THE NNPC Foundation Ltd. has donated 25,000 Science, Technology, Engineering and Mathematics (STEM) text books and mini libraries to 25 secondary schools across the country to bridge gap in technological innovation and advancement. Mrs Emmanuella Arukwe, Managing Director, NNPC Foundation Ltd. said this on Monday during the unveiling 1,000 STEM …
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AS part of its reorganisation, the Nigerian National Petroleum Company Limited (NNPC Ltd) will today name a new Group Chief Operating Officer (GCOO), General Counsel/Company Secretary and two new Executive Vice Presidents (EVP) alongside a few other appointments expected to be announced before the close of business Friday, according to …
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THE Nigeria Extractive Industries Transparency Initiative (NEITI) has urged Mr Bayo Ojulari, the new Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPC Ltd.), to strengthen reforms, transparency and accountability. NEITI urged the new leadership to prioritise timely publication of the company’s financial statements, full disclosure …
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A stock broker Mr David Adonri, has said the anticipated listing of the Nigerian National Petroleum Company (NNPC Ltd.) on the Nigerian Exchange Ltd. (NGX) will unlock global capital and enable it to surpass President Tinubu’s 60 billion dollars investment goal by 2030, The News Agency of Nigeria (NAN) reports …
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THE Nigerian National Petroleum Company (NNPC) Limited has increased the price of Premium Motor Spirit (PMS), fondly called petrol, to N950 per litre, in the Federal Capital Territory (FCT), Abuja. The NNPC Limited also increased petrol price to N925 per litre at its retail outlets in Lagos State. Reports said …
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A new Nigerian crude grade, medium sweet Obodo, is set to enter the market in April. According to Argus Media on Thursday, an independent energy and commodity price benchmarks provider, sources familiar with the development said that Nigeria was steadily expanding its crude portfolio. An assay reviewed by Argus indicated …
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THE Federal High Court (FHC) in Abuja, on Tuesday, dismissed the Nigeria National Petroleum Company Limited (NNPC Ltd’s] objection to a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo, in a ruling, dismissed the objection on the grounds that the …
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THE Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has reaffirmed commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilised to deliver meaningful development in host communities. Mr Seyi Omotowa, Chief Upstream Investment Officer of NNPC Ltd. made the pledge at a stakeholders engagement session …
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THE price of petrol in Nigeria has dropped to N860 ($0.57) per litre, bringing some relief to consumers grappling with high living costs. The decline follows price reductions by the Dangote Refinery, a major local fuel producer, which has adjusted its depot prices twice in February. As reported by Agence France-Presse (AFP), the Nigerian …
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THE Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has commended the NNPC Retail Ltd. for slashing the price of Premium Motor Spirit (PMS), known as petrol from N920 to N875 per litre. PETROAN said the bold move was expected to alleviate the financial burden on Nigerians amidst rising inflation. …
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