Category: Press Releases

Baru Disclaims Allegation Linking Kyari to N50bn Funds Kept Away from TSA

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the allegation that its Group Managing Director, Dr. Maikanti Baru, had ever stated in any fora that the Chief of Staff to the President, Mallam Abba Kyari, “directed the Corporation to keep the sum of N50billion away from the Treasury Single Account (TSA).” NNPC wishes to state…

Baru Says Intellectual Development of Youth Necessary for Sustainable Growth

…As Gaius-Obaseki Pledges Support for NNPC Management Leaders at all levels in the country have been called upon to pay attention to the intellectual development of the youth if the country must attain sustainable growth. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, gave this charge at a book launch…

ExxonMobil Completes LNG Acquisition in Mozambique Area 4

ExxonMobil to lead construction and operation of future gas liquefaction facilities Company assumes responsibility for midstream operations in Area 4 Estimated 85 trillion cubic feet of natural gas to support world-class LNG project ExxonMobil announced today the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s…

Nigeria Still Remains Investors Destination – IMF

 LEFT to RIGHT: Chairman House of Representatives on Capital Market Hon. Tajudeen Yusuf, Acting Director General Securities and Exchange Commission Dr. Abdul Zubair and Member of the Committee Hon. Fred Agbedi during oversight function at the SEC, Wednesday Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down…

NNPC Assures Local Investors of Support as Multi-million Naira Tank Farm Opens in Ogun

  The Nigerian National Petroleum Corporation (NNPC) would continue to offer unflinching support to indigenous private investors in the nation’s Oil & Gas Industry.   Group Managing Director of the Corporation, Dr. Maikanti Baru, gave this assurance while speaking at the official commissioning of an ultra-modern 300 million-litre capacity tank farm built by a local…