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Tag Archives: NNPC

NNPC unbundles into 7 units

President Muhammadu Buhari on Tuesday approved the immediate unbundling of the Nigerian National Petroleum Corporation, NNPC, into seven independent operational units. The Minister of State for Petroleum Resources, Ibe Kachikwu, who announced the unbundling of the national oil company in Abuja, said five of the seven operational units will be …

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Revenues from Nigeria oil sales decline sharpy says NNPC

Revenues from Nigeria’s oil sales declined by over two-thirds between September last year and July this year with “dire consequences” for Africa’s largest economy, the Nigerian National Petroleum Corporation has said. “The receipts witnessed a sharp decline of more than 67 percent from September 2014, when the receipt was at …

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Buhari names Self as Petroleum Minister

President Muhammadu Buhari on Tuesday named himself as Nigeria’s petroleum minister.   Buhari said he would personally head the Ministry of Petroleum Resources in the new cabinet,although there would be a Minister of State for Petroleum Buhari Addressing some select reporters in New York on Tuesday, after addressing a Global Leaders’ …

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