The Nigerian National Petroleum Company Limited (NNPC Ltd), is set to spud the first Oil Well in Nasarawa State in March 2023, in continuation of its oil exploration activities in the Country’s inland basins. The Group Chief Executive Officer of the Company, Malam Mele Kyari, disclosed this when the...
Mele Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disbursed N15 billion for the reconstruction of the Lagos Badagry Expressway under the Federal Government Road Infrastructure Tax Credit (RITC) Scheme. The N15 billion represents a 100 per cent payment of the funding of the Lagos-Badagry road rehabilitation under the...
The Group Chief Executive Officer of Nigerian National Petroleum Company Ltd. (NNPC), Mr Mele Kyari, on Thursday inspected the ongoing construction of Bida-Lambata road in Niger State. Kyari inspected the project along with the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Nami. He commended President...
The Nigeria-Morocco Gas Pipeline Project (NMGP) has attained another milestone following the signing of a Memorandum of Understanding (MoU) on the project by Nigeria, Morocco and five West African Countries. The Nigeria National Petroleum Company Limited (NNPC Ltd), Morocco’s ONHYM and the National Oil Companies and commercial entities of...
Yoruba Council of Youth Worldwide (YCYW), on Thursday tasked the Nigerian National Petroleum Corporation (NNPC) Ltd, on ending reoccurring fuel scarcity in the country. Aare Hassan, President-General, YCYW, said this at a news conference in Abuja. “I wrote a letter to Mr Mele Kyari, the Chief Executive Officer, NNPC...
The Independent Petroleum Marketers Association of Nigeria (lPMAN), says subsidy on Premium Motor Spirit, popularly known as petrol, is no longer sustainable. Mr Mike Osatuyi, the National Operations Controller of lPMAN, in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos, condemned payment of subsidy...
The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC Ltd), Mr Mele Kyari, has said that he is receiving death threats as a result of the ongoing reformation in the NNPC. Kyari made this know on Wednesday in Abuja at the Legislative Transparency and Accountability summit...
Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, on Saturday, queried the volume of Nigeria’s daily consumption of Premium Motor Spirit also known as petrol. Sanusi described as unbelievable the claim by the Nigerian National Petroleum Company (NNPC) Limited that Nigeria consumes 66 million litres of...
About 58 illegal oil points have been discovered so far since the operation to end oil theft on the waterways of Delta and Bayelsa states began Ex-militant leader, Government Ekpemupolo also known as Tompolo, said this in a press briefing at Oporoza on Sunday where he also gave an...
PATRICK ABANG Calabar – Against the backdrop of poor roads infrastructure in Nigeria, The Chairman, Senate Committee on Federal Roads Maintenance Agency (FERMA), Senator Gershom Bassey has called on the presidency to clear the N1 trillion owed the agency as backlog, adding that the agency needs about N300 billion...
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it has deactivated 395 illegal refineries in its efforts to curb oil theft in Nigeria. Mr Mele Kyari, the Group Managing Director, NNPCL, said this at a meeting with Senate ad hoc committee on oil theft in Nigeria. Kyari,...
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...
The Nigeria National Petroleum Company (NNPC Ltd) is collaborating with the Office of the Vice President on establishment of Gas Funding Company Ltd for injection of 20 million cylinders in the next five years. The NNPC Ltd said the company’s establishment, which involved collaboration of other relevant stakeholders and...
Chief Timipre Sylva, Minister of State for Petroleum Resources, says there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the...
Malam Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has urged investors to take advantage of the enormous business potentials in the Nigerian energy sector to invest in the country. Kyari, at the Nigerian – Indian Business Forum in Abuja,...
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 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...
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this on Monday, when he paid a courtesy visit to Gov. Hope Uzodimma of Imo at the Government House, Owerri. He described the...