President Bola Tinubu on Wednesday, appointed Engineer Bashir Ojulari as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited. As announced by the Special Adviser to the President (Information & Strategy), Bayo Onanuga, the president had invoked Section 59, subsection 2 of the Petroleum Industry Act, 2021, which emphasised that the…
President Bola Tinubu, in a sweeping reconstitution of the Nigerian National Petroleum Company, NNPC, Limited board, has sacked the Group Chief Executive Officer, GCEO, Mallam Mele Kolo Kyari, and the board chairman, Chief Pius Akinyelure. President Tinubu also removed all other board members appointed with Akinyelure and Kyari in November 2023. This was made public…
The National Publicity Secretary of the Independent Petroleum Marketers of Nigeria (IPMAN) Chinedu Ukadike has said that petrol marketers may be forced to retail petroleum products in dollars following the decision of the Dangote Petroleum Refinery to end the sale of petroleum products in Naira and sell in the dollar. This follows the expiration of…
The Nigerian National Petroleum Company Limited has dismissed reports of an explosion at the Port Harcourt Refining Company in Rivers State. NNPC described the incident as a minor flare event that posed no threat to the refinery nor the community. In a statement on Wednesday, NNPCās Chief Corporate Communications Officer, Olufemi Soneye, clarified that there…
The Independent Petroleum Marketers of Nigeria has said that the price war between the Nigerian National Petroleum Company Limited and Dangote Petroleum is affecting its members. The Chairman, IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu states, Mr Chinedu Anyaso, stated this during an interview with journalists in Awka, Anambra State, on…
Some social media reports have alleged that Sim Fubara, governor of Rivers, has shut down operations of the Nigeria National Petroleum Corporation (NNPC) in the state. The report also alleged that Fubara directed his loyalists to destroy pipelines transporting crude oil to Lagos and Abuja. Olufemi Soneye, NNPC chief corporate communications officer, debunked the information…
Some retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price to N860 per litre. Our correspondent observed that while there is no official communication from the NNPCL Retail yet, some stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday. This comes…
The Federation Accounts Allocation Committee (FAAC) meeting scheduled for Wednesday was postponed due to a dispute between states and the Nigerian National Petroleum Company (NNPC) Ltd over unpaid remittances. States boycotted the meeting until NNPC settles an estimated N1.7 trillion in revenues, which have been pending since the full removal of the petrol subsidy in…
In the spirit of love, the Nigerian National Petroleum Company Limited went the extra mile this Valentineās Day, ensuring thousands of drivers hit the road with free fuel. As part of the #FueledWithLove initiative, over 2,500 motorists received complimentary fuel worth ā¦10,000 each at select stations across Nigeria. Sharing the story on X (formerly Twitter)…
The Nigerian National Petroleum Company Limited (NNPCL) has announced a slight reduction in petrol prices at its retail stations, lowering the pump price from N960 to N945 per litre. The new pricing took effect on Thursday, February 13, 2025, following an official directive from the companyās headquarters. According to Politics Nigeria, At an NNPC filling…