Tag: NNPC Limited
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Mystery of crude oil theft – By Dakuku Peterside
Autolycus in Ancient Greek mythology achieved fame and notoriety for being a successful robber and trickster whom no one could catch. He was a source of trouble for the king and the kingdom in Ancient Greece. Autolycus, were it be in today’s Nigeria, would have been a trainee in Nigeria’s crude oil-thieving empire, which is…
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Nigeria will stop importing petroleum products in 2023 – NNPC Ltd
The Nigerian National Petroleum Company (NNPC Ltd.), said that the importation of petroleum products into the country will be stopped by mid-2023.
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INVESTIGATION: Nigerians could pay over N460 per litre of petrol from July 2023
Nigeria’s President Muhammadu Buhari will present the 2023 appropriation bill before the National Assembly in September, and the country’s projection to spend nearly N7 trillion naira on petrol subsidy is already unsettling lawmakers. Nigeria, the largest oil producer in Africa, is unable to benefit from the global surge in oil prices caused by the Russia-Ukraine…
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NNPC Ltd launches crude theft monitoring applications
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism.
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NNPC Limited releases financial report for October 2021
The Nigerian National Petroleum Company Limited (NNPCL) has released its monthly financial and operations report for October 2021, which shows the company supplied a total of 594 million standard cubic feet of gas per day (mmscfd) to gas-fired power plants in the country as against the 557mmscfd supplied in the previous month of September 2021.
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NNPC Limited and echoes of 2007 – By Magnus onyibe
Before ex-president Olusegun Obasanjo exited Aso Rock Villa presidential seat of power in 2007, as part of his privatization program, he unbundled a significant portion of the Nigerian National Petroleum Corporation, NNPC. And the key components of that exercise were the sale of the refineries and other downstream operations assets such as the petroleum marketing…
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Five facts about the newly unveiled NNPC Limited
Nigeria’s President Muhammadu Buhari, has today unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited) in line with the provisions of the Petroleum Industry Act, 2021. The transition from a corporation which took place at the State House, Abuja, is aimed at promoting transparency, accountability and energy security.
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JUST IN: Buhari suspends inauguration of NNPC Limited Board indefinitely
President Muhammadu Buhari has suspended the inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC).
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BREAKING: Buhari directs incorporation of NNPC Limited, appoints board
Buhari directs incorporation of NNPC Limited, appoints board
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Minister announces kick off date for NNPC Limited
The Nigerian National Petroleum Corporation (NNPC) will become a commercial company within six months, the Minister of State for Petroleum Resources, Timipre Sylva said on Tuesday. This follows the signing of the Petroleum Industry Bill into law by President Muhammadu Buhari on Monday. Sylva, who was speaking at a press conference in Abuja, said a…