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Tag: NNPCL

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

Why FG should reveal names of subsidy beneficiaries - NLC
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 […]

Four consortia to repair deteriorated pipelines - NNPCL
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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 […]

Reps permit NIMASA to distribute $360m cabotage fund
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Reps permit NIMASA to distribute $360m cabotage fund

The $360 million Cabotage Vessel Finance Fund will now be distributed to eligible Nigerian shipowners by the Maritime Administration and Safety Agency of Nigeria. According to Nairametrics, this information was revealed in a statement released on Friday in Lagos by Assistant Director of Public Relations, NIMASA, Mr. Osagie Edward. After conducting an investigation, the House Committee, which […]

BREAKING: NNPCL confirms new petrol pump price increase
Policy and Regulations

Subsidy: Fuel prices will drop naturally, says NNPCL boss

By Wilson Adekumola   The Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, Mr. Mele Kyari, has disclosed that the removal of fuel subsidy would encourage more competitors wherefore, naturally reduce the current price of Premium Motor Spirit, also known as petrol.   Kyari made this disclosure while featuring on Arise TV’s […]

NLC rejects new petrol pump prices
News

NLC rejects new petrol pump prices

The Nigeria Labour Congress has rejected the Nigerian National Petroleum Corporation Limited’s revised pump price for petrol. According to the Daily Trust, the NNPCL has instructed all of its stores to sell petrol for between N480 and N570 per litre. The price change, according to NNPC Ltd.’s Chief Corporate Communications Officer, Garba Deen Muhammad, was decided to […]

BREAKING: NNPCL confirms new petrol pump price increase
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BREAKING: NNPCL confirms new petrol pump price increase

  The Nigerian National Petroleum Company Limited has confirmed the increase of the petrol pump prices by more than 200 percent. This puts the cost of fuel between N488 and N557 per litre across the 36 states of the Federation. The petroleum agency revealed this through a press statement signed by Chief Corporate Communications Officer, […]

Subsidy: NNPCL alleged new price template goes viral
News

Subsidy: NNPCL alleged new price template goes viral

  The Nigerian National Petroleum Company Limited has increased petrol pump prices by more than 200 percent, putting the cost of fuel to between N488 and N557 per litre. According to a copy of a revised pricing template allegedly issued to oil merchants late yesterday by the NNPCL management, the new price adjustment was to […]

Four consortia to repair deteriorated pipelines - NNPCL
Oil and Gas

Fuel subsidy: NNPCL cautions against panic-buying

The Nigerian National Petroleum Company Limited has stated that prospective increases in petrol prices are insufficient justification for Nigerians to indulge in panic-buying.. According to Nairametrics, the Group Chief Executive Officer of the NNPCL, Mele Kyari, made this statement to the press on Monday. He claimed that the NNPCL is present to make sure that there is […]

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

NNPC resumes Borno oil exploration after six years pause

The Nigerian National Petroleum Company Limited has begun oil drilling in Borno state’s Lake Chad Basin. Daily Trust reported that The President, Major General Muhammadu Buhari is anticipated to participate virtually at the Wadi-B oil well drilling event in the Tuba town of Jere Local Government Area. The project is being carried out by the NNPC Frontier […]

Osinbajo-led council tackles skill gaps among graduates
Energy

Osinbajo charges NNPC on balanced energy transitioning

The Vice President, Yemi Osinbajo, has charged the Nigerian National Petroleum Company Limited to work on the development of green hydrogen as another energy source.   Leadership reported that Osinbajo said this during his address at the launch of a book titled: “Understanding Natural Gas: A Nigerian Perspective,” in Abuja, on Thursday, co-authored by Dr. […]

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