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...
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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...
The Nigerian National Petroleum Company Ltd. (NNPCL) has assured that projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable. The Group Chief Executive Officer (GCEO) of the Company, Mr Mele Kyari, gave the assurance during an interactive session with the Senate...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited to “promptly publish details of barrels of oil Nigeria produces and exports every day and the total amounts of...
The Nigerian National Petroleum Company Limited (NNPCL) has discovered over 4,800 illegal connections on oil pipelines in the country in what is a grim picture of the country’s major income earner. “We have over 4,800 illegal connections on our pipelines. That means in some lines, within 100 kilometres...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed two major agreements to deliver Liquefied Natural Gas (LNG) to the domestic gas market and the international LNG market. Held on the sidelines of the UN Climate Change Conference (COP28), NNPC Ltd. signed a Memorandum of Understanding (MoU)...
Tantita Security Services Nigeria Ltd., a private security contractor with the Nigerian National Petroleum Company (NNPC) Ltd., has said its activities in combating crude oil theft have saved Nigeria over $43.2 million daily. The Executive Director, Tantita Security Services Nigeria Ltd., Capt. Warredi Enisuoh, said this at the...
The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPC) Limited, Alhaji Mele Kyari has assured that in three months the country would not experience fuel queues. Kyari said this when he paid a courtesy visit to the leadership of the Senate. He said that the...
The Senates has approved the 2022-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) of President Bola Tinubu. This followed the adoption of the report of its Joint Committee on Finance, Appropriation, National Planning, Local and Foreign Debts at plenary on Wednesday. Presenting the report, Sen.Sani...