Home Posts tagged NNPC

Stakeholders working to prevent further PMS price hike – Tinubu Media Aide

By Saadatu Albashir President Bola Tinubu and industry stakeholders have taken a definitive stance, asserting that the existing fuel pricing structure will remain unchanged. Ajuri Ngelele, the spokesperson for President Tinubu, said stakeholders were proactively tackling inefficiencies, that seek to pre-empt the need for a price increase while also fostering a level Continue Reading

Petrol price will eventually drop- NNPC

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, NNPC, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as […]Continue Reading

NNPC Strikes Oil in Nasarawa

The Nigerian National Petroleum Company Limited has announced the discovery of oil in Nasarawa State, saying it will spud the first oil well in March 2023. It said the discovery was in continuation of its oil exploration activities in the country’s inland basins. NNPC’s Group Chief Executive Officer, Mele Kyari, announced the discovery and the […]Continue Reading

NNPC, Daewoo Sign MoU on Kaduna Refinery

The Nigerian National Petroleum Company (NNPC) Ltd has signed a memorandum of understanding (MoU) with Daewoo Group, a South Korean conglomerate, for the rehabilitation of the Kaduna refinery. According to a statement by Femi Adesina, special adviser to the president on media and publicity, the agreement was signed on the sidelines of the 2022 World […]Continue Reading

PMB Attends Unveiling of NNPC Limited in Abuja

President Muhammadu Buhari has officially unveiled the Nigerian National Petroleum Company Limited, in line with the provisions of the Petroleum Industry Act, 2021. The unveiling, which took place earlier on Tuesday at the State House, Abuja, was aimed at promoting transparency, accountability and energy security. President Buhari described the unveiling as a landmark Continue Reading

FG Gives Go Ahead on Morocco-Europe Gas Pipeline

FG Directs NNPC To Implement ECOWAS-Morocco-Europe Gas Pipeline The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco. Africa’s gas resources are increasingly in the spotlight as the European Union looks to wean itself off Russian supplies following the invasion of Ukraine […]Continue Reading

Ogun Partners UK, South Africa On Forest Reserve

Ogun State Government is collaborating with the United Kingdom and the South African Government to create a Forest Reserve in Ijebu-East Local Government Area of the State.  The State Governor, Prince Dapo Abiodun who made this known while addressing the people of Ijebu East Local Government, said his administration would also work with Nigerian National […]Continue Reading

Ilé Ìgbìmọ̀ Asòfin Àpapọ̀ Kejì Ti Ń Tanná Wo Àbá Ìsúná Àjọ NNPC Lorí Ẹbu Ìfọpo

Pẹ̀lú bí ìjọba àpapọ̀ seń fikun iye jálá epo àti àwọn èròjà tó rọ̀ mọ, ilé ìgbìmọ̀ asòfin ńfẹ́ kí wọ́n wá sọ bí wọ́n ti náà owó tó lé ní billiọnu mẹ́fàlélọ́gọ́ta naira tó wà nínú àbá ìsúná fún síse isẹ́ àkànse àtúnse àjọ tón mójútó epo rọ̀ọ̀bì NNPC, nínú àbá ìsúná ọdún 2021. […]Continue Reading
News Analysis

Examining the Proposed Reforms in Revenue Generating Agencies

As a way of addressing the country’s dwindling economy and heavy debt burden, the federal government moved to boost its resources by directly taking control of revenue management of its ten most lucrative enterprises. These enterprises include Nigerian National Petroleum Corporation, NNPC, Nigerian Ports Authority, NPA, Nigeria Maritime Administration and Safety Agency, Continue Reading

Fire Razes NNPC Depot in Ibadan

Loading gantry of the Nigeria National petroleum corporation, NNPC, Depot Apata Ibadan has been razed by fire.  The Fire disaster which reportedly lasted for over an hour started around noon and left three tankers and some loading islands burnt. Attempts to uncover the cause of the incident was frustrated by officials of NNPC as they harassed journalists Continue Reading