The Nigerian National Petroleum Company Limited (NNPC Ltd) says the positive outcome of Ebenyi-A Exploration Well will increase Nigeria’s hydrocarbon reserves from 37 billion barrels to 50 billion barrels. The NNPC Ltd said the outcome of the campaign would contribute to the aspiration of increasing Nigeria’s crude oil production...
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The Independent National Electoral Commission (INEC), says it plans to meet with the leadership of the Nigerian National Petroleum Company Limited (NNPCL) to ensure adequate fuel supply during the 2023 general election. Prof. Mahmood Yakubu, the Chairman, INEC said this at a consultative meeting with the National Union of...
The Federal Government has described the new Nigerian National Petroleum Company Ltd (NNPC Ltd.) as a new dawn in the quest for growth and development of Nigerian oil and gas industry. Chief Timipre Sylva, Minister of State for Petroleum Resources, made this known on Tuesday at the unveiling of...
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a commercial oil company, limited by shares. The NNPC Limited is expected to be managed as a private energy enterprise unlike...
By JOY ADARA, Abuja – Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC) has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs). Managing Director of NNPCL, Mallam Mele...
The Minister of State for Petroleum, Timipre Sylva has announced that there will be a major investigation to unravel the cause of the unsafe quantity of methanol in petrol imported into the country. He disclosed this on Wednesday during a media briefing after the Federal Executive Council meeting in...
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....
The Integrity Youth Alliance, a Civil Society Organisation has said that the leadership of the senate should be decisive on the proposed removal of subsidy on Premium Motor Spirit (PMS) popularly called Petrol. It said that foot dragging on the subsidy removal was akin to postponing the obvious when...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021. This is contained in the June 2021 figures of the NNPC Monthly Financial and Operations...
President Muhammadu Buhari has suspended the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC). The Secretary to the Government of the Federation, Mr Boss Mustapha, announced this on Tuesday in a statement titled ‘Suspension of Inauguration of Newly Constituted Board Of NNPC LTD.’...