Tag: NNPC
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No Increase in Fuel Price in February – NNPC
The Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021. This was disclosed in a press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru. The statement explained that the decision was to allow ongoing engagements with organized…
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Scarcity: NNPC, other stakeholders debunk fresh fuel hike rumours
The Nigerian National Petroleum Corporation (NNPC) on Tuesday allayed nationwide fears over alleged plans to hike pump price of petrol. TheNewsGuru.com, TNG reports that some states including the FCT are experiencing scarcity of the product as some filling stations shut down. This has led to fears of a possible hike in the product. TNG also…
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NNPC Pledges Support for $3.6bn Brass Methanol Plant
The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment at the signing of the Final Investment Decision (FID)…
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NNPC Records 92% Increase in Sales of Petroleum Products in October
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from the sales of white products in the month of October 2020 representing 92% increase over the ₦80.15 billion sales in September 2020. A press release by the Group General Manager,…
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Kyari Mourns Festus Marinho, Pioneer MD of NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has lamented the death of the pioneer Managing Director of the Corporation, Chief Festus Remi Ayodele Marinho. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that Chief Marinho, who passed away yesterday, was…
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NNPC posts N28 billion trading surplus
The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020, posting a trading surplus of ₦28.38 billion. This is contained in a statement signed and released on Sunday by Dr. Kennie Obateru, Group General Manager, Group Public Affairs…
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EFCC begs court to inspect money seized from ex-NNPC GMD in Kano
The Economic and Financial Crimes Commission (EFCC), on Thursday, urged the Federal High Court, Abuja, to visit the Kano branch of the Central Bank of Nigeria (CBN) to inspect the money seized from the former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu. Counsel to the EFCC, Mohammed Abubakar, while…
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NNPC restates commitment to OPEC+ agreement
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated this Wednesday while speaking at the ongoing virtual Gulf…
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NNPC set to deepen compliance with EITI Standards
In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as a Supporting Company, the Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Ms. Murjanatu Ibrahim Gamawa as EITI Implementation Programme Manager to help drive speedy attainment of the EITI requirements across…
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NNPC Committed to Bringing Down Cost of Production, Remaining Competitive – Kyari
The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians. A statement from the Group General Manager, Group Public Affairs Division,…