AGS NEWS – Four days before the planned start date of September 15, 2024, for lifting petrol from the Dangote Refinery, AGS NEWS has found that no commercial agreement has been finalized between the Nigerian National Petroleum Company Limited (NNPC) … Continue reading Why NNPC may not lift Dangote petrol on Sunday
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC) and its joint venture partner, Chevron Nigeria Ltd., have completed the conversion of five joint venture assets, aligning with the Petroleum Industry Act (PIA) of 2021. NNPC’s Chief Upstream Investment … Continue reading NNPC, Chevron target 165,000 bpd in JV assets conversion
AGS NEWS – The Federal Government is committed to reducing the rising cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, according to Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas). Ekpo made this statement on … Continue reading FG plans intervention as cooking gas hits N1,300/kg
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC) has begun shipping Liquefied Natural Gas (LNG) to Japan and China on a Delivered Ex-Ship (DES) basis. This move aligns with NNPC’s goal of becoming a leading global energy supplier, … Continue reading NNPC begins natural gas export to Japan, China
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC) announced the discovery and confiscation of 63 illegal refineries last week, highlighting ongoing efforts against oil theft. The refineries were located in Bayelsa, Rivers, Abia, Imo, and Delta States. During … Continue reading 63 illegal refineries seized in one week – NNPC
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC) has requested a refund of N4.71 trillion from the Federal Government to cover debts related to importing petrol. The claim, detailed as “Exchange rate differential on PMS and other joint … Continue reading NNPCL demands N4.7tn petrol imports refund
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC) aims to boost crude oil production to two million barrels per day by the end of the year. According to the Nigerian Upstream Petroleum Regulatory Commission, the country’s daily production … Continue reading NNPC targets two million barrels oil production daily
AGS NEWS – Senior Advocate of Nigeria, Olisa Agbakoba, has advised the Nigerian National Petroleum Company Limited (NNPCL) against taking over the Dangote Refinery. This follows businessman Aliko Dangote’s suggestion that NNPCL should buy the refinery if it would end … Continue reading Agbakoba warns NNPC against taking over Dangote refinery
AGS NEWS – In a significant step to boost Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million final investment decision for the Ubeta Field Development Project. This decision aligns with President Bola Tinubu’s Presidential Executive … Continue reading NNPC, TotalEnergies commit $550m to boost Nigeria’s gas production
The House of Representatives has expressed concern over the Nigerian National Petroleum Company Limited (NNPCL) allegedly withholding public revenue amounting to about N2 trillion. In a motion raised by Uduak Odudoh, the House accused the NNPCL of disrespecting the collective … Continue reading Lawmakers probe alleged N2 trillion non-remittance by NNPCL
Femi Falana, Nigerian Human Rights Lawyer and Senior Advocate of Nigeria, has stated that the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise the pump price of petroleum is unlawful. Speaking during an emergency meeting of the Nigeria Labour … Continue reading NNPC’s pump price increase of petrol is illegal – Femi Falana
The Nigerian National Petrol Company (NNPC) has officially announced an increase in petrol prices following President Bola Tinubu’s declaration of an end to subsidies. Mele Kyari, the first group CEO of NNPC, explained that the price hike is a result … Continue reading Kyari: Nigerians are lucky petrol price remains below N1000 per litre
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), addressed concerns over the increasing prices of petrol, also known as Premium Motor Spirit (PMS), across the country. Kyari stated that competition among major players … Continue reading Petrol price will reduce as subsidy measures take effect – NNPC boss
The Nigerian National Petroleum Company (NNPC) Ltd has received commendations from prominent businessmen and entrepreneurs, Alhaji Aliko Dangote and Mr. Tony Elumelu, for its exceptional performance and efforts in the oil industry. Dangote, Africa’s richest man and Chairman of Dangote … Continue reading Prominent entrepreneurs applaud NNPC’s remarkable achievements under Kyari’s leadership
The Nigerian National Petroleum Company Limited (NNPCL) has clarified the reason behind the gratuity payments made to its Chief Executive Officer, Mele Kyari, and Chief Financial Officer, Umar Ajiya, while they were still in active service. The gratuity, which is … Continue reading NNPCL confirms gratuity payments to CEO Kyari and CFO Ajiya during active service
A potential crisis is emerging within the Nigerian National Petroleum Corporation (NNPC) Limited, as allegations of gratuity payments totaling billions of Naira to the Chief Executive Officer, Mele Kyari, and the Chief Financial Officer, Umar Ajiya, have surfaced. Gratuity is … Continue reading NNPC’s CEO Mele Kyari and CFO Ajiya secretly pay themselves billions of Naira as gratuities, sparking a fresh crisis in Nigeria’s petroleum company
On Friday, the Nigerian National Petroleum Company (NNPC) revealed that over N400 billion is being spent on subsidizing Premium Motor Spirit (PMS), commonly known as petrol, on a monthly basis. This was disclosed by Malam Mele Kyari, the NNPC’s Group … Continue reading Budget for fuel subsidy rises above 400 billion monthly – NNPC
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