Following the carte blanche given by President Muhammadu Buhari to clean up the Nigerian National Petroleum Corporation (NNPC) and plug the leakages in the state-run oil firm, its new Group Managing Director, Dr. Emmanuel Kachikwu, will from this week start inviting oil traders who were awarded crude oil swaps and offshore processing contracts by NNPC during the administration of President Goodluck Jonathan.
Strong indications have emerged in Abuja that President Muhammadu Buhari may not be in a hurry to sell Nigeria’s three refineries.
The Management of Total E&P Nigeria Ltd. announces the appointment of Mr. Ahmadu-Kida MUSAas Deputy Managing Director, DeepWater District based in Lagos with effect from August 1, 2015. He replaces Mr. Charles NGOKA who has proceeded on retirement.
Hope for Nigeria’s less-dependent on imported petroleum products has been renewed as the Port Harcourt Refinery will this week resume full production of petrol, when Chrome Oil Services Limited would have completed the rehabilitation of Area 3, where petrol, Liquefied Petroleum Gas (LPG) and other lighter products are produced.
As the efforts to reposition the Nigerian National Petroleum Corporation (NNPC) continue, there are indications that about 50 percent of the top level officers of the corporation would be retired.
The National Economic Council’s ad hoc committee on the management of the Excess Crude Account proceeds and accruals into the Federation Account on Thursday agreed to engage two international accounting firms to carry out a forensic audit of the accounts and the Nigerian National Petroleum Corporation.
