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Tag: NNPC

NNPCL moves to sell shares, seeks strategic partners
Business

NNPCL distributes 339m litres of petrol to 63 deports

The Nigerian National Petroleum Company Limited has said that 63 deports across the country have altogether received a total of 339 million litres of petrol in seven days. From the data obtained by The Punch from NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the distribution was made to states with Lagos, Delta, […]

Tight security as Buhari visits Maiduguri for power plant inauguration
Oil and Gas

Tight security as Buhari visits Maiduguri for power plant inauguration

Security measures have been beefed up at the Maiduguri Emergency Power Plant project site in Borno ahead of its inauguration by President Muhammadu Buhari. According to the News Agency of Nigeria, the president will officially open the 50-Megawatt gas-fired power plant on Thursday. It was developed by the federal government in partnership with the Borno […]

Nigerian National Petroleum Corporation Limited logo
Business

NNPCL finishes pipeline repairs at depots

The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area. The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries. According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It […]

Petrol pump
Business

Fuel: N195/litre difficult to enforce, marketers tell FG

Oil marketers have said that it is difficult to enforce the approved N195/litre price on all filling stations. This was after the Independent Petroleum Marketers Association of Nigeria disclosed  on Wednesday that Nigerian National Petroleum Corporation had promised that it had reserved  about 140 million litres of petrol for its association members to address fuel […]

Fuel scarcity: NNPC releases 67m litres to merchants
Energy

Fuel scarcity: NNPC releases 67m litres to merchants

The delivery of over 67 million liters of Premium Motor Spirit, also known as petrol, to merchants has eliminated all gas lines in various parts of Abuja, Niger, and Nasarawa. According to information provided by the NNPC, some of the 67 million liters of PMS it distributes each day is not only transported into neighboring […]

Business

NNPC to begin oil drilling in Nasarawa

The Group Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari, has announced that official oil drilling in Keana, Nasarawa State will begin from March 2023.   The NNPC group CEO disclosed this on Friday during an official visit by the Nasarawa State Governor, Abdullahi Sule, to the NNPC office in Abuja, according […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

Fuel queues persist despite NNPC price slash

  Despite a 17 kobo reduction in the ex-depot price of the commodity, Premium Motor Spirit, also known as gasoline, queues may still form in many states, oil marketers warned on Wednesday. The Nigerian National Petroleum Company Limited’s supply of PMS, according to members of the Independent Petroleum Marketers Association of Nigeria, is still insufficient […]

Oil and Gas

NNPCL signs MoU with five African national oil firms

The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant bodies of five African countries on the Nigeria-Morocco Gas Pipeline Project.   According to a statement by NNPC on Monday, the five national oil companies and relevant entities were from Gambia, Ghana, Guinea, Guinea Bissau and […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
News

Scarcity: Two billion litres of petrol available – NNPC

The Nigerian National Petroleum Company Limited has disclosed that it has two billion litres of Premium Motor Spirit popularly known as petrol in stock. According to The News Agency of Nigeria, this is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. According to Adetunji, the inventory of more […]

Group backs sale of NNPC
Oil and Gas

Group backs sale of NNPC

The Nigerian Forum for Good Governance has shown support towards the sale of the Nigerian National Petroleum Corporation because of its poor performance, especially, in recent years. This comes after bold statements made by the 14th Emir of Kano, Alh. Sanusi Lamido Sanusi and the Governor of Kaduna State, Nasir El-Rufai, on scrapping and sale […]

VIDEO: Sanusi credits Lagos' economic growth to continuity
News

Why FG should disband NNPC – Sanusi

A former Governor of the Central Bank of Nigeria and deposed Emir of Kano, Lamido Sanusi, on Saturday gave reasons why the Federal Government should disband the Nigerian National Petroleum Company Limited. According to The PUNCH, Sanusi, who spoke at the 7th edition of the Kaduna Investment Summit (KADinvest 7.0) organised by the Kaduna Investment […]