Former president Olusegun Obasanjo has called for the reformation of the Nigerian National Petroleum Corporation, NNPC, instead of selling it off as is being proposed by the federal government.
The Nigerian National Petroleum Corporation, NNPC, its subsidiary, NNPC Retail, along with 22 major and independent petroleum products marketing firms owed the federal government at least N86.4 billion by July 21, 2016
The Nigerian government through the Petroleum Products Pricing Regulatory Agency, PPPRA, has said it will not accept the recommendation of the forum of former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, to raise the price of petrol from N145.
The Group managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikantu Baru has lamented the increasing incidences of pipeline vandalism in the country, saying that Nigeria lost N51.28 billion to this crime in 2015 alone.
The Akwa Ibom Police Command has attributed the explosion of the NNPC gas pipeline in Nsit-Ibom Local Government Area of the State to a technical fault, saying that claims by the Niger Delta Avengers militant group that it blew up the oil facility, was false.
The Niger Delta Avengers said it has blown up a gas pipeline belonging to the Nigerian National Petroleum Corporation, NNPC, located at Nsit-Ibom local government area of Akwa Ibom State.
