The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the funding from the AFRIEXIM bank headquarters in Cairo. The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and …
Read More »
The Nigerian National Petroleum Company Limited (NNPCL) has further jerked up pump prices of Petrol, known as Premium Motor Spirit (PMS) from 537 to 617 naira Per Litre. Recall that in May a day after President Tinubu was sworn into Power the Nation’s Apex Petrol station increased the fuel price …
Read More »
The Nigerian National Petroleum Corporation Limited (NNPCL) has confirmed an upward review of pump price of petrol. Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, confirmed this in a statement on Wednesday afternoon. NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of …
Read More »
The Nigerian National Petroleum Company Ltd has resumed an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State. The NNPC resumed drilling after it stopped drilling in Wadi-B in 1995 because back then successes were weak and findings made during the period were not …
Read More »
THE funds we have been spending on subsidies could buy us brand new refineries off the shelf. The NNPC awarded homongous contracts for the rehabilitation or refurbishment of our four national refineries, and by the terms of the contract, all the refineries should have been delivered by now However, all …
Read More »
The Northern Youth Council of Nigeria (NYCN) has told the Group Chief Executive Officer of Nigeria National Petroleum Corporation Limited (NNPCL), Kolo Mele Kyari, to step aside to allow for an unfettered probe by the House of Representatives into the payment of N20 billion to a ghost consultant. The group …
Read More »
THE Federal Government yesterday wound up the Nigerian National Petroleum Corporation, NNPC, after 46 years of operation and in its place, the Petroleum Industry Act enabled Nigerian National Petroleum Company Limited, NNPCL, took over as the nation’s oil company. NNPCL was set up in 2021 in line with the Corporate …
Read More »
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 …
Read More »
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, …
Read More »
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 …
Read More »
