The management of Nigerian National Petroleum Corporation (NNPC) has directed all office-based workers below management cadre across all its formations to work from home with effect from today. It said it is in compliance with the Federal Government’s directive on the COVID -19. In a statement, its Group General Manager, Group Public Affairs Division, Dr. … Read more
The Nigerian National Petroleum Corporation (NNPC) has announced a laudable 34% increase in trading surplus in its monthly operational and financial report for December 2019. The details of the report were explained in a statement signed and released by the corporation’s Group General Manager, Group Public Affairs Division, Dr Kennie Obateru. In the report, the … Read more
Major shake-up in NNPC has led to the compulsory retirement of top executives, NewsOne Nigeria has learned. Ekohotblog understands that there is tension in the Nigerian National Petroleum Corporation (NNPC) over an alleged forceful retirement of about 40 top management officials, which was approved by the Group Managing Director, Mele Kyari. A report on PUNCH … Read more
The Federal Government has spent N462bn on subsidy for Premium Motor Spirit, PMS, in nine months. The Nigerian National Petroleum Corporation, NNPC, disclosed this on Monday in a new data released. Findings from the data released by the NNPC Monthly Financial and Operations Report for September 2019, revaled that the amount incurred as a subsidy … Read more
The 9th Senate has commenced a probe of Nigerian National Petroleum Company, NNPC following an alleged violation of maritime laws. The senate began a probe into the actions of the NNPC in ensuring participation of indigenous companies in the freight of Petroleum products, in line with the provisions of Presidential Executive Order 5(2018). Consequently, the … Read more
The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas industry. The Group Managing. Director, Malam Mele Kyari disclosed this at the inaugural Nigeria Extractive Industries Transparency Initiative (NEITI) Policy Dialogue in Abuja on Tuesday. He said … Read more
Deputy Senate president Omo-Agege has revealed his reasons for calling for the relocation headquarters of oil companies operating in the Niger Delta region. According to the Senate president, the issue has been the focus of agitations in the region for sometime now. “The issue, it must be stressed, was the focus of a peaceful youthful … Read more
The Nigerian National Petroleum Corporation (NNPC) says it has no plan to relocate its subsidiary, Nigerian Gas Company (NGC), outside the Niger Delta region. The spokesman of the corporation, Ndu Ughamadu, in a statement issued on Sunday in Abuja, reassured the host communities and all stakeholders in the region that nothing of sort was in … Read more
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said the corporation is not in contest for market share with Dangote Refinery which is presently under construction. Kyari disclosed this in a statement signed by NNPC spokesman, Ndu Ughamadu, in Abuja, on Wednesday. He said that NNPC focus was … Read more
The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Monday, explained how he hoped to end petroleum products importation in the country by 2023. Mr Kyari spoke in Abuja at the valedictory ceremony in honour of the former Group Managing Director, Maikanti Baru, who retired on Sunday after attaining … Read more
The immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru on Monday officially handed over to the new GMD Mele Kyari. WuzupNaija reports that President Muhammadu Buhari had on June 20 appointed Kyari as the new GMD alongside seven others as Chief Operating Officers. Their appointments take effect … Read more
The outgoing Group Managing Director of the NNPC, Maikanti Baru, said President Muhammadu Buhari is committed to the exploration of the various inland basins across Nigeria to grow the country’s hydrocarbon reserves. According to a release by the corporation’s spokesperson, Ndu Ughamadu, Mr Baru said this on Saturday during an inspection tour of the ongoing … Read more
The new Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation will partner with Economic and Financial Crimes Commission (EFCC) to fight corruption in its operations. Kyari disclosed this in his address at the Valedictory Session held for the outgoing GMD, Dr Maikanti Baru, in Abuja on Monday. Kyari … Read more
The Nigerian Gas Marketing Company (NGMC) has announced a profit after tax of N12.476 billion for the year ended December 31, 2018. This was disclosed in a statement issued by the Nigerian National Petroleum Corporation (NNPC) Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in Abuja on Friday. Mr Ughamadu disclosed that the NNPC … Read more
The Nigerian National Petroleum Corporation, NNPC, has recently announced that it has recorded trade surplus of N15.04 billion for January 2019, an increase of 24 per cent over the N12.13 billion surplus posted by the corporation in December 2019. In a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, the … Read more
The Nigerian National Petroleum Corporation, NNPC, yesterday, said the Federal Government would no longer grant approval for any new gas project that does not abide by its zero gas flare policy. The NNPC, in a statement in Abuja, said this represented the Federal Government’s commitment to a zero gas flare regime, while stating that it … Read more
The Nigerian National Petroleum Corporation, NNPC, yesterday, promised to strengthen its partnership with oil marketers on the platform of Major Marketers Association of Nigeria, MOMAN, to ensure seamless supply of petroleum products. A statement in Abuja by Group Managing Director of NNPC, Mr. Maikanti Baru, said the corporation, as the supplier of … Read more
The Nigerian National Petroleum Corporation, NNPC, and Chevron Nigeria Limited, CNL, have signed a gas sale and aggregation agreement GSAA, with Dangote Fertiliser Limited, DFL, with Gas Aggregation Company of Nigeria Limited as aggregator. NNPC and CNL are obligated to supply 70mmScf/d of natural gas to Dangote Fertiliser to start up the newly-built fertiliser plant. … Read more
The Federal Government, yesterday, revoked the operating license granted Shell Petroleum Development Company, SPDC, for Oil Mining Lease 11, in Ogoni land and transferred the operatorship of the assets to the Nigerian National Petroleum Corporation, NNPC and its upstream subsidiary, the Nigerian Petroleum Development Company, NPDC. In a letter dated, March 1, 2019, with Reference … Read more