NNPC Archives — City Business News

March 27, 2025 No Responses

NNPCL Set For Initial Public Offer

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021.This was disclosed by the Company’s Chief Finance and...

March 26, 2025 No Responses

Federal Character: Senate Probes NNPC, NAFDAC, NUPRC, Others

The Senate has directed its Committee on Federal Character and Inter-Governmental Affairs to conduct a thorough investigation hearing into all Ministries, Departments, and Agencies (MDAs) to determine their level of compliance with Sections 14(3) and 14(4) of ...

March 19, 2025 No Responses

DANGOTE SUSPENDS SALES OF PETROLEUM PRODUCTS IN NAIRA

The management of Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira.In a statement issued on Wednesday, the company explained that the decision is necessary to avoid a “mismatch between our sales proceeds and our c...

March 12, 2025 No Responses

NNPC Woos Global Investors, Harps On LNG Train7 Project, Others

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the...

March 11, 2025 No Responses

Zacch Adedeji:Naira-For-Crude Policy Remains In Place

Our attention has been drawn to reports suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases.These reports do not reflect the r...

March 11, 2025 No Responses

NCDMB Acquires 20 Per Cent Equity In Refinery Project

The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery Group Ltd, in partnership with the Nigerian National...

March 10, 2025 No Responses

NNPC Reacts To Fresh Controversy On Naira Crude Contract With Dangote Refinery

NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery.To clarify, the contract for the sale of crude oil in Naira...

February 25, 2025 No Responses

Kyari At NIES 2025, Explains NNPC’s Charge Towards Gas Infrastructure Expansion

The Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognizes Africa as the next destination of providing greater support to the global energy market, recognizing Nigeria’s position as the largest producer of oil and...

February 25, 2025 No Responses

NNPC Shipping, Stena Bulk, Caverton Unveil New Joint Venture

The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited on Tuesday announced the signing of a new joint venture that will transform Nigerian maritime transportation.The agreement, signed in London last week, aims to cre...

February 10, 2025 No Responses

Energy Expert To Tinubu: End Petrol Import, Prioritise Local Refining

Energy expert, Dan Kunle has warned that the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain marketers, despite the Dangote Petroleum Refinery’s capacity to meet domestic demand, is a disse...

January 29, 2025 No Responses

IGR: Edo Inland Revenue Service Lauds NNPC

The Executive Chairman, Edo State Internal Revenue Service (EIRS,) Hon. Oladele Bankole-Balogun has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) E&P Limited for their contributions to the Internally Generated Revenue (IGR)...

November 12, 2024 No Responses

NNPC To Unveil 12 CNG Stations, LNG Plant

Group CEO of NNPC Ltd, Mele Kyari has reiterated the company’s commitment to resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable growth and energy affordability. A statement issued by Olufemi O Soneye, Chie...

September 20, 2024 No Responses

NNPC To Revive Brass, Olokola LNG Projects

As part of measures to maximise the nation’s abundant gas resources for economic development and prosperity, Nigeria National Petroleum Corporation Ltd (NNPCL) has commenced discussions with investors towards bringing back two Liquefied Natural Gas (LNG) pro...