By Adewole Kehinde “Things never happen on accident. They happen because you have a vision, you have a commitment, you have a dream”. – Oscar de la Renta It is so ridiculous for someone who lacks knowledge of the oil industry to say “As of today, the oil industry in Nigeria is on life support and will die in short […]
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The Integrity Youth Alliance has called on the Mega National Movement For Good Governance to stop dancing naked in public. Responding to the Coalition’s demands for the sack of Mele Kyari and the probe of allegations of monumental corruption entrenched in NNPCL under his watch, the Board Chairman of the Integrity Youth Alliance, Comrade Adewole Kehinde, said on Saturday, October […]
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The Nigerian National Petroleum Company Limited (NNPCL) has said it has no intention to increase the retail price of petroleum. The Company said this in a statement posted via its official X platform on Friday afternoon. The NNPCL made this known in reaction to wide speculation that the company was set to raise petroleum pump prices. “Dear esteemed customers, we […]
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The Nigerian National Petroleum Company Limited has invited interested Insurance Brokers registered in Nigeria, to bid as Brokers for its Non-Oil Assets and Liabilities Insurance Programme for the 2024/2025 period. According to a statement signed by the management of the NNPC Limited, the complete details on eligibility, criteria, and submission guidelines are available on our official website when you visit […]
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Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has urged contractors handling the Obrikom, Obiafo, and Oben (OB3) gas pipeline project to ensure its completion by December this year. He stated this during a tour of the 48 × 1.8km gas pipeline project designed to run across the River Niger, conveying gas from the South-South and South-East to the […]
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The Nigerian National Petroleum Company Limited has given an update on the fuel pump price amid rising crude oil prices. The Acting Chief Corporate Communications Officer of NNPCL, Iyabode Ayobami-Ojo, allayed fears of another hike in the petrol pump price on Thursday. She stated that, in line with the Petroleum Industry Act (PIA), the NNPCL has responsibility for ensuring energy […]
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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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