NNPC Directors' Remuneration Jumps by 58% to N4.1bn
The cost of running the board and workforce of the Nigerian National Petroleum Company Limited (NNPCL) rose sharply in 2024, with directors’ fees and expenses climbing to N4.096bn, while total spending on employee benefits surged to N749.7bn,...
NNPC Says Prolonged Neglect Hampering Refinery Rehabilitation
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, has declared that fixing the country’s refineries under NNPC’s management has been difficult due to the neglect of the plants for decades.
He also...
Nigeria Targets $4.5bn Cost Savings in Oil and Gas Sector by December
Nigerian National Petroleum Company Limited (NNPC) has said the country’s oil and gas industry is on course to save between $3 billion and $4.5 billion in operational costs this year, while pursuing investment...
New Board Crucial to NNPCL's Transformation - Lokpobiri
Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri yesterday said the reconstitution of the board of Nigeria National Petroleum Company Limited (NNPCL) was a strategic decision towards further repositioning of the national oil company.
Lokpobiri spoke...
