There is no respite for Lagos residents over the lingering fuel scarcity as Major Oil Marketers Association of Nigeria (MOMAN) has increased the price of petrol to N185 per litre without official notification. The News Agency of (NAN) reports that fuel scarcity persisted on Friday as long queues disrupted...
NNPC Ltd
The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest 1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the approval at its meeting presided over by Vice President Yemi Osinbajo on...
The lingering fuel scarcity is biting harder in Kebbi crippling soci-economic activities, the News Agency of Nigeria (NAN) has reported. Investigation conducted by NAN in Birnin Kebbi and its environs reveals that only few filling stations sell Petroleum Motor Spirit (PMS), otherwise known as petrol, at exorbitant prices. NAN...
The National Security Adviser, Major General Babagana Monguno, has estimated that the Federal Government may lose $23bn in 2023 if crude oil theft continues. He made the comment on Tuesday during the inauguration of a special investigation panel set up to check crude oil theft in the country. General...
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...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) has reassured Nigerians that it has sufficient products in stock and we significantly increased products loading in selected depots and extended hours at strategic stations to ensure sufficiency nationwide. The Executive Vice President, Downstream, NNPC Limited,...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has no intention of increasing the price of Premium Motor Spirit (PMS) during the festive period. The General Manager, Corporate Communications, NMDPRA, Mr Kimchi Apollo said this through an advisory which addressed speculations on the increase...
The Senate has endorsed the N48billion oil pipeline surveillance contract by the Federal Government to Mr Government Ekpemupolo, alias Tompolo, a former Niger Delta militant leader. Sen.Albert Akpan, the Chairman, Senate Committee on Petroleum (Upstream) said this on Tuesday in Abuja, when he spoke with newsmen shortly after presenting...
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 Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges. This is contained in a statement by Mahmood Tukur, Vice Chairman II, Depots and Petroleum Products...
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...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians not to engage in panic buying of petrol, saying it has enough in stock. Mr Farouk Ahmed, the Chief Executive Officer, NMDPRA confirmed this to the News Agency of Nigeria (NAN) in Lagos on Tuesday. Ahmed...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) has informed the public that it has sufficient stock of petroleum products and the public should not give in to panic buying. The Group General Manager, Group Public Affairs Division, NNPC Ltd., Garba Muhammad, said in...
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 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 NNPC Limited started its activities last week on a cheering note as it bagged the Information Systems Audit and Control Association (ISACA) Outstanding Partnership Award. The award was for its robust adoption of technology in its business operations while the Group Chief Executive Officer (GCEO), Malam Mele Kyari...
Malam Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Ltd. says resolving the security challenge in the Niger Delta will bring back investments to the oil and gas sector. Kyari said the NNPC was working with security agencies and other stakeholders to address the issue of...
“Ignorance is an enemy, even to its owner” – Sri Chinmoy Recently, the Federal Government renewed a multi-million dollar pipeline surveillance contract with a former militant leader and commander of the defunct Movement for Emancipation of the Niger Delta (MEND), Government Ekpemupolo, alias Tompolo. It was gathered that the government...