The Nigeria National Petroleum Company (NNPCL), has confirmed that the Port Harcourt Refinery has commenced crude oil processing targeting an output of 60,000 barrels per day (bpd). According to Olufemi Soneye, the Chief Corporate Communications Officer of (NNPCL), revealed that the River State-based refinery will operate at 60 percent capacity. Soneye confirmed that the refinery…
The Nigerian National Petroleum Company Ltd. on Tuesday assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, May 1. This was disclosed by Mr Olufemi Soneye, Chief Communications Officer, NNPCL, to the News Agency of Nigeria (NAN) in Lagos. According to Soneye, the company currently has an availability of…
Nigerians continue to purchase fuel at very high prices across the country despite Nigerian National Petroleum Company Limited’s (NNPC Ltd) assurance of product availability. The NNPCL told Nigerians in a statement issued on Thursday, April 25, 2024, that it had resolved the logistic issues causing fuel queues across the country. “The Nigerian National Petroleum Company…
NNPC to domicile revenue, banking services with CBN The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile a significant portion of its revenues and…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) before the Federal High Court in Abuja over revenue accountability months after subsidy removal. The suit FHC/ABJ/CS/1719/2023 challenged NNPCL over “failure to disclose details of Nigeria’s daily oil production, exportation and the total amounts of revenues…
Nigeria recorded 127 crude oil theft incidents between December 2 and 8. This is according to data shared in a report by the Nigerian National Petroleum Company Limited (NNPCL) via its Twitter (X) account on Tuesday, December 12. During the reported week, the NNPCL (presumably Nigerian National Petroleum Corporation Limited) and its security partners discovered…
The Nigerian National Petroleum Company Limited (NNPCL) has rejected the move by the Senate Committee on Appropriation to increase the crude oil production benchmark in the 2024 Appropriation Bill from 1.7 million barrels per day to 1.8 mb/d. The Group Chief Executive Officer of NNPCL, Mele Kyari, kicked against the plan during an interactive session…
NNPCL appoints journalist, Olufemi Soneye, as chief communications officer The Nigerian National Petroleum Company Limited, on Thursday, announced the appointment of Olufemi Soneye as its Chief Corporate Communications Officer.It announced this via a post on X, formerly Twitter, describing Soneye as a seasoned journalist with full-time and freelance experiences. “We are delighted to announce the…
The Nigerian National Petroleum Company Limited, NNPCL, said it will help ease the forex crisis with a $3 billion emergency crude oil repayment loan from the African Export-Import Bank. It said the loan would be used by the oil company to support the Federal Government in stabilising Nigeria’s exchange rate. It was also gathered that…
The Independent Petroleum Marketers of Nigeria (IPMAN) yesterday cautioned the Nigerian National Petroleum Company Limited (NNPCL) against further increase in petrol price. Its National Vice-President Abubakar Maigadi warned that further increases would not favour the market especially now that the demand for the product has dropped. He said: “We are waiting for the new consignment…
