AGS NEWS – Dangote Refinery has approached the Abuja branch of the Federal High Court, seeking to annul the import licences granted to the Nigerian National Petroleum Company Limited, NNPCL, Matrix Petroleum Services Limited, and A. A. Rano. Dangote, in … Continue reading Dangote Refinery in court seeking annulment of import licences to NNPCL, others
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared a N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd, Umar Ajiya who addressed newsmen on Monday on the development, said this … Continue reading BREAKING: NNPCL declares N3.3trn profit for 2023 financial year
AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC) has requested a refund of N4.71 trillion from the Federal Government to cover debts incurred for importing Premium Motor Spirit (PMS), commonly known as petrol. This claim, covering the period … Continue reading NNPCL demands N4.7tn petrol imports refund
The Nigerian National Petroleum Company Limited (NNPC) has announced that the $2.8 billion Ajaokuta–Kaduna–Kano gas pipeline project, currently being constructed by Oilserve Limited, is set to be inaugurated next month. Oritsemiyiwa Eyesan, the Executive Vice President, Upstream, NNPC Limited, disclosed … Continue reading NNPCL set to inaugurate $2.8 billion AKK gas pipeline in December
The Nigerian National Petroleum Company Limited (NNPC) announced on Tuesday that it has introduced a new crude oil grade called ‘Nembe’ and has already shipped its inaugural cargo in October, comprising two shipments of 950,000 barrels each. The first cargoes … Continue reading NNPC introduces new crude grade and ships 1.9 million barrels in October
The Nigerian National Petroleum Corporation Limited (NNPCL) has successfully obtained a $3 billion loan aimed at repaying crude oil debt, as revealed in a concise statement posted on the company’s official X platform (formerly known as Twitter) account on Wednesday. … Continue reading NNPCL obtains $3 billion loan to stabilize naira amid forex crisis
During the Presidential Groundbreaking ceremony of the 350MW power project, the President, Bola Tinubu, ordered the Nigerian National Petroleum Company Limited (NNPCL) to ensure the completion of the project within three years. The power project is the first phase of … Continue reading Tinubu directs NNPCL to complete 350MW power plant in three years
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
The House of Representatives, during its session on Thursday, took a significant step by establishing an ad hoc committee to conduct a thorough investigation into the Nigerian National Petroleum Company Limited (NNPCL) regarding the alleged diversion and conversion of a … Continue reading House of Representatives launches investigation into alleged N20 billion diversion by NNPCL officials
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