Tag: NNPC

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend
August 19, 2024 No Responses

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend

The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the...
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Economic Sabotage: Count NNPC Out, Says Kyari  
August 8, 2024 No Responses

Economic Sabotage: Count NNPC Out, Says Kyari  

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.Kyari, who...
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NNPC Stake In Dangote Refinery Now 7.2 Per Cent
July 15, 2024 No Responses

NNPC Stake In Dangote Refinery Now 7.2 Per Cent

The Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone, President of Dangote...
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NNPC Declares State Of Emergency On Crude Oil Production
July 2, 2024 No Responses

NNPC Declares State Of Emergency On Crude Oil Production

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, disclosed this...
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NNPC, TotalEnergies JV Seal $550m FID On Ubeta Field  Project
June 20, 2024 No Responses

NNPC, TotalEnergies JV Seal $550m FID On Ubeta Field  Project

In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has  announced a $550 million Final Investment Decision (FID) on the Ubeta Field Development Project. A statement issued on Thursday by Olufemi Soneye, Chief Co...
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NNPC E&P Ltd, NOSL Hit First Oil In OML 13 In Akwa Ibom
May 13, 2024 No Responses

NNPC E&P Ltd, NOSL Hit First Oil In OML 13 In Akwa Ibom

The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.), NNPC Ltd.’s flagship upstream subsidiary, and Natural Oilfield Services Ltd. (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd....
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NNPC Chief Harps On Role Of Gas In Driving Economic Growth, Industrial Development
April 11, 2024 No Responses

NNPC Chief Harps On Role Of Gas In Driving Economic Growth, Industrial Development

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari, has reiterated the crucial role of natural gas in Fuelling economic growth and industrial development in Nigeria. Kyari, who was speaking a...
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358 Edo, Delta Teachers Graduate From Seplat JV STEP
February 26, 2024 No Responses

358 Edo, Delta Teachers Graduate From Seplat JV STEP

The NNPC E&P Limited/ Seplat Energy Joint Venture (JV) has graduated 331 teachers and 27 Chief Inspectors of Education (CIE) at the 2024 edition of the Seplat JV Education Summit and Seplat Teachers Empowerment Programme (STEP) graduation ceremony for...
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NNPC Woos South Korean Gas Investors
January 31, 2024 No Responses

NNPC Woos South Korean Gas Investors

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The discussions which held in Seoul, South Korea, yesterday were...
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No Increase in PMS Prices, NNPC Assures Nigerians
January 4, 2024 No Responses

No Increase in PMS Prices, NNPC Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.  In a statement issued by Chief Corporate Communications Officer, NNPC Ltd, Olu...
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NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd
November 13, 2023 No Responses

NNPC Settles PENGASSAN-Total Energies Rift, Restores Production of 275,000bopd

Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Niger...
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Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude
November 9, 2023 No Responses

Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-depend...
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GOCOP Congratulates Soneye, NNPCL’s New Spokesman, Enugu Commissioner Agbo, Others On Appointments
October 20, 2023 No Responses

GOCOP Congratulates Soneye, NNPCL’s New Spokesman, Enugu Commissioner Agbo, Others On Appointments

The Guild of Corporate Online Publishers (GOCOP) has congratulated  Mr. Olufemi Oladapo Soneye over his appointment as Chief Corporate Communications Officer (CCCO) of the Nigerian National Petroleum Company Limited (NNPCL). The association also congratul...
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Due Process Was Followed In NNPCL $3b Afriexim Bank Loan
August 29, 2023 No Responses

Due Process Was Followed In NNPCL $3b Afriexim Bank Loan

Due process was followed in securing the Nigeria National Petroleum Company Limited (NNPCL) $3 Billion Afriexim bank Loan, an official has said  The $3 billion loan deal, which was signed in Cairo a frothnight ago is to enable the NNPC...
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