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...
NNPC
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....
Introduction At the beginning of this month November 2021, President Buhari announced at that Nigeria has pledged to eliminate illegal gas flaring (which he said was Nigeria’s single greatest contribution to greenhouse emissions) by 2030. The President made the commitment at the UN Climate Change Conference Glasgow 2021 tagged...
By MBAFAN ADE, Abuja – Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Limited, Malam Mele Kolo Kyari, said on Monday that the high price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, was a reflection of the rising price of crude oil and its...
The Agbara-Seme border section of Lagos-Badagry expressway project will receive N15 billion of NNPC tax credit fund, Federal Controller of Works in Lagos, Olukayode Popoola, has said. Popoola told the News Agency of Nigeria (NAN) in Lagos on Sunday that the intervention funding would fast track the ongoing reconstruction...
About 82 Civil Society Organisations (CSOs) under the aegis of “Civil Society Coalition for Economic Development (CED) have hailed President Muhammadu Buhari over plans to end subsidy regime in Nigeria. The coalition gave the commendation in a seven-point communique issued at the end of a conference of the Coalition...
The Nigerian National Petroleum Company (NNPC) Limited started its activities for the week at the World Bank Nigeria Development Update in Abuja, with a fresh commitment to the ongoing reform in the oil and gas sector in Nigeria. The event which held at the Transcorp Hilton Hotel in Abuja...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known as petrol by 2021. IPMAN’s President, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Friday in Lagos that the Petroleum Industry Act...
The Nigeria National Petroleum Company Limited (NNPC), Gas Aggregation Company of Nigeria (GACN) and Nasarawa State Government have signed a Memorandum of Understanding (MoU) for the supply of gas to industries and investors in Nasarawa State. The MoU for the gas supply was signed on Thursday in Lafia at...
The Nigeria Labour Congress (NLC) has rejected a planned petrol price hike in the country and the Federal Government’s proposal to pay the sum of N5000 monthly to Nigerians as palliative. NLC President, Ayuba Wabba in a statement on Wednesday described the plan of the Federal Government as a...