Prof. Tai Balofin, Chairman APC USA, on Sunday in Abuja said Nigerians should trust President Bola Tinubu to work out palliatives to cushion the effect of fuel subsidy removal. He said this while speaking with the News Agency of Nigeria (NAN), adding that the challenges that came with the...
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A two-term Lagos lawmaker, Mr Jude Idimogu, has urged Nigerians and labour unions to show understanding with President Bola Tinubu led administration on removal of fuel subsidy. The News Agency of Nigeria (NAN) reports that Tinubu announced the removal of petrol subsidy on May 29 in his inaugural address...
The National Hajj Commission of Nigeria (NAHCON), said it had reached an agreement with the Nigerian National Petroleum Company (NNPC) for availability of ‘Jet A’ fuel for seamless transportation of pilgrims to Saudi Arabia. The Chairman and Chief Executive Officer of NAHCON, Alhaji Zikrullah Hassan, made this known in...
Energy giant, Total Energies in collaboration with the Nigeria National Petroleum Corporation (NNPC) has reiterated their commitment to provide social impact initiatives focused on youth development in the country. This assertion was made at the graduation and close – out ceremony of Adolescent 360 TotalEnergies Health and Economic Empowerment...
I have been sufficiently scandalized in the last few days by the varieties of reactions, seemingly procured or tainted, that have greeted the judgment by Justice Inyang Ekwo of the Federal High Court, Abuja, which reinstated Senator Ifeanyi Godwin Araraume as a non-executive chairman of the Board of the...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Station project from its cash-flow. The NNPC Limited GCEO, Malam Mele Kyari said this on Monday while touring some of...
The Nigerian National Petroleum Company Limited (NNPC Ltd), says that energy security will rightly be achieved by the realisation of Nigeria’s Decade of Gas Initiatives inaugurated in 2021 by President Muhammadu Buhari. Malam Mele Kyari, Group Chief Executive Officer, NNPC Limited, said this on Wednesday in Abuja at the...
The Presidency says President Muhammadu Buhari has taken due notice of judgment by the Federal High Court, Abuja, restoring Sen. Ifeanyi Ararume as the non-executive Chairman of Nigeria National Petroleum Company Limited (NNPCL). According to a statement by Mr Femi Adesina, the President’s spokesman, on Wednesday in Abuja, the...
The Federal High Court, Abuja has declared the sack of Sen. Ifeanyi Ararume as Non-Executive Chairman of the Nigeria National Petroleum Company Limited (NNPCL) as illegal and unlawful. Delivering judgment in the matter on Tuesday, Justice Inyang Ekwo said that his removal was unconstitutional and as such the court...
The Nigeria National Petroleum Company Ltd. (NNPC Ltd) is deepening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas interconnector to support five billion standard cubic feet per day domestic gas utilisation. Malam Mele Kyari, the Group Chief Executive, NNPC Ltd., made this known in Abuja on Monday...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says the positive outcome of Ebenyi-A Exploration Well will increase Nigeria’s hydrocarbon reserves from 37 billion barrels to 50 billion barrels. The NNPC Ltd said the outcome of the campaign would contribute to the aspiration of increasing Nigeria’s crude oil production...
The Independent National Electoral Commission (INEC), says it plans to meet with the leadership of the Nigerian National Petroleum Company Limited (NNPCL) to ensure adequate fuel supply during the 2023 general election. Prof. Mahmood Yakubu, the Chairman, INEC said this at a consultative meeting with the National Union of...
The Federal Government has described the new Nigerian National Petroleum Company Ltd (NNPC Ltd.) as a new dawn in the quest for growth and development of Nigerian oil and gas industry. Chief Timipre Sylva, Minister of State for Petroleum Resources, made this known on Tuesday at the unveiling of...
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a commercial oil company, limited by shares. The NNPC Limited is expected to be managed as a private energy enterprise unlike...
By JOY ADARA, Abuja – Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC) has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). Managing Director of NNPCL, Mallam Mele...
The Minister of State for Petroleum, Timipre Sylva has announced that there will be a major investigation to unravel the cause of the unsafe quantity of methanol in petrol imported into the country. He disclosed this on Wednesday during a media briefing after the Federal Executive Council meeting in...
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 sequel to the Petroleum Industry Act (PIA) assented to by President Muhammadu Buhari....
The Integrity Youth Alliance, a Civil Society Organisation has said that the leadership of the senate should be decisive on the proposed removal of subsidy on Premium Motor Spirit (PMS) popularly called Petrol. It said that foot dragging on the subsidy removal was akin to postponing the obvious when...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021. This is contained in the June 2021 figures of the NNPC Monthly Financial and Operations...
President Muhammadu Buhari has suspended the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC). The Secretary to the Government of the Federation, Mr Boss Mustapha, announced this on Tuesday in a statement titled ‘Suspension of Inauguration of Newly Constituted Board Of NNPC LTD.’...