Tag: NNPCL

NNPCL In Financial Stress, Fresh Fuel Crisis Looms In Nigeria

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NNPCL In Financial Stress, Fresh Fuel Crisis Looms In Nigeria

The pump price of Premium Motor Spirit (petrol) may rise as the Nigerian National Petroleum Company, NNPCL, has admitted financial stress. NNPCL’s spokesperson, Olufemi Soneye admitted on Sunday that the firm was strained by fuel supply costs. He stated that “This financial strain has placed considerable pressure on the Company and poses a threat to…

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Finance and Economy

NNPC Gets Presidential Order To Sell Crude Oil To Dangote In Naira

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NNPC Gets Presidential Order To Sell Crude Oil To Dangote In Naira

President Bola Tinubu has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, made this known in a statement via X. According to him, Tinubu’s decision was aimed at ensuring the…

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Finance and Economy, Trade and Commerce

NNPCL, Marketers Clash As Operators Peg Petrol At N1,200/litre

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NNPCL, Marketers Clash As Operators Peg Petrol At N1,200/litre

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again over the removal of subsidy on petrol. This came against the backdrop of the depreciation of the naira against the United States dollar at both the official Investors & Exporters Window…

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Petroleum

World Bank Indictment: CNPP, CSOs Call For Forensic Probe of NNPC Limited

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World Bank Indictment: CNPP, CSOs Call For Forensic Probe of NNPC Limited

Conference Of Nigeria Political Parties (CNPP) and its allied civil society organisations (CSOs) under the aegis of the Coalition Of Civil Society Organisations Against Inept Leadership, have called for forensic probe of the Nigerian National Petroleum Company Limited (NNPCL) and the defunct Nigerian National Petroleum Corporation (NNPC) over years of unremitted and under remitted revenues….

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News

PRESIDENT TINUBU APPOINTS NNPC BOARD AND MANAGEMENT TEAM

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PRESIDENT TINUBU APPOINTS NNPC BOARD AND MANAGEMENT TEAM

President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023. This executive act is in compliance with Section 59 (2) of the Petroleum Industry Act, 2021. The full list of the board members as disclosed by the…

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Governance

Rehab Work At Warri Refinery Will Not Be Affected By Fire Outbreak – NNPCL

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Rehab Work At Warri Refinery Will Not Be Affected By Fire Outbreak – NNPCL

The Nigeria National Petroleum Company Limited (NNPCL) has assured the nation that the fire which broke out at the Warri Refinery and Petrochemical Company (WRPC), will not affect the delivery timing of rehabilitation works at the facility. Management of the NNPCL disclosed this in a statement posted on its official X handle on Friday evening….

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News