NNPC Foundation has clinched five top awards at the 19th SERAS Africa Sustainability Awards, including Most Responsible Organisation in Africa (Overall Winner), Best in Decent Work and Economic Growth, Best in Stakeholder Engagement, Best in Poverty Reduction, and the Africa Sustainability Professional of the Year, awarded to the Managing...
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Nigeria’s state-owned energy giant, NNPC Limited, has posted its strongest financial performance yet, announcing a profit after tax of ₦5.4 trillion for the 2024 financial year — a figure that places the company firmly among the world’s most profitable national oil companies. The results, shared during its earnings call...
Nigeria Security and Civil Defence Corps (NSCDC) in Adamawa has intercepted a truck loaded with more than 200 pieces of vandalised Nigerian National Petroleum Company (NNPC) pipelines in the state. The State Commandant of the Corps, Mr Idris Bande, disclosed this at a press briefing on Monday in Yola....
Executive Vice President of Downstream at NNPC Limited, Dr. Mumuni Dagazau, says Nigeria’s downstream oil and gas sector is experiencing a major transformation powered by deregulation, foreign exchange reforms, and stronger industry collaborations. Speaking in Lagos on Monday at the 19th Africa Downstream Energy Week, themed “Energy Sustainability: Growth...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri said this on Monday in Lagos during his welcome address at the 19th Africa Downstream Energy Week. The theme of the...
A leading civic group has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Bashir Ojulari, to publicly account for several billions of naira and foreign currency allegedly missing from the corporation’s accounts, as revealed in the recently published 2022 Annual...
Socio-Economic Rights and Accountability Project (SERAP) has revealed that the Nigerian National Petroleum Company Limited (NNPCL) failed to account for missing oil revenues amounting to N22.3 billion, $49.7 million, £14.3 million, and €5.2 million, according to the 2022 annual report of the Auditor-General of the Federation. SERAP disclosed this...
Economic and Financial Crimes Commission (EFCC) is currently questioning the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, regarding financial dealings during his tenure. Kyari arrived at the EFCC headquarters in Abuja around 2:15 PM on Wednesday, according to Channels TV report. As...
A Non-Governmental Organization, NGO, Citizens for Equality and Good Governance Nigeria (CEGGN), has appealed to President Bola Ahmed Tinubu to end the incessant attacks on the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, NNPCL, Engr. Bashir Bayo Ojulari, by those it described as unpatriotic individuals who...
Nigerian National Petroleum Corporation (NNPC) Ltd. has announced the appointment of two seasoned executives, Mr. Andy Odeh and Mrs. Morenike Adewunmi, to key leadership positions. The NNPC Ltd in a statement on Tuesday said Mr. Odeh assumed the role of Chief Corporate Communications Officer, while Mrs. Adewunmi has been...
Imo State Governor and Chairman of the Crude Oil Theft and Management Committee, Hope Uzodimma, revealed that the committee is partnering with the Nigerian National Petroleum Company Limited (NNPCL) to significantly enhance Nigeria’s crude oil output. The ambitious goal is to achieve a production rate of three million barrels...
By MBAFAN ADE, Abuja- Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, has reaffirmed the company’s strategic direction towards value creation, competitiveness and efficiency as the foundation of its new business model. The GCEO made this known while delivering a keynote address themed “Building a Resilient Oil...
Federal High Court in Abuja, on Tuesday, issued an interim order to freeze four Jaiz Bank accounts allegedly tied to the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, amid a high-stakes fraud investigation. Justice Emeka Nwite granted the order following an...
By DAVID IORJA, Abuja- President Bola Ahmed Tinubu said Nigeria is poised to deliver clean and sustainable energy solutions not just in-country but also across Africa and beyond. The President made the remarks today at the commissioning ceremony of a 40,000 cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel,...
By EZEKIEL OBI, Abuja- Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr Bayo Ojulari, has broken his silence on social media reports that Adegboyega Fasasi and Usman Shugaba, Chief Security Officer (CSO) and Chief Personal Security Officer (CPSO) respectively to President Bola Tinubu...
Bashir Bayo Ojulari, a mechanical engineer versed in the ecosystem of oil and gas, has spent roughly four months on the beat as Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). And if morning shows the day, as ideally it should, then the nation’s oil...
By OLA MODUPE, Lagos- The Nigerian National Petroleum Company (NNPC) Retail Limited has taken swift action against fraudulent practices at one of its filling stations in Ikorodu, Lagos State, dismissing a pump attendant and suspending the station manager for attempting to deceive a customer. The decisive measures underscore the...
Less than 72 hours after his reported resignation, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited, (NNPCL), Bayo Ojulari, was on Monday morning sighted in his office. He was said to resumed in his office at the NNPCL Towers, in the Central Business District,...
Senate Committee on Public Accounts has issued a three-week deadline for the Nigerian National Petroleum Company Limited (NNPCL) to respond to audit queries involving N210 trillion. According to the News Agency of Nigeria (NAN), these queries stem from audit reports spanning 2017 to 2023, highlighting concerns over unaccounted funds....
Dangote Petroleum Refinery has officially withdrawn its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, which was filed at the Federal High Court in Abuja, was formally discontinued following a...