Browsing Tag

NNPC

No refinery is functional in Nigeria – NNPC GMD

Femi Ogunshola Jun 28, 2022 0

Mr Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd says there is no single refinery working at the moment in the country. Kyari disclosed this when he appeared before the House of Rep joint…

Government

Reps query NNPC’s $49m refineries integrity test contract

John Ogunsemore Jun 24, 2022 0

The House of Representatives has queried the 49 million dollars contract for integrity test on Nigerian refineries awarded to Technimont company, by the Nigerian National Petroleum Corporation (NNPC). Rep. Ganiyu Johnson, the chairman of…

Oil and Gas

Petrol scarcity: NNPC begins loading at depots to clear queues

Emmanuella Anokam Mar 2, 2022 0

The Nigeria National Petroleum Corporation Ltd. (NNPC) has commenced loading of trucks at all depots to clear current scarcity experienced across the country. It added that there was availability of 1.7 billion litres of petrol currently…

News

Substandard PMS: NNPC, IPMAN, other stakeholders in dialogue

John Ogunsemore Feb 8, 2022 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is discussing with the Nigerian National Petroleum Corporation Ltd (NNPC) and stakeholders on imported substandard Premium Motor Spirit (PMS). National President…

Economy

Reps move to transfer assets of defunct NNPC to NNPC Ltd

Femi Ogunshola Feb 3, 2022 0

The House of Representatives’ Ad-hoc Committee to ascertain total inventory, assets, interests and liabilities of the Nigeria National Petroleum Company Ltd says it will meet with the Chief Executive Officer (CEO) of the company. This is…

Economy

Afreximbank signs $1.04bn petroleum exploration deal with NNPC

Agency Report Nov 18, 2021 0

The African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement was concluded on Tuesday in Durban during…

Economy

NNPC share capital of N200bn highest in Nigeria – CAC

Chinenye Offor Oct 9, 2021 0

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company (NNPC) Limited had made history for being the company with the highest share capital in the country. The Registrar General, Corporate Affairs Commission,…

Features

Buhari directs incorporation of NNPC Ltd., appoints board

Ismaila Chafe Sep 19, 2021 0

President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited. Malam Garba Shehu, the President’s Spokesman who confirmed the development in a statement on Sunday in Abuja, said the…

Government

Buhari announces N287bn as profit after tax by NNPC

Ismaila Chafe Aug 26, 2021 0

President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, has announced a Profit after Tax of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020. The president made the declaration in a statement…

Oil and Gas

Dangote Refinery: Bailing Out The Unbailable – By David Bako

David Bako Jul 17, 2021 0

It was hailed as the best thing to happen in the oil and gas sector especially in Nigeria – a serial importer of crude products. The year was 2013 and in September of that year, Aliko Dangote, Africa’s richest man, announced yet another of…

Economy

Why NNPC’s Borrowing To Acquire 20% Equity In Dangote Refinery – Mele Kyari

Paul Mbagwu Jun 30, 2021 0

The Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, on Tuesday, said it is purchasing a stake in Dangote oil refinery because it is a gigantic project which a resource-dependent nation like Nigeria should…

Oil and Gas

Subsidy payment: NNPC slashes contribution to federation account

John Ogunsemore Apr 29, 2021 0

The Nigerian National Petroleum Corporation (NNPC) says increasing payment on fuel subsidy has caused its contribution to the federation account to dwindling considerably. The corporation disclosed this in a document titled, ‘January to…

Government

We will Maintain Current Petrol ex-Depot Price- NNPC

Edith Ike-Eboh Mar 26, 2021 0

The Nigerian National Petroleum Corporation (NNPC) says it will maintain the current ex-depot price of Premium Motor Spirit, also known as petrol, until the conclusion of ongoing engagement with the organised labour.…

Features

We can’t bear N120bn monthly fuel subsidy, Nigerians will have to pay N234 per litre – NNPC

John Ogunsemore Mar 25, 2021 0

The Group Managing Director of Nigeria National Petroleum Corporation NNPC, Mele Kyari, says the corporation can no longer bear the over N120 billion monthly subsidy for Premium Motor Spirit (PMS). Kyari stated this during the weekly…

Government

Nigeria Doesn’t have Resources to Build New Refineries Now – Kyari

Edith Ike-Eboh Mar 22, 2021 0

The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial muscle now to build a new refinery going by the economic situation of the country. Mele Kyari, NNPC Group…

Oil and Gas

Petrol hike: IPMAN directs members to revert to old price of N170

Chimezie Anaso Mar 13, 2021 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in…

Oil and Gas

#PetrolPriceHike: NNPC Insists No Increase in Ex-Depot Price In March

John Ogunsemore Mar 12, 2021 0

The Nigerian National Petroleum Corporation (NNPC) has insisted that the ex-depot price of petrol will not be increased in March. The corporation stated this in a tweet on Friday, in apparent reaction to the hike in the retail price of…

News

Full Deregulation of Petroleum Downstream Sector -Expert

Edith Ike-Eboh Mar 7, 2021 0

Malam Bello Rabiu , a Former Chief Operating Officer, Upstream of the Nigerian National Petroleum Corporation (NNPC) says that full deregulation of the Nigerian downstream oil sector does not stop with removal of subsidies by…

Oil and Gas

No Plan to Increase Petrol Price – NNPC

Edith Ike-Eboh Mar 1, 2021 0

The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol saying it has no plan to increase the ex-depot price in March. NNPC disclosed in a…

Oil and Gas

Oil theft: Nigeria loses 200,000 barrels per day – NNPC boss

John Ogunsemore Feb 25, 2021 0

The Nigerian National Petroleum Corporation (NNPC) says at least 200,000 barrels per day of crude oil is lost to oil theft and vandalism. The Group Managing Director of NNPC, Mele Kyari spoke on Wednesday while meeting the Chief of…

Law

You can’t inspect money seized from ex-NNPC GMD – Court tells EFCC

Taiye Agbaje Feb 17, 2021 0

The Federal High Court, Abuja, on Wednesday, refused to grant an application filed by the Economic and Financial Crimes Commission (EFCC), to inspect the money seized from the former Group Managing Director (GMD) of the Nigerian National…

Oil and Gas

NNPC records 92% increase in sales of petroleum products

Edith Ike-Eboh Jan 28, 2021 0

The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from the sales of white products in the month of October…

News

Truck Crushes Couple to Death in Ogun

Abiodun Lawal Jan 12, 2021 0

Two persons suspected to be husband and wife were on Tuesday crushed to death in an accident involving a Toyota Camry car, Sino truck and a motorcycle around Odogbara, few metres from NNPC on the Sagamu-Ogijo road. Mr…

Oil and Gas

New Oredo Gas Plant will Boost SMEs in Host Community — NNPC

Nefishetu Yakubu Dec 22, 2020 0

Malam Mele Kyari, the Group Managing Director, Nigeria National Petroleum Corporation (NNPC) says the new Oredo Integrated Gas Handling Facility (IGHF) will boost the establishment of Small and Medium Enterprises (SMEs) through…

Features

Buhari is the only president not to ask NNPC for favours – Kyari

Edith Ike-Eboh Nov 21, 2020 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said that President Muhammadu Buhari never interfered in the operations of the Corporation. Kyari disclosed this at a media interactive…

Government

NNPC Announces N153.17 Ex-Depot Price for Petrol

Edith Ike-Eboh Nov 13, 2020 0

The Nigerian National Petroleum Corporation (NNPC) has announced N153.17 ex-depot price for Premium Motor Spirit (PMS) also known as petrol for the month of November. The corporation announced this in a statement signed by its…

Government

NNPC Donates Vehicles, Bikes to Operation Awatse

Modupe Oremule Nov 12, 2020 0

Gen. A. G. Olonisakin, the Chief of Defence Staff, has inaugurated four Toyota Hilux vehicles and four Quad Bikes donated by the Nigerian National Petroleum Corporation (NNPC) to the Operation Awatse. This was part of the…

Features

$2.1bn Arms Fund: How Ex-NNPC GM’s Firms Received N2.2bn From NSA Under Dasuki – EFCC Tells…

Edith Nwapi Nov 11, 2020 0

An EFCC witness, Adariko Michael, on Wednesday alleged that two companies belonging to a former General Manager of the NNPC, Aminu Baba-kusa, received N2.2 billion. Micheal made this known while testifying on day two in the trial of …

Economy

NNPC Set to Resume Oil Exploration, Drilling in Lake Chad Basin – Minister

Sumaila Ogbaje Nov 5, 2020 0

The Minister of State for Petroleum Resources, Chief Timipre Silva, says the Nigerian National Petroleum Corporation (NNPC) will soon resume oil exploration and drilling in the Lake Chad Basin. Silva disclosed this while speaking to…

News

No Need For Panic Buying of Petrol, Says NNPC

Edith Ike-Eboh Oct 26, 2020 0

The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring of normalcy in the supply of petroleum products. Dr Kennie Obateru, the…

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