Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured investors that Nigeria is safe for investment. Edun said this at the Nigeria Investment Forum, at the ongoing World Bank/International Monetary Fund (IMF) Meetings in Washington D.C. on Wednesday. According to the Minister, efforts are geared...
NNPC
The Federal Government has said its naira-for-crude initiative with local refineries is not a temporary measure but a “key policy directive designed to support sustainable local refining”. The government also said the initiative is still in effect and will continue immediately, overruling the decision of the NNPCL under its...
Ordinarily, President Bola Tinubu’s reconstitution of the governing board of the Nigerian National Petroleum Company (NNPC) Limited should inspire hope for positive changes in the country’s beleaguered petroleum sector, but for critics and many Nigerians, it is a wait-and-see response. An official government statement on 2nd April 2025, said the move...
Officials of the Ogun State Government and community leaders hailed Shell Nigeria Gas (SNG) and NNPC Gas Marketing Limited (NGML) for their partnership in the reconstruction of a key community road that was commissioned on Thursday (April 3) in Ado – Odo Otta Local Government Area. The 4.5km Ilogbo...
By JOY ADARA, Abuja – The Management and staff of NNPC Ltd. have welcomed the appointment of a new Group Chief Executive Officer, Mr. Bayo Ojulari, and Board of Directors for the Company by President Bola Ahmed Tinubu. This is contained in a statement issued on Wednesday by the...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has commended the Nigerian National Petroleum Company Limited (NNPC Ltd.), for successfully running the revamped Port Harcourt Refinery for 180 days non-stop National Public Relations Officer, PETROAN, Dr Joseph Obele, who gave the commendation in a statement on Tuesday,...
By JOY ADARA, Abuja- The Nigerian National Petroleum Company Limited (NNPC Ltd.) has debunked reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The Chief Corporate Communications Officer, Olufemi Soneye, debunked the report in a statement issued on Wednesday in Abuja. He clarified that...
By BARBARA KALU, Yenagoa – NNPC Limited has reaffirmed its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilized to deliver meaningful development in host communities. This pledge was made during a stakeholder engagement session held with the KEFFESO Host Communities Development Trust...
A former federal lawmaker, Chief Sam Onuigbo, has called on Nigerian National Petroleum Company Limited (NNPCL) to release more funds for the completion of Umuahia-Ikwuano-Ikot Ekpene which links Abia and Akwa Ibom. Onuigbo, who represents South-East in the Governing Board of North East Development Commission, made the call on...
The Senate has expressed concern over consistent failure of some critical revenue generating agencies to respond to expenditure queries raised by Office of Auditor-General for the Federation, (OAGF). It also vowed to report and recommend sack of the chief executives of such agencies to President Bola Ahmed Tinubu for...
By MARY RONKE, Minna – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has extended its heartfelt condolences to the victims of the tragic petrol tanker explosion that occurred at Dikko-Maje Junction along the Abuja-Kaduna Road in Suleja Local Government Area of Niger State on Saturday. This devastating incident...
The Nigeria National Petroleum Company (NNPC) Foundation has commenced its free cataract extraction surgery for 1000 people in states in the South-West region. The News Agency of Nigeria (NAN) reports that the screening for the surgery began on Dec. 16 while the surgeries commenced on Monday. Speaking with NAN,...
By OLA MODUPE, Lagos – The Lagos State School Chess Championship, powered by NNPC-SNEPCo in partnership with Chess in Slums Africa (CiSA), led by founder Tunde Onakoya, took place on November 30, 2024. The event brought together 30 teams from secondary schools across Lagos and participants from the Chess...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said that its crude oil production figures tallied with that of the Nigerian Upstream Petroleum Regulatory Company (NUPRC). Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, stated this in a statement on Monday. Soneye gave the clarifications against the...
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has officially unveiled its latest crude oil grade, the Utapate crude oil blend to the international crude oil market. The Managing Director, NNPC E & P Ltd. (NEPL), Mr Nicholas Foucart, on Wednesday, at Argus European Crude Conference, in London described...
The newly appointed Director-General, Plenipotentiary and Liaison Affairs Abuja, Dr Jimmy Ajim, formally resumed duties on Tuesday at the Benue State Liaison Office in Asokoro, with an appeal to all staff to embrace the spirit of team work in order to achieve the desired results. Dr. Ajim, whose appointment was approved by...
Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Liquefied Petroleum Gas (LPG) producers to stop LPG export with effect from Nov. 1. Ekpo issued the directive on Tuesday in Abuja at a meeting with stakeholders to address...
By TOR BAAKA, Makurdi – Governor Hyacinth Alia of Benue State, has approved the appointment of Dr. Jimmy Terhemen Ajim, as the Director-General, Plenipotentiary and Liaison Affairs, Abuja. Chief Press Secretary to the Benue State Governor, Sir Tersoon Kula, a graduate of Kingston University, London and Zug University, Switzerland,...
Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a floating production, storage...
By DAVID IORJA, Abuja- President Bola Tinubu has condoled with the Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari over the death of his daughter. Kyari’s daughter, Fatima, died on Friday at the age of 25 after protracted illness. The President in...