In a major boost for the nation’s oil and gas industry, the NNPC Ltd and the Nigerian Content Development & Monitoring Board (NCDMB) have signed a Memorandum of Understanding with the International Oil Companies (IOCs) to reduce the contracting cycle to an optimal level of not more than 180 working days. The MoU, which was executed on Monday at the […]
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Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to the federation account in 2021 before transitioning to a commercial venture, the federal government has the biggest indebtedness to the national oil company with about N4.1trn ($9.74bn) for subsidy payment. NEITI had last Monday disclosed in […]
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Contrary to reports by some online media that the Nigerian National Petroleum Company Limited (NNPCL), under the leadership of Group Chief Executive Officer Mele Kyari was conducting secret recruitment without board approval, this newspaper has reliably discovered the contrary. The report claimed that about 35 people were allegedly recruited secretly into the NNPC Limited and were either undergoing medical examinations […]
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By Adewole Kehinde On Thursday, an online medium had this headline: “Subsidy Returns as FG Reportedly Pays N169.4 Billion in August to Keep Petrol Price at N620/L” (Legit). Another print medium says, “Subsidy Back As FG Pays N169.4bn In August” (Daily Trust). Although they both relied on a document by the Federal Account Allocation Committee (FAAC), the Presidency has reaffirmed […]
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…Becomes 1st State-owned oil company to Join Global Initiative The Nigerian National Petroleum Company (NNPC) Ltd. has signed up as a participant in the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. In a short ceremony on the sidelines of His Excellency, President Bola Ahmed Tinubu’s session during the Global Africa Business […]
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All management workers with fewer than 15 months before mandatory retirement have been forced to retire by Nigerian National Petroleum Company Limited. In an early Tuesday morning release, the company stated that the affected employees’ retirement was effective immediately, emphasizing that the move would assist its business objectives. According to the NNPCL’s official X (previously Twitter) handle, “In our bid […]
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The Integrity Youth Alliance has said that the Nigerian National Petroleum Company Limited is not complicit in oil theft, as reported in an online medium. Reacting to the house’s ad hoc committee investigating crude oil theft and loss of revenue from oil and gas companies that said the chief culprit appeared to be the Nigerian National Petroleum Company Limited, the […]
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By Adewole Kehinde “The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty.” Winston Churchill Nigerians would recall that on September 5, 2023, President Bola Tinubu arrived in New Delhi, the capital of India, for a six-day official visit, during which he will attend the G-20 Leaders’ Summit among other engagements. The President met with Indian […]
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The Nigeria National Petroleum Company Limited has announced three executive appointments in line with NNPC Ltd.’s commitment and drive for organizational renewal, anchored on our business imperatives, standards of excellence, people development, and strengthening our competencies and capabilities through broad-based leadership exposures. NNPCL disclosed this in a statement signed by the Chief Corporate Communications Officer, NNPC Ltd., Garba Deen Muhammad, […]
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The Nigerian National Petroleum Company Limited (NNPCL) has signed a $7 billion gas supply deal with Indorama Eleme Petrochemicals Limited. NNPCL disclosed this in a statement signed by the Chief Corporate Communications Officer, NNPC Ltd., Garba Deen Muhammad, on Saturday in Abuja. The Group Chief Executive of the NNPCL, Mele Kyari signed the agreement for the state-owned oil company while […]
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