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...
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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...
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged media, stakeholders and the general public to maintain uniformity in the use of its brand name and logo. This is contained in a statement issued by its Chief Corporate Communications Officer, Olufemi...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has provided insight into how the lingering Russia – Ukraine war impacted Nigerian crude oil inflows in the international oil market. The NNPC Ltd said this led to a dip in demand from the once-dependable Asian market at the onset...
The Nigerian National Petroleum Company (NNPC) Ltd has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe crude blend produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint...
By OLA MUDOPE, Lagos – The Nigerian Navy Ship (NNS) BEECROFT has discovered and halted the siphoning of petrol from one of NNPCL’s pipelines at Atlas Cove, Lagos. Commander, NNS BEECROFT, Commodore Kolawole Oguntuga said this in a statement issued by its spokesperson, Sub.-Lt. Happiness Collins...
By EZEKIEL OBI, Abuja – The Coalition of Civil Society Organisations in Nigeria (COCSON) and the Bloggers and Vloggers, Content Creators Association (BAVCCA) have kicked against the planned protest by 1000 lawyers and various ethnic and Civil Society Organizations (CSOs) groups concerning the recent fuel hike and...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with the Nigerian Content Development and Monitoring Board (NCDMB) and International Oil Companies for optimal contracting cycle in the industry. The MoU will implement industry framework, focused on processes and timelines for achieving...
By DAVID IORJA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that over US$15 billion of oil revenues, and N200 billion budgeted to repair the refineries are missing and...
The Nigerian National Petroleum Company (NNPC) Limited. has signed up as a participant of the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. Group CEO of NNPC Ltd., Malam Mele Kyari,, signed the Letter of Commitment, at the ongoing UN General...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya-Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled on Monday in Abuja. According to Ogbonnaya Orji,...
The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace. Ribadu confirmed this when he led a presidential delegation to inspect oil and gas facilities at Owaza...
Financial economists are worried about the three billion dollars crude oil repayment loan secured by the Nigerian National Petroleum Corporation Ltd., to prevent the Naira from slumping further. The experts expressed their worry in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos. ...
A member of the People Democratic Party (PDP), National Presidential Campaign Council, Adetokunbo Pearse, says Nigerians have a right to know the actual landing cost of Premium Motor Spirit (PMS). Dr Pearse, speaking on Channels Television’s Sunrise Daily on Monday stated that a thorough scrutiny should be carried out on...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Banagana Umara Zulum, has approved the release of N80m grant for use by Guwori Islamic Academy, a charity institution that provides education to children mostly from low income families. Zulum announced the approval on Sunday at the graduation ceremony of...