NNPCL Archives - Page 10 of 13

Dividend payment not affected by FG’s N1.3trn debt – NNPCL

The Nigerian National Petroleum Company Limited has said the N1.3tn debt of the Federal Government has nothing to do with the payment of dividends to the federation. In June this year, the national oil company revealed that it was expecting a refund of about N1.3tn from the Federation Account as debt by the Federal […]

aadelekepdnlimited-com
25th July 2023
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17 Views

FAAC funds to FG, states hit 7-year high in 2023

Business

NNPCL explains N123bn interim dividend to FAAC

The Nigerian National Petroleum Company Limited has provided explanations for why an N123 billion interim dividend for the month of June was paid to the Federation Account Allocation Committee. According to the News Agency of Nigeria, FAAC distributed N907 billion to the three levels of government on Thursday. NNPCL donated N81 billion as a monthly […]

bfatoyepdnlimited-com
22nd July 2023
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26 Views

Policy and Regulations

NNPCL, UTMOL sign deal to reduce cooking gas price

The Nigerian National Petroleum Company Limited and UTM Offshore Limited have signed the Heads of Terms Agreement which spells out terms of 20 per cent equity contribution of the NNPCL in the UTM FLNG Project. According to Daily Trust, the signing ceremony took place at the NNPCL corporate headquarters in Abuja. It is […]

aadelekepdnlimited-com
20th July 2023
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86 Views

featured

Reps to investigate NNPCL over failure to remit revenue

The Nigerian National Petroleum Company Limited’s failure to transfer funds to the federation account will be the subject of inquiries by the House of Representatives. This came after the plenary on Tuesday approved a resolution by Uduak Odudo titled “Need to investigate the non-remittance of due taxes by the Nigerian National […]

oamudipepdnlimited-com
19th July 2023
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18 Views

Oil and Gas

NNPCL blames market forces for fuel price hike

The group chief executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has attributed the rise in the per-liter pump price of fuel from N537 to N617 to market forces. The NNPCL CEO clarified that the hike is not based on a shortage of fuel in an interview with reporters on Tuesday following a meeting with […]

bfatoyepdnlimited-com
18th July 2023
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16 Views

NNPC, First E&P provide free healthcare in host communities

Business

NNPCL reiterates intention to sell stocks

NNPC Ltd., the Nigerian National Petroleum Company, has reiterated plans to offer its Initial Public Offer to investors very soon. This was stated by the Group Chief Executive Officer of NNPC Ltd., Mele Kyari, on Tuesday in Abuja at the 22nd Nigeria Oil and Gas Energy Conference and Exhibition. The topic of the conference is “Powering Nigeria’s […]

bfatoyepdnlimited-com
12th July 2023
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19 Views

featured Oil and Gas

NNPCL, marketers fuel vessels to arrive next week – IPMAN

Large shipments of Premium Motor Spirit, often known as petrol, will be imported by major oil marketers and would arrive in Nigeria next week. According to The PUNCH, this could potentially driving down the price of the commodity, major and independent dealers stated on Sunday. Following the recent unification of the country’s exchange, […]

oamudipepdnlimited-com
3rd July 2023
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21 Views

Four consortia to repair deteriorated pipelines - NNPCL

News

NNPCL debunks Mele Kyari’s rumoured suspension

Kazeem Owoseni The Nigerian National Petroleum Corporation Limited on Saturday refuted the rumours suggesting that its Group Chief Executive Officer, Mele Kyari, has been sacked by President Bola Ahmed Tinubu. NNPCL’s Chief Corporate Communications Officer, Garba Deen Muhammad, told Daily Post in a telephone conversation that the news was untrue. “It […]

aadelekepdnlimited-com
10th June 2023
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23 Views

featured

NNPCL to reduce fuel import from August

The Nigerian National Petroleum Company has revealed that it would cut down on fuel import once the Dangote Refinery starts pumping out refined petroleum products from late July or early August. According to The PUNCH, the national oil firm’s spokesperson, Garba-Deen Muhammad stated this in an exclusive interview. He said, “NNPC Limited is bringing […]

oamudipepdnlimited-com
8th June 2023
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19 Views

News

How NNPCL spent N4.8trn operating state-owned refineries 10 years

Operating state-owned refineries cost the Nigerian National Petroleum Company Limited N4.8 trillion between 2010 and 2020. Nairametrics reported that the Federal House of Representatives said that since 2010, the Port Harcourt, Warri, and Kaduna refineries’ output has not surpassed 30%. Although the House of Representatives report claimed that the refineries had been idle for years, […]

bfatoyepdnlimited-com
7th June 2023
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32 Views

News

Why FG should reveal names of subsidy beneficiaries – NLC

The president of the NLC, Comrade Joe Ajaero, has demanded that the names of people and businesses that have received subsidies be made public. According to Nairametrics, he contended that a private limited business like the NNPCL shouldn’t have the power to set fuel pump prices. The NLC President claimed the argument that market forces are to […]

bfatoyepdnlimited-com
5th June 2023
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23 Views

featured

Private Nigerian firms to begin fuel importation June 2023 – NNPCL

As the Nigerian National Petroleum Company Limited prepares to discontinue crude oil exchange contracts and transition to cash payments for fuel imports, private businesses in Nigeria will have the option to purchase fuel beginning in June 2023. According to Reuters, on June 3, NNPCL’s group chief executive officer, Mele Kyari, made the statement which is consistent […]

bfatoyepdnlimited-com
5th June 2023
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18 Views

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Tag: NNPCL

Dividend payment not affected by FG’s N1.3trn debt – NNPCL

NNPCL explains N123bn interim dividend to FAAC

NNPCL, UTMOL sign deal to reduce cooking gas price

Reps to investigate NNPCL over failure to remit revenue

NNPCL blames market forces for fuel price hike

NNPCL reiterates intention to sell stocks

NNPCL, marketers fuel vessels to arrive next week – IPMAN

NNPCL debunks Mele Kyari’s rumoured suspension

NNPCL to reduce fuel import from August

How NNPCL spent N4.8trn operating state-owned refineries 10 years

Why FG should reveal names of subsidy beneficiaries – NLC

Private Nigerian firms to begin fuel importation June 2023 – NNPCL

Quantum computing offers rare opportunity to reshape humanity.

Brazil’s Petrobras plans return to Nigeria’s oils sector

Make oil investment competitive, Tinubu’s aide urges African.

IFC, Canada fund 108 solar mini-grids in Northern.

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