The Group Chief Executive Officer of Nigerian National Petroleum Company, Mr. Bayo Ojulari, on Monday, reported to his duty post amid rumours of his resignation. Ojulari, who was reported to have thrown in the towel late last week, today reported to work at about 9:35 am, putting to rest claims and counterclaims of his…
The days of Bashir Bayo Ojulari as the group CEO of the Nigerian National Petroleum Corporation (NNPC) Limited are numbered, TheCable has been informed. Although there are reports that he has resigned, TheCable learnt from insiders that he has not thrown in the towel yet, “but only a miracle will keep him in office at…
The Nigerian National Petroleum Company Limited 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. ‎Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, made the announcement during a company-wide town hall meeting at the NNPC Towers in Abuja, ending…
The Governor of Gombe State, Inuwa Yahaya, said the Nigerian National Petroleum Company Limited (NNPC Ltd) has resumed crude oil drilling at a field in the boundary of Bauchi and Gombe states. Mr Yahaya said this at the ongoing two-day Interactive Session on Government-Citizens Engagement at the Arewa House, Kaduna. The forum, organised by the…
The Nigerian National Petroleum Company (NNPC) Limited is considering the sale of Nigeria’s refineries, the group chief executive officer (CEO) of the company, Bayo Ojulari has said. Ojulari, in an interview with Bloomberg, said revamping state-owned refineries is becoming more complicated than expected. Recall that the NNPCL had in November 2024, announced that the Port…
… As Stakeholders Asked INEC To Account For Over N300bn IREV Allocation For 2023 Elections Chairman, Senate Committee on Public Accounts, Senator Aliyu Wadada on Monday clarified the parliament’s position on the ongoing investigation into the financial status of Nigerian National Petroleum Corporation Limited (NNPC) to the tune of N210 trillion. The Senator stated this…
The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit price. DAILY POST correspondent gathered that the NNPCL retail outlets in Abuja on Saturday slashed their petrol pump price to N910 per litre from N945. This was the case in NNPCL filling stations in Zone 6, Kubwa Expressway, Wuse Zone 4, and…
The Nigerian National Petroleum Company (NNPC) Limited on Monday increased prices of fuel from N910 to N945 in Abuja and from N870 to N915 in Lagos. The new pump price increase reflects a N35 and N45 hike in the amount previously sold in Abuja and Lagos respectively. It was observed that some fuel stations in…
The Senate Committee on Public Accounts, chaired by Aliyu Wadada, has raised serious alarm over discrepancies involving trillions of naira in the audited financial statements of the Nigerian National Petroleum Company Limited (NNPC), describing the revelations as mind-boggling and worrisome. During the investigative session on Wednesday, where the Chief Financial Officer, Dapo Segun, appeared before…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a scheduled maintenance shutdown of the Port Harcourt Refining Company (PHRC), set to begin on May 24, 2025. In a statement released on Saturday by the Chief Corporate Communications Officer, Femi Soneye, the NNPC said the shutdown is part of a planned maintenance and sustainability…