Tag: Garba Deen Muhammad

Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans

Abibat Babalola

The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in two weeks’5 time, the Executive Director, Dangote Group, Devakumar Edwin, has revealed. Although the Nigerian National Petroleum Company Limited trades crude oil on behalf of Nigeria, Edwin in an interview with S&P Global Commodity Insights on Monday, said the NNPCL had committed its crude to other entities. The Dangote refinery boss did not disclose the other entities receiving the oil company’s crude but NNPC disclosed last month it had entered into a $3bn crude…

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N20bn Payment to Ghost Consultants’ Allegation Rocks NNPC

Efe Wellington

. We Welcome House of Representatives Investigation, NNPC says in Statement to Platforms Africa   The Nigerian National Petroleum Company Limited (NNPC) has said that it was aware of the planned probe by the Parliament of allegation it paid N20 billion dollars payment to ghost consultants. The NNPC Ltd, which said this in a statement to Platforms Africa, maintained that it “received with great relief, the resolution of the House of Representatives to investigate allegation of the payment of a huge sum of twenty billion naira to so-called “ghost consultants.”…

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NNPCL Appoints Jean-Marc Cordier Head of Its Oil Trading Arm

ADEOLA YUSUF

All you may need to know about the French/Swiss national   A former Vice President of the Abu Dhabi National Oil Company (ADNOC) has joined the services of the Nigerian National Petroleum Company (NNPC) Limited as Head of its oil trading arm, NNPC Trading Ltd. Chief Corporate Communications Officer NNPC Limited, Garba Deen Muhammad, in a statement made available to SlyeNews cordier’s appointment is in furtherance of the ongoing repositioning drive in the company towards improved growth, better performance, and service delivery. READ ALSO: ‘He’s A Racist,’ Nigeria Revokes Seplat…

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EXCLUSIVE: Yes, Off-Spec Petrol In Circulation, Marketers Open Up

ADEOLA YUSUF

The oil marketers have exclusively confirmed to Platforms Africa that unspecified volume of off-spec Premium Motor Spirit (PMS) also known as petrol was imported into Nigeria. National Operations Controller of Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, who disclosed this in an exclusive interview with Platforms Africa, maintained that this off-spec product is being mopped-up and this effort has caused dislocation in the supply chain. Platforms Africa, known for its leadership in breaking news and investigative journalism, broke the news of fuel queues on Sunday, over 24 hours before…

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BREAKING: Do not Panic, No fuel crisis, NNPC tells Nigerians

ADEOLA YUSUF

The Nigerian National Petroleum Company Limited (NNPC) has told Nigerians not to panic, assuring them that it has sufficient PMS stock to meet their needs. Platforms reports that the oil giant said this in a three-paragraph statement issued by its spokesman, Garba Deen Muhammad, charging Nigerians not to engage in panic buying of petrol; and to ignore all rumours that may suggest otherwise. Here, below, is the statement; PRESS RELEASE PLEASE DO NOT PANIC The NNPC Ltd. wishes to assure the public that the Company has sufficient PMS stock to…

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How NNPC Downed Expenditure by N299.44bn, Recorded ₦142bn Trading Surplus

Aliyu Aliyu

The Nigerian National Petroleum Company (NNPC) Limited has given details of how it recorded a huge leap in trading surplus of ₦141.96billion in June 2021 compared to a deficit of ₦37.46Billion in May 2021. Platforms Africa reports that this is contained in the June 2021 figures of the NNPC Monthly Financial and Operations Report (MFOR). A trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue for the period under review. In June 2021, NNPC Group operating revenue as compared to May 2021, decreased…

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BREAKING: NNPC Mulls Roads Rehabilitation With Tax Credit

ADEOLA YUSUF

Kyari Engages PTD, NARTO, FIRS, Others on scheme, assures Nigerians of fuel crisis-free Festive period, beyond   The Nigerian National Petroleum Corporation (NNPC) has declared intervention in critical road rehabilitation through the Federal Government Tax Credit Scheme. Platforms Africa reports that Group Managing Director of the Corporation, Mallam Mele Kolo Kyari, declared this during an engagement with critical stakeholders in Abuja, Nigeria’s administrative capital. Established under FG’s Executive Order 7 of 2019, the Road Trust Fund Policy/Tax Credit Scheme gives private sector operators an opportunity to fund critical infrastructure with…

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BREAKING: 7 Senior Mgt. Staff Affected as Shakeup rocks NNPC + FULL LIST

ADEOLA YUSUF

Engr. Yusuf Usman, formerly Chief Operating Officer, Gas & Power, disengaged, Garba Deen Muhammad takes over from Dr. Kennie Obateru   In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff to fill key vacant positions. Platforms Africa reports that this was contained in a statement released by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru on Monday. Mr. Billy Okoye has been…

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