A group under the umbrella of Greater Nigeria Professionals (GNP) has commended the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mele Kyari, for being honoured with the “The Sun Man of The Year Award 2022” for the second consecutive time. Mele Kyari was at the weekend honoured with the award in Lagos. The group Read More
The Petroleum Tanker Drivers Branch of National Union of Petroleum and Natural Gas Workers, (PTD-NUPENG) has threathened another strike over what they described as illegal activities and high-handedness of security agents, particulalrly the Military Task Force operating in the Port Harcourt zone of the Union. This may, however, lead to a full-fledged fuel scarcity across the country. National Chairman of the PTD- Read More
The Citizens United Against Subversion (CUAS), and Coalition for Peace In Nigeria (COPIN) have commended the Department of State Services (DSS) over the ultimatum it handed yo players in the oil and gas sector, which they noted, led to the easing of fuel scarcity Abuja and other major cities in the country. Recall that the DSS had, in the wake Read More
A citizens-led anti-sabotage group on the aeges of The Natives has said it will do everything possible to defend Nigerians from being shortchanged by some cartels in oil sector, hence it will for a monitoring body across the country against saboteurs. It, however, commended the management of the new Nigerian National Petroleum Company Limited (NNPCL) led by Mele KyarI, for Read More
A Civil Society Organisations (CSO) on the aiges of the Natives, has commended the Department of State Services (DSS) over the recent intervention to end artificial scarcity of fuel by the marketers across the country. The group said the DSS intervention has been productive and drastically reduced the hardship motorists were going through as a result of long queues in Read More
The Chief Executive officer of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has said that it’s company will provide additional N1tn for road projects in the country. Kyari made the announcement in Lagos on Thursday, December 8, during a tour of the construction exercise ongoing at the Agbara-Badagry road project. He said the N1tn would be invested on road projects Read More
In a bid to forestall break down of law and order following protracted fuel scarcity into the country the Director General, Department of Security Service (DGSS), Yusuf Bichi, has given the Nigeria Nationa Petroleum Company LTD and other statekholders in the Petroleum mid stream and down stream 48 hours ultimatum to ensure free flow of supply of products to all Read More
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation Limited (NNPCL) and CNL announced it has secured a $1.4 billion financing to fund the NNPC/CNL JV infill drilling programme between 2022 to 2026. The financing arrangement was executed on Wednesday November 30, 2022. General Manager Policy, Government and Public Affairs, E.O. Brikinn, in a Read More
The Nigerian National Petroleum Company (NNPC) Limited and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have differed on the actual cause for the ongoing fuel scarcity in some parts of the country. In the last few days, many Nigerians have been grappling with petrol scarcity as queues have surfaced in filling stations across the country. Some stations sell petrol Read More
The failure of the Nigerian National Petroleum Company (NNPC) to fully cover the country’s share of production costs has threatened the country’s ability to produce oil and gas and also the supply of electricity. According to the November 2022 World Bank Public Finance Review on Nigeria, this failure resulted in declining oil and gas production in joint venture (JV) operations. Read More
Oil and gas industry watchers are hailing the giant strides in the sector since the coming on stream of the Petroleum Industry Act. They are particularly impressed with the role of the newly repackaged corporate leader on the sector- the NNP Company- and its chief regulatory engine room, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in providing the robust backbone Read More
On November 9, 2022, a former member of the Senate from 1999 to 2007, Ifeanyi Godwin Araraume, approached a federal high court in Abuja, with a suit challenging his removal as non-executive chairman, Board of the newly-incorporated Nigerian National Petroleum Company (NNPC) Limited. Araraume joined in the suit, the President Muhammadu Buhari and the NNPC Limited as first and second Read More
The Nigerian National Petroleum Corporation (NNPC) Group Treasurer, Malam Isyaku Abdullahi has predicted a rosy future for the refining of petroleum products during a panel discussion on the emerging Trends on Africa’s Fuel Markets and the Future of Refining in Lagos. Abdullahi said the oil demand in Africa stood at an average of 4.36 million barrels per day in 2022. Read More
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
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