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Tag: Maikanti Baru

No Casualties Recorded At The Fire Incident Of NNPC Minna Depot -Baru

No Casualties Recorded At The Fire Incident Of NNPC Minna Depot -Baru

NEWS
  Dr. Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation on Monday said there was no casualty recorded at the fire incident that occurred at the NNPC Minna depot, Niger, on Saturday, July 7. He confirmed this in an interview with the News Agency of Nigeria on the sideline of the ongoing Seven Critical Gas Development Projects (7CGDP) workshop in Lagos. According to NAN report, on July 7, fire gutted the NNPC Minna depot as some people were scooping fuel from a leaking tank. ”There was an unfortunate incident on Saturday night and early Sunday morning where floating roof of one of our tanks in Minna came down. “Unfortunately, some petrol from our storage, which is part of our strategic storage plan, spilled from the tank. “There wa
NNPC Targets 4,600MW Generation In Three States

NNPC Targets 4,600MW Generation In Three States

BUSINESS, NEWS
  The Nigerian National Petroleum Corporation (NNPC) has announced plans to generate additional 4,600MW of electricity. The power plants will be concentrated in the Northern part of the country and they are Abuja, Kaduna and Kano. The power plants would solely on gas supplies from the proposed Ajaokuta-Abuja-Kaduna-Kano Gas pipeline project. The minister of state for petroleum resources, Ibe Kachikwu who made this known shortly after the FEC meeting added that the pipeline would allow movement of gas from the southern region to the northern areas for increased gas utilization and power generation. ‘We presently have trapped power, trapped gas, all in the southern corridors that is going nowhere because of lack of infrastructure”. In a statement obtained by BigPen On
Over One Billion Litres Of Fuel Available For The Yuletide Season – NNPC Assures Nigerians

Over One Billion Litres Of Fuel Available For The Yuletide Season – NNPC Assures Nigerians

NEWS
    The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of the availability of fuel during the oncoming festive period and even beyond. The Group Managing Director, Maikanti Baru who made this statement in Sagamu, Ogun on Thursday said that Nigeria consumes about 35 million litres of fuel daily and that over a billion litres is currently available in Nigeria. We are prepared and we have sufficient products that will last us through the end of the year and into the next year. Our average consumption is about 35 million litres per day and at the moment we have well over a billion litres of petroleum products in my tanks. Baru also appealed to motorists against impulse buying as this could affect them negatively and the ugly scenes of long que...
NNPC Scandal: Baru Breaks Silence, Says No Law Mandates Him To Discuss Contracts With Kachikwu

NNPC Scandal: Baru Breaks Silence, Says No Law Mandates Him To Discuss Contracts With Kachikwu

NEWS
The Nigerian National Petroleum Corporation, NNPC, on Monday responded to content of the leaked memo written by the Minister of State for Petroleum Resources, Ibe Kachikwu, to President Muhammadu Buhari, dismissing most of his allegations as false. In a detailed statement signed by NNPC’s Group General Manager in charge of Group Public Affairs Division, Ndu Ughamadu, the state oil company said Kachikwu’s allegations are “baseless”, insisting that due process was followed as his consent is not needed in the award of the contracts he complained about. THEWILL had reported that Kachikwu had alleged insubordination and humiliation by Maikanti Baru, the group managing director of NNPC, in a memo to President Muhammadu Buhari, who doubles as the minister of petroleum. He als
Kachikwu Petitions Buhari Over NNPC GMD’s ‘Insubordination’, Non-Adherrence To Due Proce

Kachikwu Petitions Buhari Over NNPC GMD’s ‘Insubordination’, Non-Adherrence To Due Proce

NEWS
The Minister of state for Petroleum Resources, Dr. Ibe Kachikwu, has written a petition to President Muhammadu Buhari over alleged insubordination of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru. Buhari had appointed Kachikwu as NNPC GMD in August 2015 but replaced him with Baru in July 2016, while Kachikwu was made the chairman of the NNPC board. The minister, in the letter seen by THEWILL, accused Baru of “completely eroding” some of the reforms he introduced as head of the oil firm, as well as sidelining him in the re-organisation and reposting done in the NNPC, as the board was never briefed but got to know of the appointments on the pages of newspapers. While lamenting that the NNPC has refused to report to his office
BREAKING: NNPC Allays Fuel Scarcity Fear Over Lagos Jetty Fire Incident

BREAKING: NNPC Allays Fuel Scarcity Fear Over Lagos Jetty Fire Incident

NEWS
As fuel queues return to some part of the country today, Monday, the Nigerian National Petroleum Corporation, NNPC, has assured motorists and other consumers of petroleum products nationwide that the fire incident which occurred at Apapa loading jetty at the early hours of today will not affect supply of petroleum products. Fuel queues surfaced in most filling stations today, with some having their gate shut against motorists and other fuel users following fear that petroleum products would be scarce. The fear of possible scarcity is coming on backdrop of the strike action declared by United Labour Congress, ULC, which has NUPENG as its affiliate. BigPen Online recalls that the ULC, had on Wednesday threatened that workers in the country would embark on an indefinite strike if...
BREAKING: NNPC Redeploys 55 Top Officials In Major Shake-up

BREAKING: NNPC Redeploys 55 Top Officials In Major Shake-up

BUSINESS, NEWS
Nigerian National Petroleum Corporation, NNPC has redeployed top officials of the corporation as part of its ongoing restructuring. The Corporation also appointed new officers into various positions to fill vacate post left due to retirement. In the exercise which was made public on Tuesday, a total of 55 top management staff were affected. Group Managing Director of the Corporation, Dr. Maikanti Baru, told NNPC staff shortly before the announcement was made public that the new appointments would not only help to position the Corporation for the challenges ahead but would help fill the gaps created due to statutory retirements of staff. Under the new arrangement, Roland Ewubare, formerly MD of the Integrated Data Services Limited, IDSL moves to the National Petroleum Invest...
Game Up As NNPC Reveals How ‘Conmen’ Use Names Of Its Top Officials, Forged Letters To Swindle Prospective Crude Buyers

Game Up As NNPC Reveals How ‘Conmen’ Use Names Of Its Top Officials, Forged Letters To Swindle Prospective Crude Buyers

NEWS
The Nigerian National Petroleum Corporation (NNPC), has revealed how international Conmen have been using the names of top officials of the corporation with dubious allocation letters to scam prospective crude buyers. This was made known at the official presentation of commendation letters to 12 staff of the Crude Oil Marketing Division of the Corporation in Abuja on Tuesday. Group Managing Director of the Corporation, Dr. Maikanti Baru, who disclosed this during the ceremony, raised the red flag on the activities of con men who specialize in circulating phantom letters of crude oil allocation with the intent of defrauding unsuspecting would-be buyers or members of the public. According to the NNPC boss, the activities of the international fraudsters created an unnecessary dis...
France To Invest Over 1Billion Euro In Nigeria Oil Industry

France To Invest Over 1Billion Euro In Nigeria Oil Industry

BUSINESS
  The French Government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry.  This followed a declaration that Nigeria remains France first economic trading partner in Africa. France Ambassador to Nigeria, His Excellency, Denys Gauer, declared this when the Group General Manager, Group Public Affairs Division (GPAD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Ndu Ughamadu, led a delegation to his office in Abuja on Tuesday. Mr. Gauer said that French Development Agency has put in place about one billion Euros to encourage French investors to invest in the Nigeria Oil and Gas sector. According to him, French government is also cooperating with the Federal Government in the fight against Boko Haram insurgency.