The New National Executive President of Nigeria Union of Petroleum and Natural Gas Workers Comrade Otumba Salmon Oladiti has commended the Federal Government and the Nigerian National Petroleum Company Limited (NNPC Ltd.) over the recent agreement reached with Chinese firms aimed at reviving the Warri and Port[Read More…]
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Ltd., Bashir Ojulari, announced this at a company-wide town[Read More…]
The Nigerian National Petroleum Company Limited (NNPCL) has invited former president Olusegun Obasanjo to visit the rehabilitated Port Harcourt and Warri refineries and witness firsthand the progress made in bringing the ailing national assets back to life. The NNPCL stated that the rehabilitation done at the 60,000 bpd Port[Read More…]
Nigerian National Petroleum Company Limited (NNPC Ltd) said it did not issue misleading information to the Nigerian public on the true situation of operations at the Port Harcourt Refinery. The company, therefore, refuted allegations made by Timothy Mgbere, who referred himself in a video clip as a community representative,[Read More…]
Nigerians woke up today to another round of increase in the pump price of petrol as filling stations operated by the Nigerian National Petroleum Corporation (NNPC) Limited increased the pump price of fuel to N1.030 per lite in Abuja and N991 per litre in Lagos. Consequently, transport costs[Read More…]
The Nigerian National Petroleum Company Limited has pegged fuel it lifted from the Dangote refinery in September to be sold to the public at N950 in Lagos and above N1,000 per litre in the north. In a statement released on Monday by the NNPC spokesperson, Olufemi Soneye,[Read More…]
Breaking: NNPC increases fuel pump price to N897 per litre The Nigerian National Petroleum Corporation, NNPC, Limited has increased its pump price of fuel from N617 per litre to N897 per litre. The increment is coming two days after the company lamented it was owing petrol suppliers N6trillion. The[Read More…]
NNPC Reports N3.3trn profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, stated this during a media briefing on the company’s 2023 audited financial statements (AFS) on Monday. Akinyelure said[Read More…]
NNPC targets two million barrels oil production daily The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million[Read More…]
Dangote offers to sell refinery to NNPC over ‘monopoly’ allegation Africa’s richest businessman, Aliko Dangote has said he is willing to sell his oil refinery to the Nigerian l Petroleum Company (NNPC) Limited. Dangote disclosed this in an interview with Premium Times on Sunday. The billionaire’s statement[Read More…]
