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Subsidy: FG owes NNPCL N4.207trn, says spokesman

    The Federal government has accumulated a debt of N4.207 trillion to the Nigerian National Petroleum Company Limited, NNPC Ltd, due to months of outstanding petrol subsidy payments. According to Vanguard, this was disclosed by the NNPC’s spokesperson Olufemi Soneye. Soneye, the Chief Corporate Communications Officer of NNPC, issued a statement in Abuja revealing […]

35 Niger Delta students win NNPCL-Shell scholarships
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35 Niger Delta students win NNPCL-Shell scholarships

The NNPCL-Shell Cradle-to-Career scholarship program has awarded 35 gifted students from public primary schools in three Niger Delta states with scholarships. The Punch reported that the scholarship covers the complete six years of secondary school education. The recipients, who come from Rivers, Delta, and Bayelsa states recently finished a week-long orientation program with introductory classes in academics, character, and […]

Four consortia to repair deteriorated pipelines - NNPCL
Oil and Gas

Four consortia to repair deteriorated pipelines – NNPCL

The Nigerian National Petroleum Company Limited announced on Monday that four consortiums would fund the renovation of pipelines around the country using build, operate, and transfer arrangements. According to The Punch, marketers frequently voiced their displeasure at the inactivity of about 20 NNPCL depots, explaining that this was caused by the nationwide pipelines that supply […]

NNPC, First E&P provide free healthcare in host communities
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NNPCL failed to remit N2.8tn taxes – NEITI

The Nigerian Extractive Industries Transparency Initiative has stated that the Nigerian National Petroleum Company Limited failed to pay the Federal Government roughly N2.8 trillion in taxes in 2022. According to NEITI’s recently released “2021 Oil and Gas Industry Report,” of the approximately N3.5 trillion ($8.25 billion at the 2022 exchange rate of N448 to $1), that […]

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

NNPC, partner firm to establish Bayelsa development trust fund

An independent exploration and production business, First E&P OML83 & 85 Joint Venture, has joined with the Nigerian National Petroleum Corporation Limited to establish a development trust for its host communities in Bayelsa. The Punch reported that the companies said in a statement that the trust, which had been given the name “KEFFESO Host Communities Development Trust,” […]

NNPC, First E&P provide free healthcare in host communities
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NNPCL, others partner to lower oil production cost

A Memorandum of Understanding was signed on Monday by the Nigerian National Petroleum Company and the Nigerian Content Development and Monitoring Board with multinational oil companies to shorten the industry’s contracting cycle to an ideal level of no more than 180 working days. The Punch reported that according to a statement made by the management […]

Oil and Gas

NNPCL exports $1.7bn crude as production drops 12% – Report

The Nigerian National Petroleum Company Limited, acting on behalf of numerous stakeholders, facilitated the lifting of a total of 14.23 million barrels of crude oil in 2021, valued at $999.71 million. The Times reported that this is supported by the newly released Nigerian Extractives Industries Transparency Initiative 2021 Oil and Gas Report. According to the NEITI study, […]

NNPCL, Indorama partner on gas supply
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NNPCL, Indorama partner on gas supply

In an effort to encourage the use of natural gas by large-scale gas utilization companies, the Nigerian National Petroleum Company Limited has signed a historic Memorandum of Understanding with Indorama Eleme Petrochemicals Limited on gas delivery. According to Nairametrics, the business made the announcement on Saturday, September 16 via its Twitter account. The action will […]

NNPCL condemns reported sale of NAOC assets to Oando
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NNPCL condemns reported sale of NAOC assets to Oando

      The reported sale of Oil Mining Licences 60, 61, 62, and 63 to Oando Oil Limited by the Nigerian Agip Oil Company has been criticised by the Nigerian National Petroleum Company Limited. In a letter dated September 4, 2023, and written to the managing director of Nigerian Agip Oil Company Limited, Maitama, […]

Four consortia to repair deteriorated pipelines - NNPCL
Oil and Gas

Nigeria’s crude oil production hits 1.6m bpd – Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has stated that President Bola Ahmed Tinubu has reengineered Nigeria’s oil sector, with the country now producing 1.67 million barrels of oil per day. The Times reported that this was said by him on Friday, September 1, 2023, at a news conference. […]

NYSC, Kudimata, NNPCL Foundation partner on financial literacy
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NYSC, Kudimata, NNPCL Foundation partner on financial literacy

The Nigerian National Petroleum Company Limited Foundation has collaborated with the National Youth Service Corps and Kudimata, an educational financial community, to provide fundamental financial skills to corps members. According to The Punch, a recent announcement stated that the NNPC foundation would provide basic financial training to the 60,000 youth corps members now enrolled in NYSC […]

NNPC, First E&P provide free healthcare in host communities
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NNPCL secures $3bn emergency oil loan for naira relief

Juliet Buna The NNPC Limited on Wednesday disclosed that it has signed a Commitment Letter and Term Sheet with AfreximBank for an emergency $3 billion crude oil repayment loan. The company said the agreement was jointly signed by both parties at the bank’s headquarters in Cairo, Egypt. NNPC Limited, in a statement made available to […]

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