Tag: NNPCL

NNPCL laments as fuel subsidy hits over N400bn
News

NNPCL laments as fuel subsidy hits over N400bn

  Wilson Adekumola   The Nigerian National Petroleum Company Ltd. has lamented as the fuel subsidy hits over N400bn, adding that it is extremely challenging for them to be funding this from the cash flow of the company without getting refunds from Ministry of Finance. The Group Chief Executive Officer, NNPCL, Mallam Mele Kyari made […]

Mele Kyari
Oil and Gas

Expect fuel scarcity to end next week – NNPCL

The Nigerian National Petroleum Corporation Limited has assured that the ravaging fuel scarcity in the country will come to an end next week.   The Managing Director of the NNPCL, Mele Kyari, said this during a interview on Channels TV on Tuesday.   He said he “could not assure that the queues at the fuel […]

NNPCL, Daewoo sign $740.6m deal for KRPC rehabilitation
Oil and Gas

NNPCL, Daewoo sign $740.6m deal for KRPC rehabilitation

The Nigerian National Petroleum Company Limited yesterday, signed with Daewoo Engineering & Construction Nigeria Limited a $740.6m deal for Kaduna Refinery & Petrochemical Company Limited to be rehabilitated. LEADERSHIP News reported that the contract is a follow up to the memorandum of understanding for the rehabilitation of the refinery that NNPC and Daewoo Group of South Korea […]

Group backs sale of NNPC
Policy and Regulations

NNPCL PMS pump price rises above N184/ltr

The Nigerian National Petroleum Company Limited, on Thursday, increased the pump price of Premium Motor Spirit at its filling stations in Abuja to N194 per litre from N179 per litre.   Leadership reported that, in Lagos, NNPC filling stations visited displayed N184 per litre for PMS.   This development is coming after weeks of petrol […]

Buhari
featured Oil and Gas

Buhari grants NNPC N1.9trn for road projects

Bisola Fatoye   President Muhammadu Buhari has given the Nigerian National Petroleum Corporation Limited his approval to invest N1.9 trillion in the rebuilding of 44 federal roads under the tax credit scheme with four months left in his presidency.   At the conclusion of yesterday’s Federal Executive Council (FEC) meeting in Abuja, media assistant for […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
featured Oil and Gas

NNPCL to sell fuel for N148, Tinubu insists on subsidy removal

The Nigerian National Petroleum Company Limited plans to execute a contract with independent oil marketers that would guarantee that the price of gasoline at the ex-depot is N148 per litre. The new managing director of NNPCL Retail, Hubb Stockman, has vowed to directly provide IPMAN members with goods, according to Mike Osatuyi, the national controller […]