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Nigerian National Petroleum Corporation (NNPC)

NNPC trading surplus rises by 860% to N20.4 billion in one month

The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.
Nigerian National Petroleum Corporation (NNPC)

NNPC saves Nigeria $5.04 billion in four court victories

The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that its legal team won four major court cases bordering on disputes surrounding oil wells and export terminals that helped the country saved Nigeria N5.04 billion.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

NNPC obtains $1 billion to fund upstream operations of NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company, NPDC.
Nigerian National Petroleum Corporation (NNPC)

Oil marketers debunk NNPC’s N5.35 billion petrol subsidy payment claim

Oil marketers have denied receiving petrol subsidy payments in June 2020 as disclosed by the Nigerian National Petroleum Corporation (NNPC) in its latest operations report.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NPPC chief lists parametres to sustainable growth in Nigeria petroleum industry

For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the Industry stakeholders to evolve innovative ways to reposition the Sector for sustainability.
Nigerian National Petroleum Corporation (NNPC)

NNPC records 43% drop in oil pipeline vandalism in May

The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020.
Nigerian National Petroleum Corporation (NNPC)

NNPC returns to profitability, records N2.68 billion surplus

The Nigerian National Petroleum Corporation, NNPC, Wednesday, announced a trading surplus of N2.68 billion for May 2020, compared to a deficit of N30.81 billion recorded in April 2020.
The Nigerian National Petroleum Corporation (NNPC), has announced the sudden death of its former Group Managing Director, Dr Joseph Thlama Dawha, who passed away after a brief illness.

Former NNPC chief Joseph Dawha passes on

The Nigerian National Petroleum Corporation (NNPC), has announced the sudden death of its former Group Managing Director, Dr Joseph Thlama Dawha, who passed away after a brief illness.
Nigerian National Petroleum Corporation (NNPC)

NNPC to sue Mexican oil firm over ‘stolen 48 million barrels of crude’

The Nigerian National Petroleum Corporation (NNPC) says it is taking legal action against a Mexican international oil firm which it accused of being a crime syndicate, SAMANO SA DE CV, and its officials over attempts to swindle the Nigerian government of over $125 million.

Explosion kills 7 at NPDC’s Benin River valve station

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture.
The Lagos State Government on Wednesday received 16 security operations vehicles from Shell Nigeria Exploration and Production Company Ltd (SNEPCo) toward enhancing security in the state.

Lagos receives 16 vehicles from Shell

The Lagos State Government on Wednesday received 16 security operations vehicles from Shell Nigeria Exploration and Production Company Ltd (SNEPCo) toward enhancing security in the state.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC announces top-management level appointments, redeployments

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

Mele Kyari: NNPC mulls growing nation’s reserve to 40 billion barrels by 2023

The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.
Nigerian National Petroleum Corporation (NNPC)

PANDEF: South-South, South-West, South-East marginalized in NNPC

Pan-Niger Delta Forum, PANDEF, the mouthpiece of traditional rulers, leaders and stakeholders of the coastal states of Niger Delta, Friday, warned the Nigeria National Petroleum Corporation, NNPC, which has allegedly sidelined South-South, South-West and South-East from its top management positions, to stop insulting the people of the oil/gas-rich region.
Nigerian National Petroleum Corporation (NNPC)

NNPC explains parameters for employment, career progression

The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration.
Nigerian National Petroleum Corporation (NNPC)

NNPC to extend delivery of medical facilities, infrastructure to states not covered

States that have not benefited from medical facilities and infrastructure support from the Nigerian National Petroleum Corporation (NNPC) and her partners in the ongoing intervention initiative have no cause to worry.
Nigerian National Petroleum Corporation (NNPC)

NNPC records N211.62 billion from petroleum products sales

The Nigerian National Petroleum Corporation (NNPC) on Tuesday in Abuja said its downstream subsidiary, Petroleum Products Marketing Company (PPMC), netted N211.62 billion from the sale of white products in February.

Petrol to sell at N117 per litre as PPMC cuts ex-depot prices

The Petroleum Products Marketing Company (PPMC), Wednesday, slashed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N108 per litre, a move reflecting the drop in crude oil prices. It is also expected to result in a lower pump price at petrol stations by end of this week.

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Secretary to the Government of the Federation (SGF) and Chairman of the PTF on COVID-19, Mr Boss Mustapha, who raised the concern on Thursday during the daily press briefing by the task force in Abuja.

PTF urges religious leaders to ask congregation to wear facemask

Mr Boss Mustapha, the Chairman, Presidential Task Force (PTF) on COVID-19, has advised religious leaders to without fear or favour continue to prevail on their congregations to wear facemask.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC re-arraigns ex-minister for ‘fraud’

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned a former Minister of Special Duties and Intergovernmental Affairs, Kabiru Turaki, at the Federal High Court, Abuja, for alleged fraud.

DPR reinforces revenue collection channels

The Department of Petroleum Resources (DPR) says it will continue to use its regulatory instruments to enhance revenue collection for the Federal Government.
The Nigeria Civil Society Situation Room, on Monday, commended the Independent National Electoral Commission, INEC, for conducting what it termed as a much-improved governorship election, in Edo State.

Edo election: Politicians investing money in vote buying – CSOs

A coalition of over 70 human rights organizations, under the aegis of Nigeria Civil Society Situation Room, on Monday raised fears over alleged commercialisation of votes in Nigeria, describing it as threat to electoral system.
Two yet-to-be-identified persons lost their lives on Friday when a helicopter crashed into a building on Salvation Road, in the Ikeja area of Lagos State.

AIB: No fuel left in Quorum helicopter tanks as at crash time

Preliminary report by the Accident Investigation Bu­reau (AIB) has revealed that there was no fuel left in the tanks of Bell 206B 111 He­licopter, which crashed on Friday, August 28, 2020, at Opebi area of Ikeja, Lagos.