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NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. [2] NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron).
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [1] [2] If a victim makes the payment, the ...
Petroleum industry in Nigeria. Nigeria is the second largest oil and gas producer in Africa (after Angola ). [1] Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity.
t. e. Corruption is an anti-social attitude awarding improper privileges contrary to legal and moral norms and impairs the authorities' capacity to secure the welfare of all citizens. [1] Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence.
In office. July 2005 – May 2007. Personal details. Born. ( 1943-10-13) 13 October 1943 (age 80) Edmund Maduabebe Daukoru (born 13 October 1943) is a former Nigerian Minister of State for Energy and was Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) in 2006. He became the Amayanabo, or traditional ruler, of ...
On 10 April 1988, the Nigerian National Petroleum Corporation (NNPC) announced an increase in the cost of petroleum products. The increase in the price of petroleum products led to a concomitant increase in food prices and transportation costs. A peaceful protest at the University of Jos was held. The protests eventually snowballed beyond the ...
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. [4] However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry.
A prayer was held a few months ago in Kano, a very religious city in northern Nigeria. It was organised to pray for the success of a huge new Nigerian oil refinery that next month is due to start ...