Nigerian National Petroleum Company Limited (NNPCL) has allocated petrol to marketers directly to ease scarcity. The Independent Petroleum Marketers Association of Nigeria (IPMAN) made the disclosure on Tuesday. The President, Chinedu Okoronkwo said the order was issued after a closed-door meeting of both parties. It was agreed that IPMAN members …
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EXECUTIVE Chairman FIRS, Muhammad Nami, on Thursday joined the Group CEO NNPC Limited, Mele Kolo Kyari on a visitation exercise to the Bida-Lapai-Lambata Road which is being reconstructed by the NNPC under the Road Infrastructure Tax Credit Scheme. The visit was graced by the Etsu Nupe, HRH Alh. Yahaya Abubakar, …
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The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday announced that the NNPC as a corporation grew its profit after tax from N287bn in 2020 to N674bn in 2021. Kyari, who disclosed this at a press conference in Abuja, said the 2021 profit was contained …
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A coalition of Northern Youths have said that insecurity doesn’t respect tribe or religion, endorsing the award of pipeline security contract to ex-Niger Delta militant, Government Ekpemupolo, popularly known as Tompolo, by the Nigerian National Petroleum Company (NNPC Ltd). According to the Northern Youths, they were in support of the …
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The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the Bonny – Bodo Road, in Rivers …
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The News Agency of Nigeria (NAN) reports that the launch held in Abuja on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and …
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The minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Nigerian National Petroleum Corporation (NNPC) that was formally transited to a private limited company by President Muhammadu Buhari this week, has not been privatized. Group Managing Director of NNPC Limited, Mele Kyari, had announced that NNPC …
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THE subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 has risen to N675.93bn, the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday showed. Also, the NNPC has informed the Federation Account Allocation Committee that it will deduct or recover N671.88bn from …
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The House of Representatives, on Thursday, has said nobody will be sanctioned for the supply of adulterated Premium Motor Spirit, otherwise known as petrol, which caused a major crisis in Nigeria’s fuel chain and untold hardships on Nigerians. At the plenary on Thursday, the House considered and adopted the reviewed …
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The Nigerian National Petroleum Company Limited is to deduct N242.53bn as subsidy on Premium Motor Spirit, popularly called petrol, from the Federation Account this month. Although it described the proposed subsidy deduction as a value shortfall, the oil firm stated that the fund would be recovered from February 2022 proceeds …
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