The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. Addressing newsmen in Abuja, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the...
The Federal Government, through the Federal Executive Council (FEC) on March 17, 2021 approved the sum of $1.5billion for the rehabilitation of the Port Harcourt refinery. The approval for its rehabilitation came following the submission of the Minister of State for Petroleum Resources, Chief Timipre Sylva to the council....
The Nigerian Nation al Petroleum Corporation (NNPC) has announced an increase of 80.12% in trading surplus for the month of December 2020 which stands at ₦24.19billion compared to the ₦13.43billion surplus recorded in November 2020. This is contained in the December 2020 edition of the NNPC Monthly Financial and Operations...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry best standards. The Group...
As a socially responsible entity, the Nigerian National Petroleum Corporation (NNPC) says it would do everything within its power to support the fight against drug trafficking in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment Friday in Abuja during the visit of the management team...
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages. The Group Managing Director of NNPC, Mallam Mele Kyari, made the call at a one-day public hearing on...
L-R: Pro Pro-Chancellor, Usmanu Danfodiyo University, Sokoto, Hon. Justice Pearl Enejere (rtd), Group Managing Director of the Nigerian National Petroleum Corporation, Malam Mele Kyari and the University’s Vice Chancellor, Professor Lawal Suleiman Bilbis, during a meeting at the NNPC Towers, Abuja. The Nigerian National Petroleum Corporation (NNPC) and the Usmanu...
Key Senior Executives across the oil and gas industry will converge at the Transcorp Hilton, Abuja on 29 March 2021 under the auspices of Nigeria’s Ministry of Petroleum Resources’ Nigeria International Petroleum Summit (N.I.P.S) for a hybrid conference and high-level networking session. The event, which is a pre-summit conference of...
The Transmission Company of Nigeria (TCN) said it has recorded a peak electricity of 5,615 megawatts (MW) on the national grid. A statement by its spokesperson, Ndidi Mbah on Monday night said the new peak which is the highest so far was transmitted at a frequency of 50.20 Hertz,. TCN said...
…Cautions Against Hoarding, Panic Buying Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of petrol in March, 2021. A press release by the Group General Manager, Group...