NNPC Archives — Page 2 of 13 — City Business News

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-dependable...

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...

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...

August 16, 2023 No Responses

Nigeria Denies fresh Agenda To Reintroduce Fuel Subsidy

President Bola Tinubu has no plans to reintroduce any form of fuel subsidy or reverse the deregulation policy, the Federal Government declared on Tuesday. The clarification is contained in a tweet issued by the Senior Special Assistant to the President.....

July 19, 2023 No Responses

NNPC Explains Increase In Fuel Price

The Nigerian National Petroleum Company Ltd, has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview...

June 1, 2023 No Responses

NNPCL Confirms Petrol Pump Price Increase

The Nigerian National Petroleum Company NNPC Limited (NNPCL) has confirmed the increase in the pump price of premium motor spirit (PMS) popularly known as petrol in its retail outlets across the country. The national oil firm, in a statement signed...

March 7, 2023 No Responses

NNPC Replaces Eroton As Operator Of OML 18

The management of Nigerian National Petroleum Company (NNPC) Limited has replaced Eroton Exploration and Production Limited as the new operator of oil mining lease (OML) 18. The Chief Corporate Communications Officer, NNPC Ltd, Mr Garbadeen Muhammad,...

February 8, 2023 No Responses

NNPCL Begins Direct Supply Of Petrol To IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday disclosed that the management of the Nigerian National Petroleum Company Ltd. (NNPCL) has allocated petrol to its members directly to ease scarcity. Mr Chinedu Okoronkwo, the N...

February 1, 2023 No Responses

NNPC Takes Over Addax Petroleum’s PSC Assets

The Nigeria National Petroleum Company Limited (NNPCL)has taken over the operation of Production Sharing Contract (PSC) assets from Addax Petroleum Development Nigeria Limited. The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, explai...

January 28, 2023 No Responses

Fuel Scarcity Worsens, Bites Harder In FCT

Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premuim Motor Spirit (PMS), known as petrol worsened. A correspondent of the News Agency of Nigeria (NAN...

January 19, 2023 No Responses

NNPC Secures FEC’s Approval To Invest N1.9tri In 44 Federal Roads

The Federal Executive Council(FEC) has approved the recommendation for the Nigerian National Petroleum Corporation Limited (NNPC LTD.) to invest N1.9 trillion in the reconstruction of 44 federal roads under the tax credit policy. The council gave the app...

December 9, 2022 No Responses

NNPC Disburses N15b For Lagos-Badagry Expressway Reconstruction

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disbursed N15 billion for the reconstruction of the Lagos Badagry Expressway under the Federal Government Road Infrastructure Tax Credit (RITC) Scheme. The N15 billion represents a 100 per c...

October 22, 2022 No Responses

TotalEnergies/NNPC Joint Venture Donates Relief Materials To Flood-Affected Communities In Rivers

Joint Venture partners, TotalEnergies (Exploration and Production) Nigeria Ltd. and the NNPC donated relief materials to their Oil Mining Lease (OML) 58 host communities in Rivers on Friday. The communities were devastated by recent floods. Mr Guil...

October 2, 2022 No Responses

NNPC Acquires OVH Energy Marketing Assets

The Nigerian National Petroleum Company Limited (NNPC LTD.) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. Unveiling the acquisition on Saturday in Abuja, Sen. M...