Tags: Group Executive Director

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We Pay $1.8b To Import Fuel Per Quarter—NNPC

The Group Executive Director Upstream of the Nigeria National Petroleum Corporation, NNPC, Bello Rabiu, says about $1.8 billion is used every three months to bring Premium Motor Spirit, PMS, commonly called petrol, into the country. Rabiu made this disclosure on Wednesday while speaking with State House Correspondents in Abuja. The NNPC top shot explained that…

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FG Unbundles NNPC Into 7 Companies

The Nigerian National Petroleum Corporation, NNPC, has finally been unbundled into seven independent operational units. This was approved on Tuesday by President Muhammadu Buhari and it takes immediate effect. The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts. According to the Minister of…

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