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 …

The National Hajj Commission of Nigeria (NAHCON) said it had reached an agreement with NNPC Limited for the availability of Jet A fuel to enable seamless transportation of pilgrims to Saudi Arabia. According to a statement on Friday by the commission’s Assistant Director, Public Affairs, Fatima Usara, NAHCON Chairman/Chief Executive Officer, Alhaji Zikrullah Hassan advised the approved air carriers to …

Nigeria’s oil production has increased to 1.6 million barrels per day, the highest level in months, according to NNPC Limited (NNPCL). NNPCL’s announced this At the company’s final cut over event on Friday, Group Chief Executive Officer, Mallam Mele Kyari was excited while announcing that Nigeria is now on track to hit an oil production level of 1.8 million barrels per …

A Federal High Court in Abuja has sentenced an ex-Group Executive, Exploration and Production of the NNPC Limited, Abiye Membere, and a former Managing Director of the Nigerian Petroleum Development Company, (NPDC), Victor Briggs to two years imprisonment each upon their conversation for official corruption. In a judgment on Tuesday, Justice Nnamdi Dimgba convicted Membere and Briggs for accepting gifts …

NNPC Limited has announced that the country requires N4.27 trillion to subsidise fuel in order to alleviate the ongoing nationwide shortage. Its Group CEO, Mallam Mele Kyari said, in a recent interview on Channels TV‘s The 2023 Verdict that the NNPC sells fuel to oil marketing companies at N113 per litre with the goal of setting a market price of …

The Nigerian National Petroleum Company Limited (NNPC) has blamed fuel queues in Lagos State and Abuja on ongoing construction projects in the cities. NNPC’s Executive Vice President for Downstream, Adeyemi Adetunju told a news conference in Abuja on Tuesday: “The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some …