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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: NNPC

How Nigeria’s refineries lost 218 workers, N69bn
Oil and Gas

How Nigeria’s refineries lost 218 workers, N69bn

  Data from the financial statements of Nigeria’s refineries, newly provided by the Nigerian National Petroleum Company Limited, showed that the number of employees dropped by 218 within a year, while the facilities registered a cumulative comprehensive loss of N69.03bn over the review period. The Nigerian National Petroleum Corporation runs Nigeria’s three refineries: the Kaduna […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

NNPC, IPMAN address fuel scarcity

  The Nigerian National Petroleum Company and the Independent Petroleum Marketers Association of Nigeria have allayed the fears of Nigerians over possible fuel scarcity in some parts of the country. The PUNCH reported that the scarcity of PMS worsened on Thursday in Abuja, as the Federal Government attributed the development to flooded roads in Kogi […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Oil Theft: ‘Nigeria loses $150m every two days’

The Nigerian National Petroleum Company Limited Chief Financial Officer, Umar Ajiya, said the country loses $150 million every two days. Ajiya who made the claim on Wednesday during an interview on Arise TV blamed vandalism and oil theft for the loss. According to Ajiya, NNPC which declared a profit was ₦674 billion in 2021 can […]

NNPC to supply Dangote refinery 300k barrels daily
Oil and Gas

NNPC to supply Dangote refinery 300k barrels daily

The Nigeria National Petroleum Corporation Limited has secured a massive supply of about 300,000 crude oil per day to the Dangote refinery for the next 20 years. This was disclosed by the Group Chief Executive Officer, NNPC Ltd, Mele Kyari when he appeared at the 49th Session of the State House Ministerial Briefing organised by […]

Nigeria, Morocco commence 5,600km gas pipeline project
Oil and Gas

NNPC denies issuing directive on fresh petrol price

The Nigerian National Petroleum Company Limited has denied issuing the directive on the new price of Premium Motor Spirit, otherwise known as petrol. NNPC said on Tuesday that fuel pricing directly falls under the responsibilities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The spokesperson for the NNPC, Garbadeen Muhammad, said, “The NNPC no […]

NNPC becomes commercial entity amid fuel scarcity
Oil and Gas

NNPC becomes commercial entity amid fuel scarcity

The President, Major General Muhammadu Buhari (retd.) officially unveiled the new brand of the Nigerian National Petroleum Company Limited on Tuesday, at the State House, Abuja, to usher in some provisions of the Petroleum Industry Act. This is coming amidst fuel scarcity in some parts of the nation, especially in Lagos and Abuja. According to […]

Mohammad Barkindo
News

OPEC outgoing Secretary General Barkindo is dead

Secretary General of the Organisation of Petroleum Exporting Countries, Mohammad Barkindo, is dead. He died about 11pm on Tuesday. His death was announced in the early hours of Wednesday by the Nigerian National Petroleum Company Limited Group Managing Director, Mele Kyari. Kyari tweeted, “We lost our esteemed Dr Muhammad Sanusi Barkindo. He died at about […]

Flood: Gas scarcity looms as NLNG stops operations
Oil and Gas

NNPC, Sahara to build jetties to boost cooking gas supply

The Nigerian National Petroleum Company Limited and Sahara Group, through their joint venture business, WAGL Energy Limited, are set to develop and construct jetties across West African countries to boost the supply and penetration of Liquefied Petroleum Gas, popularly called cooking gas, in the sub-region. According to The Punch, the Managing Director, WAGL Energy Limited, […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

Group backs sale of NNPC
News

NNPC’s verified Twitter account hacked, recovered

The Nigerian National Petroleum Company Limited, which alarmed the general public that its official Twitter account was hacked and used to send inappropriate messages on June 8, 2022, has now been recovered. NNPC’s notice was contained in a public notice signed by the Group General Manager, Group Public Affairs Division, Mr. Graba Deen Muhammad, on […]

Jet A1 hike threatens airlines' existence - Ibom Air COO
Ports and Airports

Aviation fuel sells N612 per litre, airlines groan

There appears to be no end yet to the current crisis in the aviation sector as findings show that the agreement between airlines and oil marketers can no longer hold due to continuous price hikes of the Aviation Turbine Kerosene, also known as JET-A1 or aviation fuel. Last week, the Nigerian National Petroleum Corporation and […]