Employees of the Nigerian National Petroleum Corporation, NNPC, have embarked on an indefinite strike following the unbundling of the corporation by the Federal Government on Tuesday. Yesterday, the Minister of State for Petroleum Resources, Ibe Kachikwu, announced that the government has unbundled NNPC into seven units namely downstream, refineries, gas and power, finance and accounts,…
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…
Former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has been directed to appear before the House of Representatives Ad hoc Committee investigating the Refined Product Exchange Agreement/Crude Oil Swap between the Nigerian National Petroleum Corporation/Petroleum Pipelines Marketing Companies (NNPC/PPMC) and some oil companies during her tenure. The lawmakers want Diezani to explain her role in…