It is important to address the concerns raised in Farooq Kperogi’s recent article, Tinubu’s Buharisation of NNPC, and to clarify some of the misconceptions about the operations and leadership structure of NNPC Limited (NNPCL). First, employment, promotions, appointments, and movements of business leaders at the NNPCL are not influenced by ethnicity, tribe, religion, or political affiliation. Therefore, decisions within the …

After the sustained, unwarranted personal attacks I endured for eight years from northerners for unswervingly calling out what I called the “embarrassingly undisguised Arewacentricity of (Muhammadu) Buhari’s appointments” in a 2 February 2019 column titled Even Ahmadu Bello Would Be Ashamed of Buhari’s Arewacentricity, I promised that I would look the other way if a southern president returned the favour …

Intense pricing competition emerged in the nation’s downstream sector on Saturday after the Nigerian National Petroleum Company Limited (NNPCL) reduced its ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol, to N899 per litre. This decision, coming days after the Dangote Refinery reduced its price to N899, was confirmed by the Petroleum Products Retail Outlets Owners Association …

Less than a month after the Port Harcourt Refining Company appeared to have resumed production, the facility has stopped working. According to Saturday PUNCH, who visited the refinery on Thursday, 19 December 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped. Saturday PUNCH gathered that the lifting of petrol actually stopped last Friday, 13 December, as the …

Barely two months after a Sikorsky SK76 helicopter operated by East Aviation crashed in Port Harcourt, the Nigerian Safety Investigation Bureau (NSIB) has disclosed that its handlers violated several of the Nigeria Civil Aviation Regulations (NCAR) directives. Although the bureau was silent on whether or not the vices led to the unfortunate incident, the act shows gaps in the regulatory …

The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the firm facilitated the $3bn Gazelle loan as a critical intervention to help stabilise the federation’s foreign exchange crisis. The Chief Corporate Communications …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sought a reduction in the price of petrol across the country. The group urged the Dangote refinery to consider reducing its ex-depot price from N970 per litre since the estimated cost of landing petrol on Nigeria’s shores has dropped to N900.28 per litre. President Bola Tinubu had during a Federal Executive …

NNPC Limited (NNPCL) has said that the new Port Harcourt refinery is over 90 per cent completed. The Port Harcourt Refining Company (PHRC), operates two refineries; the old plant with a capacity of 60,000 barrels per stream day (bpsd) and a new facility with 150,000 bpsd, bringing the refinery’s combined crude processing capacity to 210,000 bpsd. Receiving leaders of the …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, according to The PUNCH. This follows an agreement reached with the refinery last month by IPMAN. It was learned that IPMAN members have so far lifted millions of litres of petrol from the Dangote refinery located in the Lekki free …

No fewer than 45,689 applicants are on Saturday, (today) taking part in a Computer-Based Aptitude Test as part of the recruitment process to secure employment at Nigerian National Petroleum Company Limited (NNPCL). The aptitude test, currently being administered at the Ansar-Ud-Deen Society Centenary Resource Centre in Maitama, Abuja, as well as at various other testing centres across Nigeria, marks the …