Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a floating production, storage...
NNPC
By DAVID IORJA, Abuja- President Bola Tinubu has condoled with the Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari over the death of his daughter. Kyari’s daughter, Fatima, died on Friday at the age of 25 after protracted illness. The President in...
By MBAFAN ADE, Abuja – Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has refuted the claim that he directed the Nigerian National Petroleum Company Limited (NNPCL), to stop running its own refineries and focus solely on equity participation in other refineries is false. “This does not represent...
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Company (NNPC) Ltd/ Seplat Energy Joint Venture (JV) partnership has conducted a medical outreach, providing free eye health services to individuals with visual impairments in Ohaji/Egbema community of Imo State. Chief Corporate Communications Officer of the company, Olufemi Soneye, who...
More partners are lining up for the eighth annual conference of the Guild of Corporate Online Publishers (GOCOP) with the Nigerian National Petroleum Company Limited (NNPCL), Nigeria LNG Limited (NLNG), Federal Inland Revenue Service (FIRS), Delta State and Lagos State, as well as the Joint Admission and Matriculation Board...
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has said Oando’s acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC) would ramp up crude oil production to two million barrels per day (bpd). The minister said the Oando company has already increased production to more than 30,000 bpd...
No fewer than 6575 people benefitted from an eyecare outreach held in Bariga Local Council Development Area (LCDA) of Lagos State, August 26—30, as part of the Vision First Plus programme of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo). Beneficiaries from within and outside the...
Dangote Refinery has finally launched its Premium Motor Spirit (PMS), also known as petrol, after over a year of its inception in May 2023. The refinery’s 650,000 barrels per day facility rolled out its first batch of high-quality petrol, promising a new era of fuel efficiency and engine longevity...
The Nigerian National Petroleum Company Limited (NNPC Ltd) is experiencing financial strain, which has put considerable pressure on the company and poses a threat to the sustainability of fuel supply. Mr Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, made this known in a statement on Sunday, acknowledging...
By OLA MODUPE, Lagos – The NNPC Ltd has flagged off the third edition of the Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at the Ilaje community and its environs in Bariga, Lagos State. The Vision First programme is a continuation of NNPC Ltd/ SNEPCo...
Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri has pointedly addressed the issue of fuel smuggling to neighbouring countries, saying that smugglers would continue to have a field day as long as the Nigerian National Petroleum Company (NNPC) Limited imports fuel and sells it below the landing cost....
The profit declared by the Nigerian National Petroleum Company Limited (NNPC Ltd.) will spur major investors to take advantage of its Initial Public Offer (IPO) when announced. An economic expert, Dr Sand Mba-Kalu, said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja....
he Nigerian National Petroleum Company Limited (NNPC), has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the Federal Government’s aspirations in the frontier basins. “The company has been actively drilling in basins in and around Northern Nigeria,...
A leading academic has identified the targeted investments in education by the Shell Petroleum Development Company (SPDC) Joint Venture as a catalyst for addressing Nigeria’s energy challenges. Professor Anene Moneke, Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in Environmental Management and Green Energy (CEMAGE) and holder of...
The Arewa Consultative Forum (ACF) has voiced its concern over the ongoing national and international controversies surrounding the Dangote Petroleum Refinery and Petrochemicals Industrial Free Zone Enterprise (DPRPI). This is contained in a statement by by Prof. Tanko Muhammad -Baba, ACF’s National Publicity Secretary, issued on Monday in Kaduna...
By MBADAN ADE, Abuja – …Targets 2mbpd Crude Oil Production by Dec 2024 The Nigerian National Petroleum Company (NNPC) Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of...
he House of Representatives has threatened to sanction agencies and companies that failed to appear before the committee in the probe of loss of 60 billion dollars by the federal government. The amount is an inflated cash calls by the Nigerian National Petroleum Company Ltd. (NNPCL) Joint Venture...
By ARMSTRONG ALLAHMAGANI, Bauchi – The Bauchi State Government would spend N100 million for the engagement of youth in computer programming and Artificial Intelligence. This is as earmarked in the 2024 budget of the state. This was disclosed by Governor Bala Mohammed, in his speech while inaugurating a...
Minister of State, Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has called for more investments in the oil and gas industry to ramp up production and boost foreign exchange earnings. Lokpobiri made the call on Tuesday at the Nigerian Oil and Gas (NOG) Energy Week currently holding in Abuja. The...
By AUSTINE TSENZUGHUL, Bauchi – National Association of Nigerian Students (NANS) has warned that Nigeria would be shut down if their demands to ameliorate nationwide economic hardship are not met. The students are kicking against what they described as “skyrocketing prices of essential commodities” nationwide. The...