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Tag: NNPCL

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
Uncategorized

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
featured

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 […]

NNPCL denies rumoured petrol price hike
featured

NNPCL denies rumoured petrol price hike

  Kazeem Owoseni Following the reports of an alleged hike in the price of premium motor spirit, popularly known as petrol in the country, the retail arm of the Nigerian National Petroleum Corporation Limited has come out to debunk the news that it has increased the price of the commodity. It would be recalled that […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

NNPCL reports 121 cases of crude theft in one week – Report

The Nigerian National Petroleum Company Limited has recorded 121 crude oil theft incidents between July 29 and August 4, 2023. The company’s weekly Energy series, which airs on the Nigerian Television Authority Network, claimed this. The study indicates that crude theft occurrences happened in the states of Delta, Rivers, Bayelsa, and Imo. Following is a breakdown of the incidents […]

NNPCL okays CNG usage for Nigerians
Oil and Gas

NNPCL okays CNG usage for Nigerians

The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the CNG deployment would be completed by the first quarter of 2024. He made this comment in a video that the NNPCL shared on important details that Nigerians should be aware of in light of the organization’s most recent deal with Nipco […]

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 […]

Reps to investigate NNPCL over failure to remit revenue
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 […]

NNPCL blames market forces for fuel price hike
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 […]

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 […]

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