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NNPC Set To Tackle Cooking Gas Shortage

2017-01-18 11:01 AM | by Nigeria Compliancehub


The West African Gas Ltd (WAGL), a joint venture company of the Nigerian National Petroleum Corporation (NNPC) and Sahara Energy, has begun moves to address the challenges inhibiting the supply of liquefied petroleum gas (LPG), otherwise known as cooking gas.

NNPC Group Managing Director, Dr. Maikanti Baru, who… Read more

EFCC recovers N328.9 billion from 9 oil companies

2017-07-28 2:43 PM | by Nigeria Compliancehub

The Economic and Financial Crimes Commission, EFCC, on Wednesday disclosed that it has recovered a total of N328.9 billion from nine major oil marketers within one year.

The disclosure was made by the Spokesman of the commission, Wilson Uwujaren, in a statement in Abuja.

In the statement, he identified the marketers as… Read more

CBN, NNPC, FIRS, 180 Other Federal Ministries, Agencies In Massive Recruitment Scandal

2017-08-14 9:08 AM | by Nigeria Compliancehub

There are reports with strong indications that nearly all the federal ministries, departments and agencies have been carrying out illegal mass recruitments.

According to information by Sunday Punch, several government parastatals including the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS), and… Read more

Diezani Loses N7.6b Loot

2017-08-29 10:43 AM | by Nigeria Compliancehub

The Federal High Court in Lagos yesterday ordered the final forfeiture of N7.6billion allegedly stolen and hidden by former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke.
Justice Abdulazeez Anka granted an application by the Economic and Financial Crimes Commission (EFCC) seeking the money’s final forfeiture to the Federal Government.

He held: “I’ve… Read more

Ex-Depot Price of Petrol Stable Despite Drop in Pump Price

2017-09-13 10:39 AM | by Nigeria Compliancehub

Despite the slight reduction in the pump price of petrol by some oil marketers and the Nigerian National Petroleum Corporation (NNPC) in many retail outlets across the country, the ex-depot price of the product has remained stable, THISDAY’s investigation has revealed.

It was also gathered that even though some marketers and… Read more

Fuel subsidy returns, as FG incurs N586m daily

2017-10-24 9:55 AM | by Nigeria Compliancehub

There are indications that the Federal Government has started incurring N586 million daily as fuel subsidy, following the rise in crude oil price from $49 to $58 per barrel in the international market between August and October this year. 

Investigations by Vanguard showed that unlike… Read more

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