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NNPC Ltd Denies Allegations of Economic Sabotage

By The Insight Team August 7, 2024 684

mostbet mostbet az mostbet mostbet az mostbet mostbet az mostbet By Emmanuel Kwada The Nigerian National Petroleum Company (NNPC) Limited has denied allegations of economic sabotage, stating that it has not breached any laws guiding its dealings with partners. Group Chief Executive Officer, Mr. Mele Kyari, made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Continue Reading

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Top 5 (Mis)information on Petroleum Industry Act

By The Insight Team August 22, 2021 754

1. NNPC is being privatized No, NNPC is not privatized. NNPC is only becoming a limited liability company subject to CAMA, to be named NNPC Ltd (C will also now mean Company, not corporation). The share is still 100% government-owned. A major difference is, before PIA, NNPC had its own law: NNPC Act 1977, which […]Continue Reading

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CSOs make demands for the sustainable deregulation of the downstream petroleum sector

By The Insight Team September 23, 2020 615

A consortium of Civil Society Organizations (CSOs) has asked the federal government to entrench the deregulation drive of the downstream sector of the petroleum industry by enacting appropriate legislation or embedding it as part of the Petroleum Industry Bill (PIB) expected to be submitted to the National Assembly soon. The consortium also demanded that the […]Continue Reading

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‘How Nigeria can cope with plummeting crude oil prices’

By The Insight Team March 10, 2020 942

Eliminate oil theft and leakages in the system Optimize supply chain Introduce alternative energies Maintenance of distribution infrastructure Passage of the Petroleum Industry Bill Remove fuel subsidy Bring in multiple players to participate in importation Oil marketers, under the umbrella of the Major Oil Marketers Association of Nigeria (MOMAN), has said that the global Continue Reading