By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021. A breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report...
NNPC
The Nigeria National Petroleum Company (NNPC) Limited had a busy week following the award of honourary doctorate degree on its Group Managing Director (GMD) and Chief Executive Officer (CEO), Malam Mele Kyari. The award was bestowed on the awardee by Federal University of Technology (FUT), Minna. Other prominent Nigerians...
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....
…Pledges support for frontier exploration By JOY ADARA, Abuja – The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) for repositioning the Nigerian oil and gas industry into a competitive business environment. The Chairman of the Committee, Senator Bassey Albert Akpan,...
The Nigerian National Petroleum Company (NNPC) Limited started its week with the securing of a 5 billion dollars corporate finance commitment from the African Export Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector. For NNPC, securing the facility is a milestone achievement, especially in its bid...
The Nigerian National Petroleum Corporation (NNPC) Ltd has requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022. Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents after the Federal Executive Council meeting which was chaired by President Muhammadu...
Former Head of State Abdulsalami Abubakar on Thursday raised concerns over the removal of fuel subsidy. General Abdulsalami, who was speaking at the 19th Daily Trust Summit in Abuja, said the country is facing challenges on multiple fronts and a fuel subsidy removal will only compound the situation. The...
By JOY ADARA, Abuja – As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company Limited (NNPC) earn more revenue for the country. Chief Executive Officer (CEO) of...
President Muhammadu Buhari has urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place premium on doing business with the highest ethical standards, integrity, and transparency. Inaugurating the Board chaired by Sen. Margery Chuba Okadigbo, the...
A total of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15bn. Latest status report on the Pre-2016 Cash Call Arrears Repayment to the IOCs as at October 31, 2021, seen...
By EZEKIEL OBI, Abuja – The Nigerian National Petroleum Corporation (NNPC) Limited has said the minor fire incidence which occurred on Saturday at the Port Harcourt Refining Company (PHRC) has been brought under control. The NNPC spokesman, Garba Deen Muhammad, who disclosed this in a statement, said the incident,...
The Nigerian National Petroleum Company (NNPC) Limited has ended the year on a bright note after it won an award as the overall best company in oil and gas reforms at the Open Government Partnership (OGP) global awards which was held in Seoul, South Korea. Nigeria picked the award...
The Nigerian National Petroleum Company (NNPC) Ltd. says Friday’s pipeline fire in Iyana-Odo/Baruwa axis of Lagos State will not disrupt the supply of petroleum products across the country. Malam Mele Kyari, Group Managing Director, NNPC Ltd., gave the assurance when he visited the scene of the incident. Kyari said...
Tragedy was averted on Friday at Isale Odo, LASU Road, in Alimosho Local Government Area of Lagos State, following the containment of a pipeline explosion. Mr Ibrahim Farinloye, Acting Coordinator, South West Zonal Office of the National Emergency Management Agency, confirmed the development in a statement issued in Lagos....
By SADIQ ABUBAKAR, Maiduguri – President Muhammadu Buhari on Thursday in Maiduguri, Borno State, said more cooperation among elites in the country, with a commitment to inform people on realities and mobilize for development will help in resolving the challenges facing the nation. In a courtesy call at the...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd. says the Petroleum Products Marketing Company (PPMC), its downstream subsidiary made a sum of ₦203.73 billion on the sale of white products in July 2021. This is contained in the July 2021 figures of the NNPC Monthly...
The Federal Government and the Nigeria National Petroleum Corporation (NNPC) Ltd on Tuesday signed a Memorandum of Understanding of N621 billion to fund the construction of critical road infrastructure across the country. The Tax Credit MoU, which was signed in Abuja by the Minister of Works and Housing, Mr...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC) has drawn the attention of the general public to a fake competition trending online which claims to celebrate its so-called “Anniversary Event”. A statement Issued on Monday by Garba Muhammad, Group General Manager, Group Public Affairs Division,...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of availability of petroleum products across the country during the yuletide. IPMAN’s President, Mr Chinedu Okoronkwo, gave the assurance in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos while reacting to resurfacing of...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd has urged Nigerians not to engage in panic buying but to fully enjoy the spirit of the festive season as it continues to work tirelessly to ensuring sufficient supply of petrol to every part of the country....