WHY BUHARI REMOVED BARU AS NNPC GMD

The Nigerian National Petroleum Corporation (NNPC) on Thursday threw more light on why President Muhammadu Buhari relieved the present Group Managing Director, Dr. Maikanti Baru of the responsibility. The corporation in a statement that the Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, Mr. Ndu Ughamadu issued in Abuja on Friday said that Baru is due for statutorily retire on July 7, 2019, on the ground of attainment of 60 years retirement age. According to the statement, “A follow-up release on the new appointments by the NNPC Group General…

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MEET THE BORNO BORN, NEW NNPC GMD, MELE KOLO YRARI

 Kasim Sumaina in Abuja With his appointment by President Muhammadu Buhari as new Managing Director of the Nigerian National Petroleum Corporation,  Mele Kyari brings with him a wealth experience spanning over two decades. Kyari, a Geophysicist, is an expert in crude oil marketing and currently Nigeria’s Representative at the Organization of Petroleum Exporting Countries (OPEC) where he provides leadership and participates in engagements relating to Crude oil, Gas production and associated market issues. He is considered by many at the NNPC towers as a model servant leader whose actions inspire,…

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BUHARI DROPS BARU, APPOINTS NEW NNPC MD, OTHER HEADS OF ITS SUBSIDIARIES

 Names 7 new operating officers for the state owned oil company President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as new Group Managing Director for the Nigerian National Petroleum Corporation. Mr. Mele Kolo Kyari who hails from North-East will take over from Dr. Maikanti Baru. His appointment takes effect from July 7, 2019. The President has also appointed seven new Chief Operating Officers for the state –owned oil company. The new officers are: Mr. Roland Onoriode Ewubare (South-South), Chief Operating Officer, Upstream; Engineer Mustapha Yinusa Yakubu (North-Central), Chief Operating…

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MASSIVE REORGANISATION ROCKS NNPC AS NPDC MD IS SACKED

Okechukwu Nnodim, Abuja There has been a massive reorganisation of the top management staff of the Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced. It was learnt that the Managing Director of the Nigerian Petroleum Development Company, Yusuf Matashi, was removed and replaced by Usman Yusuf, the Senior Technical Assistant to the Group Managing Director, in the latest reorganisation. Impeccable sources at the corporation told our correspondent that other subsidiaries and arms of the corporation that…

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ATALANTIC ENERGY TO REFUND 1.6BIL DOLLARS OIL MONEY STOLEN FROM NNPC

Okechukwu Nnodim, Abuja Atlantic Energy Drilling Concept Nigeria Limited, an oil firm that swindled billions of dollars from the flagship subsidiary of the Nigerian National Petroleum Corporation – Nigeria Petroleum Development Company, is to refund $1.6bn to the oil firm following recent judgments obtained by the NNPC. NNPC’s Group Managing Director, Maikanti Baru, said this was one of the recent achievements of the anti-corruption fight of the oil firm while speaking at the headquarters of the corporation in Abuja on Tuesday, after he was named patron of the Chartered Institute…

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NIGERIA WOULD STILL NEED 20MIL LITRES PER DAY DESPITE DANGOTE REFINERY IN 2020- NNPC

Despite the current 445,000 barrels per day (bpd) capacity of the country’s refineries and Dangote’s 650,000 bpd refinery expected by 2020, Nigeria will still have a shortfall of 427,000 bpd, equivalent of 20 million litres of Premium Motor Spirit (PMS), per day. Dr. Maikanti Baru, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), who disclosed this yesterday in Abuja, said the country would need a refining capacity of 1.52 million bpd in order to meet its PMS requirement by 2025. Delivering a state of the industry address at this…

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NNPC FINANCIAL RECORDS IS NOT ENOUGH FOR GOVERNMENT OVERSIGHT

Chineme Okafor in Abuja A New York-based Natural Resource Governance Institute (NRGI) yesterday stated that the financial reports of the Nigerian National Petroleum Corporation (NNPC) do not contain systematic financial information that would enable the federal government to demand for accountability in its operations. In its latest report titled: ‘Resource Governance Index: From Legal Reform to Implementation in Sub-Saharan Africa,’ which was obtained by THISDAY, NRGI said this was also the case with Equatorial Guinea’s GEPetrol. NNPC and GEPetrol are reported to be the two Africa’s State Owned Enterprises (SOEs)…

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OIL EXPOLRATION IN THE NORTH WOULD CONTINUE UNTIL THE PRODUCT IS FOUND – NNPC

Group Managing Director of the Nigeria National Petroleum Corporation, (NNPC), Dr. Maikanti Baru, has said oil exploration in the North would continue until the commodity is found. Native Reporters has learnt. Baru said this would enable the NNPC do massive appraisal of the discovery of gas reserves, made in 1999 in the region. The NNPC GMD, who was in Kaduna for the 40th edition of the Kaduna International Trade Fair, said the Corporation is working on the Kolmani River 2; with optimism and high expectation. He said President Muhammadu Buhari had…

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WE MAY START SELLING FUEL ABOVE 145NAIRA – IPMAN

Femi Makinde The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government and the Nigerian National Petroleum Corporation to ensure that private depot owners maintain the official ex-depot price of Premium Motor Spirit (petrol) at N133.28 per litre. The Chairman, IPMAN, Ore Depot, Mr Shina Amoo, who said this in an interview with our correspondent in Lagos on Monday, stated that independent marketers might soon start selling beyond N145 per litre if depot owners continued to sell between N136.50 and N137 per litre. Amoo urged the NNPC to…

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NANS TAKE ON NNPC OVER SKEWED RECRUITMENT POLICY, SEE THEIR REACTION

The Nigerian National Petroleum Corporation (NNPC) has rejected a statement by the National Association of Nigerian Students (NANS) alleging discrimination in requirements for recruitment into the petroleum corporation. On Sunday, NANS a statement by Adeyemi Azeez, its Public Relations Officer, rejected the “anti-poor and anti-masses” recruitment requirements of the NNPC. NANS had also issued threats of mass action and shutdown of the corporation over the matter. However, Ndu Ughamadu, NNPC Group General Manager, Public Affairs Division, said there was no discrimination in the various requirements of the corporation’s recruitment process.…

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