocation ...
FAAC meeting ends in deadlock over NNPC’s alleged revenue remittance discrepancies
The monthly Federation Account Allocation Committee (FAAC) meeting ended in a deadlock on Wednesday in Abuja. The FAAC monthly meeting, ...
Senate to investigate NNPC, IOCs’ boycott of Nigeria pipe manufacturer
The Senate Committee on Local Content says the Red Chanber will investigate the non patronage of a multi-million dollar internationally ...
Reps begin probe of $22bn NNPC’s Brass Liquefied Natural Gas project
The House of Representatives, on Thursday, resolved to set up an ad-hoc committee to investigate the expenditure and implementation of ...
NNPC’s N800bn fuel subsidy outrageous, say governors
The Chairman of Governors’ Forum, Governor Abdulazeez Yari of Zamfara State, says the National Economic Council (NEC) will soon take ...
Revenue under-payment: NEC endorses refund of N526bn, $21bn by NNPC, Customs, FIRS, NPA, DPR
The National Economic Council (NEC) has confirmed that N526 billion and $21 billion was under-paid to the federation account by ...
NNPC revenue discrepancies: FAAC meeting fails to hold again
The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday in Abuja, was postponed due to revenue discrepancies. ...
160 firms bid for NNPC valuation, land acquisition services contract
The Nigerian National Petroleum Corporation (NNPC) says about 160 firms of professional Estate Surveyors and Valuers have submitted bids to ...
NNPC signs $2.8bn contracts for 614km gas pipeline project
The Nigeria National Petroleum Corporation (NNPC) has signed contracts for engineering, procurement, construction, commissioning and financing for 614km Ajaokuta-Kaduna-Kano (AKK) ...
FAAC: States abort meeting over N37.76bn shortage in NNPC’s revenue as Adeosun calls emergency meeting with NNPC GMD
The monthly Federal Account Allocation Committee (FAAC) meeting, which began on Tuesday was inconclusive due to discrepancies of about N37.76 ...
Ex-CBN dep gov to FG: Scrap NNPC now
Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has called for the scrapping of the ...
Supervisor, cashiers arrested as suspected armed robbers snatch N16m from NNPC Mega Station officials in Kano
Some suspected armed robbers on Monday in Kano, attacked officials of the Nigerian National Petroleum Corporation (NNPC) Mega Filling Station ...
Ministry seals three dispensing pumps at NNPC Mega filling station for shortchanging customers
The Weights and Measures Department, Federal Ministry of Industry, Trade and Investment has sealed three dispensing pumps at the NNPC ...
NNPC: Refineries not performing optimally
The Nigerian National Petroleum Corporation (NNPC) on Thursday admitted that the nation’s refineries in Warri, Kaduna and Port Harcourt are ...
Revealed: NNPC, AGIP operate secret N34bn Security Account
The Senate on Tuesday mandated its Committee on Public Accounts to investigate the rationale behind a security account allegedly operated ...
Governors meet Buhari, accuse NNPC of short-changing Nigerians
The Nigeria Governors’ Forum (NGC) on Thursday accused the Nigerian National Petroleum Corporation (NNPC) of short-changing the country in revenue ...
Senate to NNPC: End petrol scarcity queues in seven days
The Senate on Thursday urged the Nigerian National Petroleum Corporation (NNPC) to, within seven days, end lingering scarcity of petrol ...
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