The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has seen the passage of the Petroleum Industry Bill (PIB), presently before the National Assembly as an antidote to the unstable Nigerian Petroleum Industry.
Mallam Kyari said, the absence of a stable fiscal environment was inhibiting...
The Federal Character Commission (FCC) has applauded the Nigerian National Petroleum Corporation (NNPC) for ensuring a high level of gender balance in management positions in the Corporation.
The Executive Chairman of the Commission, Dr. Muheeba Farida Dankaka, gave the commendation in Abuja during a courtesy visit by the management of...
The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izurah, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for totally driving a transparent bid opening processes for the rehabilitation of NNPC pipelines and its critical downstream infrastructure noting that NNPC is showing to...
The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations.
Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the corporation, in a release in Abuja, explained that details of...
The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards and has saved over $4billion in liabilities for the country.
A press release by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, states...
The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country.
Speaking on TVC Business Show, Business Nigeria Live, the Group...
The Department of Petroleum Resources, DPR, yesterday, said it has commenced the audit of petrol retail outlets across the country, and has ordered 9,000 petrol stations across the country to immediately commence the upgrade of their facilities to allow them dispense gas to vehicles for transportation.
This is in furtherance...
President Muhammadu Buhari has said the Federal Government would not reverse the recent hikes in electricity tariff and petrol price.
In an address at the at the first year ministerial performance review retreat at the State House in Abuja on Monday, Buhari said: “The recent Service Based Tariff Adjustment by...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has advanced reasons why the deregulation of the Petroleum industry was necessary for the nation's economy.
Sylva made this known while briefing newsmen on the increase in the pump price of premium motor spirit (PMS), also known as petrol.
He said,...
The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC).
The crude oil prepayment has enabled NNPC to pay NPDC’s Tax obligations to the Federal Government of Nigeria, of circa US$700M with the...
