The Senate says it will invite the Nigerian National Petroleum Company Limited (NNPCL) over the lack of funds to explore and develop new frontier acreages. The Senate through its Chairman, Committee on Gas, Jarigbe Jarigbe, made this known on Friday while briefing journalists after a closed-door session with the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), …

The Nigerian National Petroleum Company Limited (NNPCL), on Friday, confirmed a fire outbreak at the Warri Refinery and Petrochemical Company Limited. It, however, stated that the fire was contained, adding that the incident would not affect the ongoing rehabilitation of the refinery. The national oil firm disclosed in a post on its official X (formerly Twitter) handle, captioned, ‘Minor fire …

NNPC Limited has debunked claims that it is planning to increase its pump prices for Premium Motor Spirit (PMS), commonly referred to as petrol. In a statement shared Friday on X, the company’s management said: ”We do not have the intention to increase our PMS pump prices as widely speculated”. According to NNPC Limited, its retail stations sell the best …

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Barrister Dele Kelvin Oye has commended President Bola Ahmed Tinubu, Indorama Eleme Petrochemicals Limited and the NNPC Limited on the successful signing of a landmark Memorandum of Understanding (MoU) worth US$ 7 billion to promote gas utilisation in Nigeria. In a statement, Oye said …

Another hike in the pump price of Premium Motor Spirit (popularly called petrol or fuel) is imminent, marketers warned on Sunday. They blame the situation on the increased cost of crude oil and depreciation of the Naira. Crude oil cost and the exchange rate account for over 80 per cent of the cost of PMS. Brent crude, the global benchmark …

The Nigerian National Petroleum Company Limited (NNPCL) has appointed new executive vice presidents for the upstream, downstream and gas sectors. The appointment was announced  by the company’s Chief Corporate Communications Officer, Garba Deen Muhammad and made available to the public via NNPCL’s official handle on X(formerly Twitter). PRESS RELEASE NNPC LTD. MAKES SENIOR MANAGEMENT CHANGES In line with NNPC Ltd.'s …

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, and the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (MMDPRA), Farouk Ahmed, yesterday shunned a probe of irregularities and alleged corruption in the NNPCL. The probe, carried out by the House of Representatives ad hoc committee, headed by Hon. Abubakar …

The House of Representatives  Ad-hoc Committee on Crude Oil Theft has insisted that the heads of the Nigeria National Petroleum Ltd, (NNPCL); Nigeria Maritime Administration and Safety Agency, (NIMASA) and the Nigeria Inland Waterways Authority, (NIWA) must appear physically for investigation. The chairman, Hon. Alhassan Rumrum, gave this indication at the resumed hearing of the panel yesterday when heads of …

NNPC Limited (NNPCL) has partnered with NIPCO Group to deploy 35 Compressed Natural Gas (CNG) stations nationwide. NNPCL Group Chief Executive Officer, Malam Mele Kyari said the initiative is in addition to the phased deployment of 56 CNG stations planned by NNPCL Retail across the country. He said at a briefing that once the partnership takes off, the stations could …

A pattern has emerged in the arguments many of the partisan and ideological critics routinely make on television stations. There is this tendency to always muddle up facts and mislead the public, notably through willful ignorance. One point that has been erroneously made is the view that the Federal Government is not doing anything about fixing the four refineries it …