NNPCL
Ex-NNPCL boss Mele Kyari Dismisses Arrest Rumors
The claim that I was in the custody of the Economic and Financial Crimes Commission, EFCC is clear mischief and a calculated attempt by the newspaper and its sponsors to achieve a desired outcome, which only them know. Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has […]
2bn Crude-for-Loan Deal: AGF Vows to Investigate Mele Kyari
Amid intensifying public outrage and mounting legal pressure, Nigeria’s Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has pledged a full-scale investigation into the $2 billion crude-for-loan deal involving the Nigerian National Petroleum Company Limited (NNPCL) under the leadership of its former Group Chief Executive Officer, Mele Kyari. The assurance came […]
Ojulari Begins Tenure as NNPCL CEO
Bashir Ojulari has officially taken over as the new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), succeeding Mele Kyari. This development comes about 48 hours after his appointment, marking a significant milestone in the company’s history. The CEO handover ceremony took place at the NNPCL Towers. Ojulari assumed the reins […]
NNPCL Names New 8-Man Management Team
The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-man senior management team. This team will oversee the company’s operations. They will also set the strategic direction. This move is aimed at driving growth, efficiency, and profitability in the organization. New Management Team Members:– Rowland Ewubare: Group Chief Operating Officer– […]
Stakeholders Charge New NNPCL GCEO on Transparency, Accountability
NEITI congratulated the newly appointed GCEO of NNPCL, Mr. Bayo Ojulari. They urged him to prioritize transparency, accountability, and good governance in the company’s operations. This call was made by the Executive Secretary of NEITI, Dr. Orji Ogbonnaya-Orji, in a congratulatory message to the new GCEO and board appointed by President Bola Tinubu. The Nigerian […]
NNPCL Increases Petrol Price to N950/Litre
The Nigerian National Petroleum Company Limited (NNPCL) has announced a significant increase in the pump price of petrol. This change is expected to have far-reaching implications for the Nigerian economy. The price has risen from its previous rate to a new rate of N950/litre. This development comes amidst market adjustments and economic pressures that have […]
Petrol Price Review: Imported Fuel Landing Cost Drops
The landing cost of imported petrol has dropped to N797.66/litre, a development that is expected to bring relief to Nigeria’s fuel market. This decrease in landing cost is attributed to the fluctuations in global crude oil prices and the exchange rate between the naira and the US dollar. The drop in petrol landing cost is […]
Naira-for-Crude Policy Under Review: Finance Minister, NNPCL Meet
The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to assess developments and reaffirm commitments to the policy framework. Naira-for-Crude meeting had in attendance keys stakeholders, including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and representatives from the Nigerian National Petroleum […]
Nigeria Loses $577.6m as FG Waives Road Tax Credit for NNPCL
The Federal Government has forgone a staggering $577.6 million in tax revenue under the Road Infrastructure Tax Credit Scheme to the Nigerian National Petroleum Company Limited (NNPCL) from February to December 2024. This development has sparked concerns about the long-term implications of such revenue forfeitures, especially as the country grapples with economic pressures. The Road […]
NNPCL and Ssonic Petroleum Seal 20-Year Gas Supply Agreement
In a move set to significantly boost Nigeria’s energy production, the Nigerian National Petroleum Company Limited (NNPCL) has signed a 20-year gas supply agreement with Ssonic Petroleum. This landmark deal is expected to provide a stable and reliable supply of gas to power plants across the country, thereby enhancing energy security and reducing the nation’s […]