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Tag: NNPCL

NNPC, First E&P provide free healthcare in host communities
Scams

NNPCL debunks alleged payment of N20bn to ghost consultants

Wilson Adekumola   The NNPC Ltd has debunked a report going viral on social media and other platforms that it paid N20 billion to ghost consultants.   The report published by an online platform alleged that NNPC paid the sum of N20bn to ghost consultants and theft of multi-billion naira tax due to the Ogun […]

Group backs sale of NNPC
Business featured

Experts frown as NNPCL appoints expatriate subsidiary head

Experts and operators have raised concerns and frowned on the appointment of Jean-Marc Cordier to lead the oil trading arm of the Nigerian National Petroleum Company Limited. The Punch reported that the appointment of Cordier to lead NNPC Trading Ltd, a subsidiary of NNPCL, was announced in a statement released in Abuja by the company’s […]

NNPCL moves to sell shares, seeks strategic partners
Business

NNPCL distributes 339m litres of petrol to 63 deports

The Nigerian National Petroleum Company Limited has said that 63 deports across the country have altogether received a total of 339 million litres of petrol in seven days. From the data obtained by The Punch from NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the distribution was made to states with Lagos, Delta, […]

NNPCL moves to sell shares, seeks strategic partners
Appointments

NNPC takes over as OML 18 operator

The Nigerian National Petroleum Company Limited has replaced Eroton Exploration and Production Limited as the new operator of Oil Mining Lease 18.   The Cable reported that, NNPC spokesperson, Garba Deen Muhammad, disclosed this in a statement on Monday.   NNPC said the action was taken to curtail further degradation of the asset and revamp […]

Tight security as Buhari visits Maiduguri for power plant inauguration
Oil and Gas

Tight security as Buhari visits Maiduguri for power plant inauguration

Security measures have been beefed up at the Maiduguri Emergency Power Plant project site in Borno ahead of its inauguration by President Muhammadu Buhari. According to the News Agency of Nigeria, the president will officially open the 50-Megawatt gas-fired power plant on Thursday. It was developed by the federal government in partnership with the Borno […]

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

FG discovers new locations for oil production of 681,000 bpd

The Federal Government has discovered new oil fields with a daily production capacity of 1.52 billion standard cubic feet of gas and 681,000 barrels of crude oil, respectively. According to The Punch, it disclosed this in a document put together by the Nigerian Upstream Petroleum Regulatory Commission titled “Nigerian Upstream Petroleum Sector: Value Optimization, Energy […]

Nigerian National Petroleum Corporation Limited logo
Business

NNPCL finishes pipeline repairs at depots

The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area. The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries. According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It […]

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 […]

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