Browsing Tag
NNPC
9 posts
Seven Apprehended and 285 Pipeline Segments Seized in Adamawa
Police in Adamawa State have detained seven suspects and confiscated 285 stolen NNPC pipeline segments following a targeted intelligence-led operation.
ADC Demands Accountability from Tinubu Administration Regarding N17.5 Trillion NNPC Expenditure
The African Democratic Congress is pressing President Tinubu and the NNPC to provide a public explanation for N17.5 trillion in reported energy security expenditures, citing concerns over transparency and the potential political nature of pipeline surveillance contracts.
ECOWAS Formalizes Deal for Nigeria-Morocco Gas Pipeline
ECOWAS member states have signed a vital intergovernmental agreement to begin the execution phase of the 6,900-kilometre Nigeria-Morocco gas pipeline project.
ADC Demands Accountability for NNPC’s N7.13 Trillion Energy Security Spending
The African Democratic Congress has demanded a full audit and explanation from the NNPC regarding its N7.13 trillion expenditure on energy security, questioning the lack of transparency and potential political influence.
Former NAPIMS Head Dismisses Claims of N210 Trillion Missing from NNPC
Bala Wunti, former head of NAPIMS, testified before the Senate that the rumored disappearance of N210 trillion from NNPC accounts is due to a misinterpretation of standard financial accounting practices.
Senate Committee and NNPC Officials Refute Claims of ₦210 Trillion Missing from Financial Records
Bala Wunti and Senator Ibrahim Dankwambo have publicly stated that there is no proof of ₦210 trillion missing from NNPC accounts, attributing the confusion to a misinterpretation of financial data.
Senate Demands Transparency from NNPC Auditors Regarding ₦210tn Discrepancy
The Senate Public Accounts Committee has ordered NNPC Ltd.’s external auditors to justify ₦210 trillion in unexplained financial entries within one week, dismissing claims of client confidentiality.
Nigeria Approves $11.50 Tax Break for Shell to Advance $20 Billion Bonga Deepwater Project
Nigeria has approved an $11.50 per barrel tax credit for Shell to restart the long-delayed Bonga Southwest Aparo oil project, aiming to attract $20 billion in foreign investment.
NNPC Reports 12.8 Percent Revenue Decline for May 2026 Amid Production Gains
The NNPC reported a revenue decline to N4.335 trillion in May despite an increase in crude oil and natural gas production levels.