The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a profit after tax of N674 billion for the financial year ended Dec. 31, 2021. The profit represented a growth of 134.84 per cent when compared with N287 billion profit in 2020 which was recorded under the old Nigerian...
NNPC Ltd
The Nigerian National Petroleum Company (NNPC) Limited, has accused government officials, religious leaders, security agencies and even some staff of the nation’s crude oil theft. Speaking during the 49th session of the weekly ministerial briefly at the State House in Abuja, NNPC Group Chief Executive Officer, Mele Kyari maintained...
The Nigerian National Petroleum Company (NNPC Ltd.), said that the importation of petroleum products into the country will be stopped by mid-2023. Mele Kyari, Group Chief Executive Officer of NNPC Ltd. disclosed this at the State House Ministerial Briefing organised by the Presidential Communications Team, on Tuesday in Abuja....
The NNPC Limited started its activities last week on a cheering note as it bagged the Information Systems Audit and Control Association (ISACA) Outstanding Partnership Award. The award was for its robust adoption of technology in its business operations while the Group Chief Executive Officer (GCEO), Malam Mele Kyari...
Malam Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Ltd. says resolving the security challenge in the Niger Delta will bring back investments to the oil and gas sector. Kyari said the NNPC was working with security agencies and other stakeholders to address the issue of...
“Ignorance is an enemy, even to its owner” – Sri Chinmoy Recently, the Federal Government renewed a multi-million dollar pipeline surveillance contract with a former militant leader and commander of the defunct Movement for Emancipation of the Niger Delta (MEND), Government Ekpemupolo, alias Tompolo. It was gathered that the government...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) made a giant step towards tackling the disturbing issue of crude oil theft and damage to its operational pipelines and facilities. This giant stride marked the beginning of activities last week as the company introduced the “Crude Theft Monitoring Applications” to...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The News Agency of Nigeria (NAN) reports that the launch held in Abuja on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between...
Oando Plc, AA Rano, Sahara Energy Resources, Hyde have all denied involvement in fuel subsidy payments before the House of Representatives ad hoc committee investigating subsidy regime. The oil companies said they only lifted crude oil and we’re not part of subsidy payment by the Nigerian National Petroleum Company...
It was a moment of joy for stakeholders in the oil and gas industry as President Muhammadu Buhari unveiled the new Nigerian National Petroleum Company Limited (NNPC Ltd.) on July 19. Following the unveiling, the NNPC became fully commercialised and transited into a limited liability company. There are some...
The Director-General of the Voice of Nigeria (VON) Mr Osita Okechukwu has taken a swipe at the Presidential Candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar for accusing the ruling party of stealing his idea to reform the Nigerian National Petroleum Corporation (NNPC). While reacting to the...
Mr Gabriel Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea has lauded the initiative of the Nigerian government for the new Nigeria National Petroleum Company Limited, describing Nigeria as a great example for Africa. Lima made this known in an interview with newsmen on Wednesday in Abuja, following the...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says its huge asset base will be disclosed soon in view of its current status. Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd made this known on Tuesday at a media chat after the Presidential unveiling of the New...
The activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) for the new week started with a cheering news that the company would begin operation on July 1 as a limited liability company. The operation as a limited liability company is under the Companies and Allied Matters Act...
Malam Mele Kyari, Group Managing Director, NNPC Ltd., has reiterated the commitment to sustain the strategic energy partnership between Nigeria and Spain. Kyari made this known while addressing Nigerian and Spanish business leaders on investment opportunities in the Nigerian Oil and Gas Industry in Madrid, Spain. A statement by...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing...
Members of the House of Representatives have called on the Nigerian National Petroleum Company (NNPC) Limited to suspend the four companies which recently imported adulterated fuel into the country. The lawmakers also mandated its committee on petroleum downstream to investigate the release and sale of the off-spec Premium Motor...
The Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, on Wednesday, explained how ‘adulterated’ Premium Motor Spirit (PMS) from Belgium got into the country undetected and the companies that brought it in. Mr Kyari spoke about the problem which had led to...
By JOY ADARA, Abuja – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority) has discovered a limited quantity of Premium Motor Spirit (PMS), commonly known as Petrol, with methanol quantities above Nigeria’s specification. Methanol is a regular additive in Petrol and usually blended in an acceptable quantity....
By JOY ADARA, Abuja – The Nigeria National Petroleum Cooperation (NNPC) Ltd. has urged Nigerians not to engage in panic buying as the company has sufficient petroleum products in stock to meet the needs of the public. The NNPC spokesman, Dr. Garba Deen Muhammad, gave the assurance in a...