December 16, 2017

Middlemen Feeding Fat on Petroleum Subsidy

Dr. (Mrs) Diezani Alison-Madueke

Daily Independent Minister of Petroleum Resources, Dr. (Mrs) Diezani Alison-Madueke, last week, had an interview session with journalists in Abuja, during which she provided answers to some nagging issues affecting her personality, Nigeria and the oil industry in general. Senior Reporter, OBAS ESIEDESA, who was there, provides the excerpts: What is the position of government on kerosene subsidy? There was a Presidential directive to withdraw subsidy on kerosene. It is possible that the Minister of Petroleum at that time must have gone to discuss it with the President and might have been able to convince him the on the need…

Forensic Audit Report: We Were Not Indicted – NNPC

NNPC BUILDING

…As Petroleum Minister Directs NNPC to Defray Outstanding $1.48bn NPDC Signature Bonus, Taxes The forensic audit report on the alleged missing $20bn unremitted oil revenue carried out by the reputable international firm, PriceWaterhouseCoopers has absolved the Nigerian National Petroleum Corporation (NNPC) of culpability over the allegation of non- remittance of $20bn, saying that what is due for remittance to the Federation Account is $1.48bn Nigerian Petroleum Development Company (NPDC) being signature bonus, taxes and royalties on the assets transferred to the Corporation’s upstream subsidiary, the Nigerian Petroleum Development Company. In a statement made available to journalists, the Corporation noted that…

NNPC, Nigerian Air Force Partner to Enhance Chad Basin Exploratory Activities

At a courtesy call on the Chief of the Air Staff, Air Marshal Adesola Amosu, the Group Managing Director of the NNPC, Dr. Joseph T. Dawha said the visit was to foster closer cooperation and collaboration between NNPC and NAF for the socio-economic growth, peace, security and stability of the country.

The Nigerian National Petroleum Corporation, NNPC, and the Nigerian Air Force (NAF) have pledged to work hand-in-hand to promote the ongoing acquisition of seismic data in the Chad Basin and to curb crude oil theft in the creeks of the Niger Delta. At a courtesy call on the Chief of the Air Staff, Air Marshal Adesola Amosu, the Group Managing Director of the NNPC, Dr. Joseph T. Dawha said the visit was to foster closer cooperation and collaboration between NNPC and NAF for the socio-economic growth, peace, security and stability of the country. Dr. Dawha noted that the Nigerian Air…

NNPC, Navy Strengthen Ties to Curb Crude Oil Theft

Onward Together: The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Joseph Thlama Dawha exchanging pleasantries with the Chief of Naval Staff, Vice Admiral Usman Jibrin at the Navy Headquarters, Abuja

Onward Together: The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Joseph Thlama Dawha exchanging pleasantries with the Chief of Naval Staff, Vice Admiral Usman Jibrin at the Navy Headquarters, Abuja NNPC As part of efforts to wipe out illegal oil bunkering, the Nigerian National Petroleum Corporation, NNPC and the Nigerian Navy have pledged to work together to curtail the incessant crude oil theft and other associated vices in the Nigerian water ways in order to increase revenue flow into the economy. Speaking during a courtesy call on the Chief of Naval Staff in Abuja, the Group Managing…