NNPC seals $875.75m financing deal with CPDC over OML 65

The Nigerian National Petroleum Corporation (NNPC) says it has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company(NPDC) operated Oil Mining Lease (OML) 65. The Corporation in a statement by its spokesman Mr Ndu Ughamadu in Abuja said it signed the deal with CMES-OMS […]


Buhari Appoints Kyari as NNPC GMD

President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). The corporation disclosed this in a statement released by the  NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu,in Abuja, on Thursday. He said that the appointment will take effect from July […]


Baru challenges NNPC staff on sports

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has charged staff of the corporation to get involved in sporting activities towards improving their productivity and service delivery.  Baru made the call in a statement signed by Mr Ndu Ughamadu, NNPC  Group General Manager, Group Public Affairs Division, on Sunday in […]


254 firms bid to buy Nigerian crude

254 indigenous and foreign owned entities submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil term contracts. The opening of the bids was beamed live on a national television network. It was also witnessed by officials of the Department of Petroleum Resources (DPR), Nigeria Extractive Industries […]