Tag Archives: NNPC

NNPC Ltd declares profit of N674bn after tax

The Nigerian National Petroleum Corporation Limited has declared a profit of N674bn after tax for the year 2021. The NNPC announced the results on Tuesday via its Twitter handle According to NNPCL, the Board has approved the audited financial statements for 2021. The Group Managing Director, Mele Kyari, was quoted as saying; “NNPCL has progressed to a new performance level, ...

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NNPC GMD tasks stakeholders on efforts to address abject energy poverty in Africa

In an effort to address abject energy poverty in Africa, the Nigerian National Petroleum Company Limited (NNPC), has urged stakeholders to deepen efforts. The GMD/CEO of NNPC, Malam Mele Kyari, made the call during an Oil and Gas summit held in Abuja recently. At a panel session on Energy Transition at the summit organised by the Africa Finance Corporation (AFC) ...

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Panic Buying: We have sufficient stock of petrol to meet local demand- NNPC

Nigerian National Petroleum Corporation (NNPC) Limited has told Nigerians that said there is sufficient stock of petrol to meet local demand, It called on on the public to desist from panic buying of the Premium Motor Spirit (PMS), or petrol. Group General Manager Group Public Affairs Division, Garba Deen Muhammad, made this known in a press release, He said NNPC ...

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SEC to woo Dangote Refineries, NNPC to stock market- DG

Nigeria’s capital market regulatory body, Securities and Exchange Commission (SEC), plans to promote policies that will make major companies such as Dangote Refineries and NNPC to list their shares on the stock market. Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda, said the listing of major companies, strengthening of enabling laws, promotion of fintechs participation and development of the ...

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NNPC records trading surplus of N141.96 billion

The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of N141.96 billion in June 2021, representing a major leap when compared to a deficit of N37.46 billion that was recorded in May 2021. The Group General Manager, Group Public Affairs of NNPC, Garba Muhammad, in a statement on Sunday said that this disclosure was contained in the ...

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Why a litre of petrol may be sold for N340 in 2022- NNPC

The Nigerian National Petroleum Company (NNPC) has dropped the hint that a litre of Petroleum Motor Spirit (PMS) may sell between N320 and N340 in 2022. The agency said that this will be so because the law does not provide for a subsidy, hence its removal in the coming year. The disclosure was made by the  Company’s Group Managing Director(GMD)Malam ...

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PIB Bill: NNPC GMD to brief Senate on Thursday-Lawan

NNPC

A new dimension has been added to the much-talked about Petroleum Industry Bill (PIB) 2021. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, will, on Thursday brief Senators on the Petroleum Industry Bill (PIB) 2021. The information was made by Senate President, Ahmad Lawan, Wednesday during plenary. According to him,  the briefing by Kyari would ...

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House of Representatives grills Polaris Bank MD over NNPC’s account

The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, on Thursday, grilled the Acting Managing Director, Polaris Bank Limited, Innocent Ike, over an account belonging to the Nigerian National Petroleum Corporation. Over ...

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Why NNPC is seeking equity participation in Dangote Refinery, others- Official

The Nigerian National Petroleum Corporation (NNPC) has explained that the government firm in engaging in equity participation in some private refineries. The corporation noted that the move is on  in line with a Federal Government’s policy directive which states the mandatory participation of the corporation in any private refinery that exceeds 50,000 barrels per day It was learnt that the  ...

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