The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) doing business in Nigeria has left as against insinuations. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, gave the clarifications during the inauguration of the ongoing Nigeria International Energy Summit (NIES 2024), at...
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By JEROME-MARIO UTOMI, Asaba – A group of Non-Governmental Organizations (NGOs) and Media Professionals have appealed to His Excellency, Bola Ahmed Tinubu, President, Federal Republic of Nigeria, the Nigerian National Petroleum Company Limited, NNPCL, to end gas flaring in Ubeji Community, a sleepy Satellite community located around the...
By JOY ADARA, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any meaningful success without energy security. The GCEO stated this in a presentation at the Ministry of Finance Incorporated...
The Biennial Sports Fiesta of the Nigeria National Petroleum Company Limited (NNPCL) has opened in Abuja on Sunday with athletes from the company’s three zones participating. The athletes will compete for laurels in football, basketball, volleyball, chess, squash, scrabble, 8-ball pool, golf, tennis, table tennis, badminton, swimming and Athletics....
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.”...
Partner, Bloomfield Law Practice, Dr Ayodele Oni, has said the plan to domicile crude oil sales account with Central Bank of Nigeria (CBN) will help in promoting accountability and transparency. Oni made the observation in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos....
By MBAFAN ADE, Abuja – In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets, the Company has announced the successful commencement of oil production from the Akpo West Field. The milestone,...
President Bola Tinubu has ordered the Attorney-General of the Federation, Lateef Fagbemi to clear court cases on 1.3 billion dollars deepwater OML 245 oil block in Niger Delta. Others that received the directive are the Minister of State for Petroleum Resources, Heineken Lokpobiri, and the Economic and Financial Crimes...
L The Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment. The EITI’s Deputy Executive Director, Mr Bady Baldé , made this known when he led an EITI delegation to the Group Chief...
By EZEKIEL OBI, Abuja – The Nigerian Navy (NN), has denied the involvement of the Chief of the Naval Staff (CNS), Vice Adm. Emmanuel Ogalla in any multi-billion naira fraud. The Naval spokesman, Rear Adm. Adedotun Ayo-Vaughan, who disclosed this in a statement on Saturday, said the allegation is...
By MBAFAN ADE, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability. Kyari made this call...
The Chief of Defence Staff (CDS), General Christopher Musa, in company of top officials of the Nigerian National Petroleum Company (NNPC) Limited on Monday, inspected a vessel caught with about 200,000 litres of stolen crude oil. The vessel was arrested by a joint sting operation carried out by...
African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A second tranche of US$1.05 million is expected to be disbursed subsequently. United...
The Nigerian National Petroleum Company (NNPC) Limited has gifted N200,000 Premium Motor Spirit (PMS) voucher to a lady identified as ‘Mummy Zee’ after being mocked online for waking up to cook for her husband at 4:50 a.m. NNPC Ltd. disclosed this on Saturday in a tweet shared...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited has debunked media reports alleging that it had a dispute with Independent Petroleum Marketers Association of Nigeria (IPMAN) over payment subsidy on Premium Motor Spirit (PMS). Recalled that some media houses (Not NATIONAL ACCORD) had...
By JOY ADARA, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has sued the Nigerian National Petroleum Company (NNPC) Limited over Nigeria’s daily oil production as well as revenues raked in since the removal of the fuel subsidy. In the suit number FHC/ABJ/CS/1719/2023 filed last Friday...
By BARBARA KALU, Port-Harcourt – The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work has been ongoing at the Refinery for over two years and...
By MBAFAN ADE, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd., Mr. Mele Kyari, has said that the company will utilise Nigeria’s abundant gas resources to revolutionize the nation’s power and industrial sectors. Kyari disclosed this during a signing ceremony...
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024. Chief Pius Akinyelure, Non-Executive Board Chairman of NNPCL, stated this while briefing State House Correspondents shortly after...