The recent disclosure by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, that working with the board, management and staff of the company, his target is to make the entity be among the top 50 among the Fortune 500 Companies in three years, is quite laudable. The NNPC GCEO who made the Read More
The Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC) Abubakar Audi, has warned that henceforth anyone involve in the oil theft will not be spared even as the organisation will apply all the rules necessary for sanctions of all recalcitrant elements. The NSCDC boss assured that the agency will stop oil theft across the country. Addressing a Read More
The Nigerian National Petroleum Corporation (NNPC) limited has settled long-running disputes with Shell Plc, ExxonMobil Corporation, Chevron Corporation, and Equinor after it agreed on a deal to extend production sharing agreements. It was learnt that development came days after NNPC Limited signed a contract extension with the oil majors, prompting the four major oil companies to terminate ongoing litigation once Read More
Conference of Nigeria Political Parties (CNPP) has urged President Muhammadu Buhari to end the inefficiency and endemic corruption in NNPC Limited, formally Nigeria National Petroleum Corporation (NNPC), if Nigeria will ever meet its Organisation of Petroleum Exporting Countries (OPEC) production quota in the near future. The CNPP in a statement signed by its Secretary General, Chief Willy Ezugwu, said that Read More
The Arewa Consultative Youths Movement (ACYM) has said it would not succumb to cheap blackmail, threat and intimidation in it’s call on President Muhammed Buhari to probe the monumental fraud in the Nigerian National Petroleum Company (NNPC) for failing to remit oil money to the Central Bank of Nigeria. The president of the group, Mallam Kabiru Yusuf said in Read More
The African Centre for Justice and Hyman Rights (ACJHR) has urged Nigerians and other stakeholders to hold the Nigerian National Petroleum Corporation (NNPC), and not the Central Bank of Nigeria (CBN), responsible for the rise in forex and drop in revenue generation in the country. In a statement by its Coordinator, Nduka Edede Chinomso, the ACJHR attributed the situation NNPC’s Read More
One common adage is “it is better late than never”! This is exactly what happened to our national cash cow that has been providing the national milk. The establishment of the Nigerian National Petroleum Corporation, NNPC, as a state-owned enterprise, was supposed to be a multinational corporation like its peers like Petronas of Malaysia and Petrobras of Brazil. Initially, when Read More
A total of 184 beneficiaries of the NNPC/Shell Cradle-to-Career scholarship for secondary school students have been migrated to the SPDC JV university scholarship programme in the last five years, Shell’s Head of Corporate Relations for Nigeria, Igo Weli, has said. He added that the beneficiaries are all from the company’s areas of operations in the Niger Delta. “These beneficiaries are Read More
Nigeria is expected to bring down the curtain on the President Muhammadu Buhari reign in the country with a very low-key farewell which is sharply in contrast to the way he was celebrated when assuming office. That’s perhaps for a very good reason considering the much affection Nigerians have shown him which he failed to reciprocate. In fact, that ‘divine Read More
President Muhammadu Buhari, Tuesday unveiled the new Nigerian National Petroleum Company Limited (NNPC), a landmark event that officially changes the oil firm from a wholly state-run entity to a commercial oil company, limited by shares. The NNPC Limited is expected to be managed as a private energy enterprise unlike the former corruption-ridden government organisation. “We are transforming our petroleum industry Read More
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has been confirmed dead. His second term at OPEC was scheduled to end on July 31, 2022, just President Muhammadu Buhari on Tuesday July 5 commended him for making Nigeria proud throughout his stay at OPEC. However, the Group Managing Director of the Nigerian National Petroleum Company Read More
Joint Venture (JV) business in the name of WAGL Energy Limited, operated by the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has announced plan to develop and construct jetties across West African countries to boost the supply and penetration of Liquefied Petroleum Gas (LPG) in the sub-region. The Managing Director, WAGL Energy Limited, Emmanuel Ubani, revealed this in Read More
The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has attributed the current energy crisis to the Ukraine and Russia war which resulted in the increase of petroleum products. Kyari who made this known before the House of Representatives Joint Committee on Petroleum Resources (Downstream), investigating the increase in prices of diesel and cooking Read More
A group, ‘PMB’s Oil And Gas Progress ‘, has condemned a planned protest slated for Tuesday against NNPC. The group in a statement released on Monday evening by its national coordinator, Shehu Magaji, said the protest was uncalled for, needless and a total distraction meant to put the country in avoidable chaos. The group noted that the protest is sponsored Read More
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Melee Kyari, has revealed that the ongoing rehabilitation of the Port Harcourt refinery would be completed by November 2023. Kyari stated this when he appeared before the House of Representatives Ad-hoc Committee headed by Ganiyu Johnson in Abuja recently. The NNPC chief, who was represented at the meeting Read More
The Federal Executive Council (FEC) has given approval for the NNPC to enter into an agreement with ECOWAS for the construction of the Nigeria-Morocco Gas Pipeline. Minister of State for Petroleum Resources, Timipre Sylva, briefed State House correspondents after the FEC meeting presided over by Vice President Yemi Osinbajo Wednesday at the Presidential Villa, Abuja. Sylva said the project was Read More
The Nigerian National Petroleum Company Limited (NNPC) and energy infrastructure conglomerate, Sahara Group today took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s transition to cleaner fuels. The new vessels, MT BARUMK and MT SAPET have increased Read More
The new Nigeria National Petroleum Corporation (NNPC) Ltd is set to be unveiled by President Muhammadu Buhari on July 2022, according to the pioneer CEO of the National Oil Company, Mal. Mele Kyari. Mr. Kyari made this revelation on Tuesday day while receiving the Award of LEADERSHIP Newspapers Group CEO of the Year 2021, which was held at the ICC, Read More
A large crowd of supporters led by a Northern Solidarity Group Monday besieged the Nigerian National Petroleum Corporation (NNPC) Towers to asked the Ministry of state for Petroleum, Chief Timipre Sylva, to contest the ticket of the ruling All Progressives Congress (APC) for the president. The group also presented an Expression of Interest and Nomination forms for the Minister. The Read More
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says sudden appearance of fuel queues in parts of Abuja is due to low load-outs at depots. A statement by Garba Muhammad, Group General Manager, Group Public Affairs Department, NNPC Monday, said this usually happened during a long public holidays, hence the Sallah celebrations. Muhammad said another contributing factor to the sudden Read More
The Nigeria National Petroleum Company Limited (NNPCL) has said the long sallah celebration was responsible for the mild queues in the federal capital territory. Fuel queues resurfaced at the weekend in the FCT. This is after motorists in the city endured a hallowing three months of fuel scarcity with black marketers having a field day. According to the Garba Deen Read More
The Economic and Financial Crimes Commission (EFCC) has said it would appeal the ruling by Justice Ahmed Mohammed of the Federal High Court, Abuja, quashing the money laundering charges against a former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu. A press statement by EFCC Head, Media & Publicity, Wilson Uwujaren, Thursday in Abuja, said Yakubu Read More
The Federal High Court sitting in Abuja Thursday acquited and discharged former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu. Justice Ahmed Mohammed gave the verdict while delivering his judgment on the matter. Before the recent pronouncement, Yakubu was facing a money laundering charge instituted against him by the Economics and Financial Crimes Commission (EFCC) Read More
Eni, through its Nigerian subsidiaries Nigerian Agip Exploration (NAE) and Agip Energy & Natural Resources (AENR), and the Food and Agriculture Organization of the United Nations (FAO) have commissioned 11 water schemes in Borno and Yobe States, North-East Nigeria. The integrated water schemes – comprised of boreholes, solar power systems, treatment facilities and fetching points – provide water for domestic Read More
A petroleum engineer with the Nigeria National Petroleum Company(NNPC) Limited, Ms Asabe Waziri, has said she would not succumb to any form of intimidations from a Property Development Firm, Abbey Signature Ltd. Waziri spoke through a lawyer via letter served Blueprint Newspaper Limited over a report on a property that had caused a row between her and Abeh Signature. Relying on a court judgement, Blueprint reported Read More
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