NNPC
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Featured
NNPC indebtedness to suppliers not good image for Nigeria – economist
An Economist, Dr Chijioke Ekechukwu says the Nigerian National Petroleum Company Limited (NNPC Ltd.) indebtedness to fuel suppliers is not good for the country’s credit rating globally. The expert says the chaos that the debt may cause could be devastating to Nigeria’s already fragile economy. Ekechukwu, the Managing Director/Chief Executive Officer, Dignity Finance and Investment Ltd. said this in an…
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Dangote Refinery Products: NNPC Ltd. not sole offtaker – spokesperson
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has no intention of becoming the sole offtaker of Dangote Refinery Limited (DRL) or any entity in a free market environment. The NNPC Ltd. said the refinery and any other domestic refinery were free to sell directly to marketers on a willing buyer, willing seller basis, which was the current…
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Niger: PDP condemns increase in pump price of petrol
The Peoples Democratic Party (PDP) in Niger has condemned the increase in the pump price of petrol by the NNPC Ltd. The News Agency of Nigeria (NAN) reports that the NNPC Ltd. Retail Management approved the upward review of PMS pump price from N617 per litre to N897 per litre effective from Sept. 3. Alhaji Abdullahi Ability, Vice Chairman of…
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Featured
NNPC Ltd is not paying subsidy – Ajiya
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last nine years. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium Motor Spirit (PMS) importation shortfalls between the company and the federation.…
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Featured
NNPC Ltd. unveils new crude oil grade, begins export to Spain
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of Utapate crude oil blend, a new oil grade into the international crude oil market. The NNPC Ltd. said from Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude oil blend commenced operations in July 2024, as its first cargo headed…
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Featured
NNPC, NMDPRA Probe: Lawmakers caution c’ttee against partiality
Some members of the House of Representatives have rallied support for the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd, (NNPCL), Mr Mele Kyari over the committee’s ongoing probe of the firm. The group advised the investigative panel to remain neutral in the probe of Kyari and the Chief Executive officer, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
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Featured
Group backs Agbese on NNPC, NMDPRA probe
The Energy Transparency Initiative (ETI) has refuted claims that Rep. Philip Agbase, the Deputy Spokesperson of the House of Representatives, has assumed the role of an advocate for the Dangote Refinery. The allegation was made in a statement by one Mr Ganzallo Gbenga, said to be the convener of ETI, and the programme officer, Mr Chinelo Ochiaga, on July 27.…
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Featured
Fresh queues: Hitch in discharge operations of vessels responsible – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the tightness in fuel supply and distribution is caused by a hitch in the discharge operations of a couple of vessels. Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., made this known on Saturday in a statement while reacting to the current queues and scarcity being witnessed in some parts…
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Reps to investigate Dangote refinery, NMDPRA, NNPC rift
The House of Representatives has said that it would investigate the ongoing spat between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The investigation would also include the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company Ltd (NNPCL). Rep. Philip Agbese, the deputy spokesperson of the House, said this while speaking…
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NPC seeks legislative framework for data collection
The National Population Commission (NPC), Lagos State, has called for legislative framework to engender timely collection of data, to ensure resilient and equitable future. NPC’s Federal Commissioner, Lagos State, Barr. Saidat Oladunjoye, made the call on Thursday in Lagos, during a news briefing to commemorate the 2024 World Population Day (WPD). The 2024 WPD has the theme: “Embracing the Power of Inclusive Data Towards…
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IPMAN urges NNPC to increase fuel allocation to reduce queues
The Independent Marketers Association of Nigeria (IPMAN) has urged the Nigerian National Petroleum Corporation (NNPC) to increase fuel allocation to its members to reduce queues in filling stations. IPMAN National Vice President, Alhaji Hammed Fasola, said in an interview with the News Agency of Nigeria (NAN) in Ibadan on Friday that the fuel scarcity was due to low allocation. According…
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NEWS
Logistics challenges, flooding cause of fuel queues – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the current fuel queues in the FCT and some parts of the country to the disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol. Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., while reacting to the development on Monday said that the ship-to-ship (STS)…
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Unemployment: NNPC foundation begins business pitching assessment for corps members
The NNPC Foundation has commenced business pitching assessment for no fewer than 2,659 corps members trained by the foundation to support their businesses through distribution of grants and start-up packs. The Managing Director, NNPC Foundation, Ms Emmanuella Arukwe, said on Thursday in Abuja that the empowerment was part of the foundation’s efforts to tackle post graduation youths unemployment and help…
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NNPC retail Ltd probes “Lubricants-for-Petrol” incident
The NNPC Retail Limited attention has been drawn to a recent video clip on social media concerning its fuel pump attendant coercing customers to purchase lubricants as a prerequisite for purchasing fuel. NNPC Retail Limited said it had launched an investigation into the unfortunate incident and appropriate disciplinary action would be taken against the culprit(s). The Managing Director of NNPC…
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NNPC Foundation plants 500 tree seedlings to mitigate climate change
The NNPC Foundation has planted 500 tree seedlings as part of campaign to preserve the environment and mitigate climate change in the country. The Managin Director of the Foundation, Mrs Emmanuella Arukwe, said this during a tree planting campaign on Wednesday at Government Girls’ Secondary School, Nasarawa in Azare, Katagum Local Government Area of the state. She said the exercise…
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ISPS Certification: NNPC Ltd. sustains move towards regulatory excellence
The Nigerian National Petroleum Company Limited (NNPC Ltd.), has reiterated its commitment to sustain its move towards process improvement, regulatory compliance and performance excellence. This is coming as the NNPC Ltd. bagged the Nigerian Maritime Administration and Safety Agency’s (NIMASA) Compliance Certification on Ship, Port Security. Mr Inuwa Danladi, the Executive Vice President, Business Services, NNPC Ltd. said this while…
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NNPC Speaks On Lagos Depot Fire
The NNPC limited has clarified that the fire incident in Lagos at a tank farm is not their facility. According to the NNPPL, it is important to clarify that the unfortunate fire outbreak at a tank farm in Marine Beach, Apapa, Lagos, occurred at a facility owned by HOGL Energy Ltd. (Honeywell Depot), not an NNPC Retail Ltd establishment,” a…
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