No fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, disclosed this at the 2020/2021 Crude oil tender prequalification bid opening ceremony, on Thursday in Abuja. He said that the event marked another transparent […]
Read More
The Nigerian National Petroleum Corporation (NNPC) says it has released its 2019 audited financial statement, about five months after publishing the corporation’s 2018 report, which was the first in its 43 years of existence. In the second audited financial statement, the corporation disclosed that it achieved a 99.7 per cent reduction in its loss profile […]
Read More
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday said the corporation is no longer afraid of public scrutiny. Kyari also lamented that the country’s laws were yet to align with current realities in the international oil market, stressing that the expected passage of the Petroleum Industry Bill (PIB) […]
Read More
The Nigerian National Petroleum Corporation (NNPC Retail), along with KCB Bank Kenya and Ghana Union Assurance have won the 2020 Africa Finance Awards. Other winners mentioned in a statement by the organisers included Credit Ville, Infinity Mortgage Bank Plc, Norremberger, Hygeia HMO, Crystal Finance, Xymbolic Development, Marvelous Mike Press, Landwey Investment, McDon Security and several […]
Read More
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday said the corporation is no longer afraid of public scrutiny. Kyari also lamented that the country’s laws were yet to align with current realities in the international oil market, stressing that the expected passage of the Petroleum Industry Bill (PIB) […]
Read More
The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. This was the submission of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, at the opening ceremony of the […]
Read More
Minister of State for Petroleum, Timipre Sylva, has demised media reports that the new draft Petroleum Industry Bill (PIB) sent to National Assembly has recommended scrapping of the NNPC. The minister allayed the fears while fielding questions from journalists at the National Assembly after an interactive session with the leadership of the assembly. He, however, […]
Read More
Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday. Kyari, in a tweet on his official Twitter handle on Monday praised the leadership of the unions for choosing the pursuit of common good. He said : […]
Read More
Oil edged lower on Friday, falling more than two per cent on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks. Brent crude futures settled at $41.92 a barrel, down two cents while U.S. West Texas Intermediate (WTI) crude futures lost six cents to $40.25 a barrel. […]
Read More The Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has said that the government spent N2.13tn from 2016 to 2019 as subsidy on foreign exchange for marketers. He disclosed this at a downstream stakeholders’ meeting which held at the NNPC headquarters in Abuja, according to a statement issued by the spokesperson of […]
Read More
The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izurah, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for totally driving a transparent bid opening processes for the rehabilitation of NNPC pipelines and its critical downstream infrastructure noting that NNPC is showing to the world that things could be […]
Read More
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector. Kyari, who stated this while playing host to members of the House of Representatives Committee on Petroleum Resources […]
Read More
