NNPC LTD
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OIL&GAS
NNPC Ltd Urges Deeper Collaboration Among Upstream Operators to Overcome Industry Challenges
ABUJA – The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasised the need for enhanced cooperation among upstream operators, particularly independent producers, to address the hurdles impeding the effective development of divested assets within the nation’s oil and gas industry. Mrs. Oritsemeyiwa Eyesan, the Executive Vice President, Upstream at NNPC Ltd., conveyed this message on Wednesday during a panel…
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OIL&GAS
NNPC Ltd Assures Facilitative Role in Oil Company Divestment
Abuja: The Nigerian National Petroleum Company Limited (NNPC Ltd), the largest partner to all oil-producing companies in Nigeria, has assured that its role in the divestment of international oil companies from onshore and shallow water assets in the country is that of a facilitator and not an obstacle. Speaking at the opening ceremony of the 7th edition of the Nigerian…
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OIL&GAS
NARTO calls off strike as FG begins bridging claims payment
The Nigerian Association of Road Transport Owners (NARTO) has called off its strike as the Federal Government has announced payment of their bridging claims. The Federal Government said though NARTO’s issues were purely commercial, its intervention and transportation claims payment (though figures are undisclosed) became necessary to ensure fuel availability nationwide and maintain a business-friendly environment. Sen. Heineken Lokpobiri, Minister…
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Finance
Afreximbank and UBA Secure Record-breaking Crude Oil Prepayment Facility for Nigeria
LAGOS, January 13, 2024: In a groundbreaking development, the African Export-Import Bank (Afreximbank) has successfully orchestrated a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). The landmark transaction marks Nigeria’s largest crude oil prepayment facility and stands as one of the largest syndicated loans raised in Africa in 2023. A significant boost to…
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News
NNPC Ltd gifts N200,000 PMS voucher to lady mocked on social media
Abuja, Jan. 6, 2024 (NAN) The Nigerian National Petroleum Company (NNPC) Limited has gifted N200,000 Premium Motor Spirit (PMS) voucher to a lady identified as ‘Mummy Zee’ after being mocked online for waking up to cook for her husband at 4:50 a.m. NNPC Ltd. disclosed this on Saturday in a tweet shared on its official X handle (formerly known as…
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OIL&GAS
NNPC Ltd Allays Fears of Impending Fuel Price Hike
Abuja, January 3, 2024: In a reassuring statement today, the Nigerian National Petroleum Company (NNPC Ltd.) moved swiftly to dispel concerns about an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. Chief Corporate Communications Officer, Olufemi O. Soneye, emphasized that the NNPC is committed to maintaining stability in fuel prices and urged the public…
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Energy & Environment
NNPC Reassures Realism in 2024 Budget Projections for Oil Production and Price Benchmark
Abuja, Nigeria – In an interactive session with the Senate Committee on Finance at the National Assembly on Wednesday, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPC Ltd.), Mr. Mele Kyari, affirmed the realism and achievability of the projections on crude oil production and the price benchmark outlined in the 2024 Budget. Addressing the…
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Energy & Environment
NNPC GCEO Advocates “Just Transition” for Africa’s Energy Future at COP28 Conference
Dubai, UAE, December 4, 2023: Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPC Ltd., emphasized the need for a “just, differentiated transition” to achieve a sustainable, decarbonized energy future for Africa. Speaking at a Regional CEO Panel organized by McKinsey & Company during the ongoing United Nations Conference on Climate Change (UNCCC), also known as the COP28 Conference,…
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Africa
Kyari Urges Stakeholders and Nigerians to Refrain from Issuing Goodwill Messages
Abuja, November 29, 2023: Malam Mele Kyari, the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, has expressed his gratitude to stakeholders and Nigerians for their enthusiastic reception of his reappointment by the President and Commander-in-Chief of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, GCFR. In a press release issued today, Kyari views his…
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