NNPCL has sacked Umar Ajiya, the Chief Financial Officer (CFO), and appoints Mr. Adedapo A. Segun to replace him as the CFO. Mr. Segun has held the position of Executive Vice President for Downstream, where he played a crucial role in enhancing the company’s downstream operations. NNPCL also appointed Mr. Isiyaku Abdullahi as Executive Vice…
The Nigerian National Petroleum Company Limited (NNPCL) and Chevron Nigeria Limited have announced a significant oil discovery with the successful drilling of the Meji NW-1 well in the shallow offshore Niger Delta region. In a statement released on Friday, the companies reported that drilling began on September 2, 2024, and reached a total depth of…
Nigerian National Petroleum Company Limited (NNPCL) has officially released estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing. According to a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, the NNPC said the prices are not set by Government, but negotiated directly between parties on an arms length in line…
Former Vice President Atiku Abubakar has called for the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange, in accordance with the Petroleum Industry Act (PIA). His demand follows the NNPCL’s decision to transfer the management and operation of the Warri and Kaduna refineries to private operators. A statement issued…
The ongoing scarcity and high cost of Premium Motor Spirit (PMS), commonly known as petrol, show no signs of improvement as the Nigerian National Petroleum Corporation Limited (NNPCL) has indicated that its ability to maintain fuel supply is in jeopardy.Olufemi Soneye, the Chief Corporate Communications Officer of the NNPCL, made this statement in response to…
The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday said it has made a robust plan for the supply of petroleum products sufficient to last beyond the ember months and the New Year festivities. Olufemi Soneye, the chief corporate communications officer of the company, disclosed this in a statement on Wednesday. Mr Soneye said…
