Vice President, Kashim Shettima, on Thursday summoned the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The Vice President also summoned the National Security Adviser, Nuhu Ribadu over the recent hike in the price of Premium Motor Spirit (PMS),…
GISTSMATE MEDIA reports the Nigerian National Petroleum Company Limited (NNPCL) has warned Nigerians to get ready to witness more fuel scarcity. The warning was given by Adedapo Segun, Executive Vice President of NNPCL (Downstream), during a televised interview on Thursday. Segunās warning comes on the heels of the recent fuel price hike, which has already…
President Bola Tinubuās administration appears to have upped the petrol price from N650 to N855, according to pump price displays on Tuesday on fuel dispensers at the government NNPC stations. Amid a lingering fuel scarcity and crisis, petrol prices on dispensing machines of government-backed NNPCL stations in Lagos and Abuja on Tuesday showed N855 per…
GISTSMATE MEDIA reports that the Federal Government of Nigeria has denied a report suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited to sell fuel at N1,000 above the approved pump price. The report claimed that the Minister for Petroleum Resources (Oil), Heineken Lokpobiri, gave the NNPCL the directive. Dismissing…
The Nigerian National Petroleum Company (NNPC) Limited has announced plans to partner with private firms for the management and maintenance of its refineries in Kaduna and Warri. This initiative aims to strengthen the nationās petrol supply and enhance energy security. The announcement was made through a circular on NNPCās official X account on Thursday. The…
Controversies are trailing death of 23-year-old man, Asher Christopher, inside a Nigeria National Petroleum Company(NNPC) office building located at Moscow road, Port Harcourt, Rivers State. However, members of family the deceased said to be from Akwa Ibom state have called for thorough investigation into circumstance surrounding his death on Tuesday, 20th August, 2024. Father of…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted to allegations made by former Vice President Atiku Abubakar, accusing President Bola Tinubu of attempting to mortgage Nigeriaās future through the acquisition of OVH Energy by NNPC Ltd. In a statement titled āOVH Acquisition: The Facts, by NNPC Ltd,ā the company denied any personal interest…
GISTSMATE MEDIA reports the Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCLās vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations…
GISTSMATE MEDIA reports that the Nigerian National Petroleum Company Limited (NNPC Ltd.), on Monday, August 19, said it has not paid fuel subsidy to any entity since the past nine years. Umar Ajiya, the Chief Financial Officer of NNPC Limited while speaking said the company was only taking care of Premium Motor Spirit (PMS) importation…
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion. In a world press conference held at the NNPC…
