NNPC News

NNPC not behind depreciating value of Naira --- Investigation

House of Reps to Kyari: “GMD You Have Made Our Day”

…As Kyari Clarifies Revenue Projection for 2022-2024 Revenue Framework The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday, received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure […]

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NNPC not behind depreciating value of Naira --- Investigation

PIA: NNPC Limited to serve as holding company for all subsidiaries — GMD

By Eyo Nsima The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has said the apex oil company will serve as a holding company for all its subsidiaries in the post Petroleum Industry Act, PIA era. Speaking in Abuja, Nigeria, he said: “So, these shareholders can decide, as the law provides that over

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NNPC not behind depreciating value of Naira --- Investigation

BREAKING: NNPC cutting costs, works towards declaring profit

.Nigerians should plan to buy shares in future By Eyo Nsima The Group Managing Director, GMD, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, Tuesday, said with the Petroleum Industry Act, PIA, the apex oil company, has become a commercial entity, under the Company and Allied Matters Act, CAMA. He said the company has started operating

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ICRC commends NNPC for Transparent Public Bid Opening Processes

BREAKING: Less than $3bn foreign investment entered Nigeria’s in 10 years — NNPC

.PIA will restore confidence, boost investment By Eyo Nsima The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that because of the delay in the passage of the nation’s Petroleum Industry Bill, PIB, into law, only $3 billion worth of investments were attracted into the petroleum industry in the past 10

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Kyari tasks NNPC Greenfield Refinery Ltd Board on fuel importation

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Mallam Kyari gave the charge Thursday while inaugurating the Board of

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NNPC not behind depreciating value of Naira --- Investigation

NNPC, CMEC, GE Sign Contract for 50MW Maiduguri Emergency Power Project

A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken Tuesday with the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for a 50Megawatts (MW) Emergency Power Project in Maiduguri. The project

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BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC promotes, redeploys senior management

In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff to fill key vacant positions. In a statement released by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru

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BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC Records ₦43.57bn Trading Surplus in April

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn surplus it recorded in the previous month of March 2021. This is contained in the April 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release

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BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC, Partners to rake in over $760million Revenue from OML 130 Gas Supply Agreements

The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers. The agreements which are part of

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