THE Nigerian National Petroleum Corporation (NNPC) has requested a permanent presence at the Dangote Refinery. Vice President (Oil & Gas) of Dangote Group, Devakumar V.G. Edwin, who disclosed this on Thursday, said the national oil company has also requested office space. This is aimed at ensuring that crude supplied to …
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THE Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA). Speaking on TVC …
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THE Vice President, Kashim Shettima, on Thursday met with the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari and the National Security Adviser (NSA), Nuhu Ribadu over the recent increase in the price of petrol in …
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The May 29, 2023 announcement by President Bola Tinubu ending the regime of subsidy on petrol thrust on the Nigerian National Petroleum Company Limited (NNPCL) additional financial burden, an investigative report by Platforms Africa, a news website dedicated to coverage of issues in the oil and gas industry, has disclosed. …
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Videos showing tricycle operators in Ilorin, Kwara State protesting on Thursday against the hike in fuel price by the Nigerian National Petroleum Company (NNPC) Limited, are trending on social media. In the videos, tricycle Operators were seen venting out their frustrations against the fuel price increase, in Yoruba language. Watch …
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●Pledges continued support for the federal government’s ambition in frontier regions THE Nigerian National Petroleum Company Limited (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the Federal Government’s aspirations in the frontier basins. “The company has …
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THE Chief Executive Officer of Cowry Assets Management Ltd, Johnson Chukwu has said that the dividend and taxes paid by the Nigerian National Petroleum Company Ltd will reduce the financial burden of the federal government. Chukwu said this in response to the record performance of the state-owned company after it …
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THE Nigerian National Petroleum Company Limited (NNPC Ltd.) said on Monday that it hadn’t paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya, made the clarifications in Abuja. Ajiya said NNPC Ltd. was only handling Premium Motor Spirit …
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PRESIDENT Bola Tinubu has approved the request by the Nigeria National Petroleum Company Limited (NNPCL) to use 2023 dividends to pay petrol subsidy. The 2023 dividends were supposed to be paid into the federation account, which should be shared among the three tiers of government. This is coming as the …
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THE Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared a N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd, Umar Ajiya who addressed newsmen on Monday on the development, said this was the highest profit declared by the company since inception. Meanwhile, NNPC Ltd. …
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