NNPC Profit Rises to N674bn in 2021 - Kyari
The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that the NNPC as a corporation profit after tax rose from N287bn in 2020 to N674bn in 2021.
Kyari, who disclosed this at...
NNPC Acquires Downstream assets of OVH Energy, Takes Over 380 Filling Stations
The Nigerian National Petroleum Company Ltd has acquired the downstream assets of OVH Energy Marketing Company making it the biggest downstream company with over 380 retail stations across Africa’s biggest economy.
The acquisition was...
740 Gas Centres, 20m Cylinders to be Deployed Across Nigeria Says NNPC
The Nigerian National Petroleum Company Limited has announced that it will deploy 740 cooking gas distribution centers, 37 filling plants and skids at 541 stations across the country.
It also stated that it was...
Only N3.4trn Needed to Subsidise 66.7M Litres of PMS Daily - NNPC
The Nigerian National Petroleum Company Limited has disclosed that only the sum of N3.4tn is needed to subsidise an average of 66.7 million litres of Premium Motor Spirit (petrol) consumed daily in the...
FG Pays IOCs $4bn, Secures Pipelines With N12.43bn
Latest figures from the national oil company on cash call arrears repayment indicated that the Federal Government, through NNPC, had so far paid $4.04bn to five of its joint venture international oil companies as at July 31,...
Nigeria, Morocco Commence 5,600km Gas Pipeline Project
The Nigerian National Petroleum Company Limited and the Office National des Hydrocarbures et des Mines of Morocco, on Thursday, signed the Memorandum of Understanding for the commencement of construction of the 5,600km Nigeria-Morocco gas pipeline.
NNPC said the much-awaited...
