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 …

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mallam Mele Kyari has announced that the NNPC as a corporation grew its profit after tax and assets from N287 billion and N15.86 trillion in 2020, to N674 billion and N16.3 trillion in 2021, respectively. Kyari said in Abuja that the 2021 profit is contained in the Group Audited Financial …

The Minister of State for Petroleum Resources, Chief Timipre Sylva, and his colleagues on the Board of the Nigerian National Petroleum Company Limited (NNPC Ltd.) have expressed satisfaction with the progress of work at the Port Harcourt Refinery, Rivers State, which is process 60,000 barrels per stream day (bpsd) into the market beginnning from the third quarter of next year …

In order to tackle the challenges of gas flaring in Nigeria, the Nigerian National Petroleum Company Limited (NNPC Ltd) is to ensure that any proposed project without clear-cut plans to commercialise or use up its associated gas would no longer be approved. The NNPC Group Managing Director, Malam Mele Kyari said that gas utilisation was a major priority of both …