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Nigerian National Petroleum Corporation (NNPC)

Nigeria to earn fresh $6.35 billion in taxes, royalties

The push by the Management of the Nigerian National Petroleum Corporation (NNPC) to increase crude oil production and grow the nation’s revenue profile gained momentum with the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65 through the Funding and Technical Services Agreement with CMES-OMS Petroleum Development Company (CPDC).
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

We have no plan to divest federal government’s stakes in joint-venture oil assets –...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

GMD: NNPC to begin full rehabilitation of refineries in 2020

The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Reduction of Nigeria’s oil JVs equity my priority – minister

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.

NNPC board chairman tasks NLNG shareholders on revenue generation

Alternate Chairman of the Board of the Nigerian National Petroleum Corporation (NNPC), Dr Thomas John, has called on shareholders of the Nigerian Liquefied Natural Gas (NLNG) to maximize Nigeria’s abundant gas resources and generate more revenue for the nation.

NNPC: Beware of impostors

The Nigerian National Petroleum Corporation (NNPC) has advised that individuals and corporate bodies, locally and internationally, should be wary of unscrupulous elements parading themselves as officials of the corporation.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Nigeria to cut oil production by 100% in October

The Minister of State for Petroleum, Timipre Sylva, on Thursday said that Nigeria has agreed to cut oil production by 50% this month, by 100 percent in October this year.

NNPC shuts Ibadan depot over fire outbreak

The Nigerian National Petroleum Corporation (NNPC) on Wednesday in Abuja reported a fire incident involving some fuel trucks at the loading bay of the Ibadan depot operated by the its downstream subsidiary, Nigerian Pipelines and Storage Company (NPSC).
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

President Buhari: Federal government to deliver four FIDs, tackle crude oil theft

The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Federal government committed to resolving challenge in power sector – minister

The Federal Government is committed to resolving the challenges facing the power sector and ensure improved power supply to Nigerians.
Nigerian National Petroleum Corporation (NNPC)

Official: How NNPC secured positive judgement against ESSO, Shell in US

A U.S. Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (collectively ESSO).
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

US court discharges NNPC in $2.7 billion litigation

The United States Southern District Court of New York delivered a landmark judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (Collectively, “ESSO”) over the weekend.
Nigerian National Petroleum Corporation (NNPC)

NNPC: We have 80 million litres of aviation fuel in reserve

As local airlines complain about a persistent scarcity of aviation fuel (Jet A1), the Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed their claims, saying that it has 80 million litres of the product stored in facilities nationwide.
Nigerian National Petroleum Corporation (NNPC)

NNPC redeploys NPDC staff to meet reserve target

The Nigerian National Petroleum Corporation (NNPC) has clarified the redeployment of 12 management staff of its flagship upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
The Nigerian National Petroleum Corporation (NNPC) Retail, says it is partnering the Nigerian Navy to ensure effective service delivery and security of its Floating Mega Stations (FMS) across the Niger Delta region of the country.

Floating mega stations: NNPC retail partners Navy for effective operations

The Nigerian National Petroleum Corporation (NNPC) Retail, says it is partnering the Nigerian Navy to ensure effective service delivery and security of its Floating Mega Stations (FMS) across the Niger Delta region of the country.
Melee Kyari

NNPC chief assures host communities of sustained partnership

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured host communities of oil and gas installations of sustained and symbiotic engagement with the national oil company in such a way as to entrench mutually beneficial partnership with the industry.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC chief urges support from PENGASSAN, NUPENG

The Group Managing Director of the NNPC, Mallam Mele Kyari, has called on the oil and gas industry unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), to support his management’s vision to reposition the corporation.

Oil theft: Nigeria loses 22 million barrels in six months – Edo governor

Edo State Governor Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June 2019.

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Adegboyega Oyetola

Osun governor presents 119.5 billion budget for 2020

Gov. Gboyega Oyetola of Osun State on Thursday presented a N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.
Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.

World Cup winner Marcello Lippi resigns from China managerial role

Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.
Gov. Godwin Obaseki of Edo says his administration is doing a lot from its end to tackle illegal migration to Europe but needs more support from partners.

Edo governor swears-in new health commissioner

The Edo State Governor, Mr. Godwin Obaseki, has sworn in Dr. Patrick Okundia as the new Commissioner for Health, tasking him to drive the full implementation of the Edo State Healthcare Improvement Programme (Edo-HIP).
All Progressives Congress (APC) Nigeria

Bayelsa guber: Confusion as court nullifies APC primaries

A Federal High Court sitting in Yenagoa, on Thursday caused upset in Bayelsa State ahead of the Saturday governorship election following its judgement nullifying the primaries of the All Progressives Congress (APC) that produced Chief David Lyon as the party’s candidate.
All Progressives Congress (APC) Nigeria

Anger over APC NWC ratification of Edo chapter chairman’s suspension

The Edo State chapter of the All Progressives Congress has rejected the purported suspension of the State Chairman of the party, Mr Anselm Ojezua by the National Working Committee.