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Tag: NNPCL

NNPCL signs deal to build 100,000bpd plant in PH refinery
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NNPCL signs deal to build 100,000bpd plant in PH refinery

The Nigerian National Petroleum Company Limited has finalized a contract with African Refinery Port Harcourt Limited to construct a 100,000 barrels per day refinery within the Port Harcourt Refinery and Petrochemical Complex located in Rivers state. This significant development was disclosed by the national oil company via its official communication channel, with Dapo Segun, the […]

NNPCL sets fuel price above N1000 per litre
News

Scarcity: Fuel supply shortage resolved, says NNPCL

The Nigerian National Petroleum Company Limited has clarified that the shortage in the supply of Premium Motor Spirit also known as PMS recently being experienced in some parts of the country is a result of logistics issues and that it has been resolved. In addition, it also made it clear that the price of petrol […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
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Fuel scarcity hits Abuja, five other states as queues return

There were Long queues as many filling stations were closed in Abuja and about five other states on Wednesday as a result of scarcity of Premium Motor Spirit, also known as petrol. Thousands of commuters in the Federal Capital Territory, Nasarawa, Niger, Gombe, Sokoto, and Anambra states, due to the scarcity of PMS were left […]

News

NNPCL, partner unlock 12,000bpd production at Awoba Field

The Nigerian National Petroleum Company Limited has partnered with Newcross Exploration and Production Limited to restart production from the Awoba field which aims to optimise production from the nation’s hydrocarbon assets to boost revenues. This was contained in a statement issued by the Chief Corporate Communications Officer, Olufemi Soneye via the firm’s official X handle […]

Oil and Gas

Nigeria can leverage its gas reserves to drive industrial development – Mele Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that gas has a vital role to play in driving economic growth and industrial revolution in Nigeria. This was disclosed in a statement signed by the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye on Wednesday on via NNPCL’s […]

Economy featured

Long queues resurface at filling stations as marketers blame supply hitch

Long queues at gas stations in Lagos and Ogun began to form again, causing concern about the imminent scarcity of fuel. Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is a result of a shortage in supply. Also, Similarly, the Nigerian National Petroleum Company Limited […]

Oil and Gas

Port Harcourt refinery resumes operation in April – NNPCL

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the Port Harcourt refinery will commence operations in about two weeks time. According to Kyari, the mechanical works at the Port Harcourt, Warri and Kaduna refineries have been completed, indicating that the Kaduna refinery will start operations in December. This […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

Monthly petrol import drops by 990m litres – Minister

The Minister of Information and National Orientation, Mohammed Idris said that importation of Premium Motor Spirit, or petrol, into Nigeria has decreased by 50% since the commodity’s subsidies were removed on Wednesday. Economic Confidential reported that, President Bola Tinubu announced the elimination of gasoline subsidies in his inauguration speech on May 29, 2023. The Nigerian […]

FG begins construction of 700km Lagos-Calabar highway
Business

Oil drilling in Nigeria won’t stop – FG

Despite pressure from the West to cease investing in fossil fuels, Nigeria’s Federal Government said on Tuesday to Western countries in America and Europe that it would not stop exploring for fossil resources. According to the PUNCH, it said that several American and European nations had been investing in fossil fuels and were requesting that […]

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

Nigeria’s energy scarcity to end in 10 years – NNPCL

By Melvin Onwubuke   The Nigerian National Petroleum Company Limited has announced, the energy scarcity in the nation would end within 10 years. This was disclosed by Mele Kyari, NNPCl Group Chief Executive Officer, in Abuja on Tuesday, at the opening ceremony of the seventh edition of the Nigerian International Energy Summit, according to The […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Oil and Gas

SERAP gives NNPCL seven days to explain $2.04bn, N164bn missing oil income

The Nigerian National Petroleum Company Limited has been contacted by the Socio-Economic Rights and Accountability Project to provide an explanation and account for the purported loss of $2.04 billion and N164 billion in oil profits over the course of seven days. As noted in the most recent annual report issued by the Auditor-General of the Federation, […]

News

NNPCL board authorizes transfer of dollar revenue to CBN

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, revealed on Thursday that the Central Bank of Nigeria has established a department to handle transactions involving the sale of crude oil by the company. The PUNCH reported that the decision to shift a sizable chunk of the company’s revenue to the central […]

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