A fleet of trucks on sunday began lifting off (PMS) Premium Motor Spirit also known as petrol from the Dangote Refinery at Ibeju-Lekki, Lagos state, marking the start of its fuel distribution to meet local and international demand. Some of the trucks belonging to the Nigerian National Petroleum Corporation Limited, were seen in videos posted…
NNPC declares monster ₦2.5trn profit for 2022 The Nigerian National Petroleum Company (NNPC) Limited has reported a ₦2.548 trillion profit for 2022 financial year, representing the highest revenue recorded since its operations in 1977. The financial report stated that it recorded a loss of ₦803 billion in 2018 and ₦1.7 billion loss in 2019. According…
President Bola Ahmed Tinubu has appointed Mallam Mele Kolo Kyari as Group Chief Executive Officer of the Nigerian National Petroleum Company and Chief Pius Akinyelure as Executive Board Chairman. In a statement signed by the spokesman to the president Ajuri Ngelale said the duo is part of the new board and management of the NNPCL….
NNPC, NCDMB, IOCs sign MoU to achieve 180 days contracting cycle In a major boost for the nation’s oil and gas industry, the NNPC Ltd and the Nigerian Content Development & Monitoring Board (NCDMB) have signed a Memorandum of Understanding with the International Oil Companies (IOCs) to reduce contracting cycle to an optimal level of…
