NNPC Limited (NNPCL) has announced a net profit of N3.297 trillion for the financial year ending December 2023, marking a 28% increase from the N2.548 trillion profit recorded in 2022. A statement by Chief Corporate Communications Officer, Olufemi Soneye, on Monday noted that this achievement, the highest in the company’s 46-year history, was disclosed during a world press conference at …

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has called on members of the public, especially jobseekers, to discountenance rumours of employment slots for sale. In a statement obtained by newsmen, Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, stated that there is no iota of truth in the insinuations that it has employment slots on offer to anyone who …

A fire incident has been reported on Akaso 4 Wellhead operated by NNPC 18 Operating Limited. The incident which has extended along the adjacent riverbank is reported to have occurred on Friday at about 11:12 pm. NNPC 18 Operating Limited has confirmed that a rapid response emergency team has been deployed to secure the well, address the incident and isolate …

The NNPC Limited (NNPCL) is set to hire more workers. The NNPCL spokesperson, Olufemi Soneye, confirmed this in a statement on Friday. Soneye said the recruitment would be for various positions across various departments within the energy company. He directed interested applicants to visit the NNPCL careers page for application instructions. “NNPC Ltd is pleased to announce that we are …

Africa’s richest man, Aliko Dangote, is not a stranger to adversity or its more sinister cousin, sabotage. One of the bitterest battles he has fought in the last 25 years – the cement war – was against his kinsman and founder of BUA Group, Abdulsamad Rabiu. Folks close to both men have tried to patch them up, but the embers …

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mallam Mele Kyari has said he does not own a blending plant outside Nigeria. Kyari stated this on Tuesday, reacting to claims by the President of the Dangote Group, Alhaji Aliko Dangote, that some officials of the NNPC have blending plants in Malta. Amid the crisis surrounding his …

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery. Dangote said this while briefing journalists in Lagos State on Sunday. He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in …

NNPC Limited (NNPCL) has warned motorists and the public against panic buying of Premium Motor Spirit (PMS), commonly referred to as petrol. In a statement on Tuesday, NNPCL’s Chief Corporate Communications Officer, Mr. Olufemi Soneye said the corporation emphasised that the supply and distribution of petrol across the nation have witnessed significant improvements. According to Soneye, NNPCL officials have conducted …

The Group Chief Executive Officer of the NNPC Limited, Malam Mele Kyari, on Tuesday, in Abuja said the Federal Government still owes the company N2.8 trillion that it had spent on petrol subsidy. “Today, we are waiting for them to settle up to N2.8 trillion of NNPC’s cash flow from the subsidy regime and we can’t continue to build this”, …

The announcement that the Bola Tinubu administration would not continue the fuel subsidy regime triggered off fuel queues in Lagos and Abuja, but NNPC Limited assured late yesterday that there is sufficient supply of Petroleum Motor Spirit (PMS). But there are reports that some stations are already selling fuel for between N350 and N800 per litre as against the official …