Tag: NNPC

20/48: Marinho To Ojulari, Tale of 20 Managing Directors In NNPC 48 Years’ History

Ganiyu Amodu

With the appointment of Engineer Bayo Ojulari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), the number of helmsmen at the multi-billion dollars oil company hit 20. Bayo Ojulari; 10 Quick Facts About NNPC Ltd New GCEO Mele Kyari Sacked, Ojulari In As Tinubu Stirs Major Shakeup At NNPC Platforms Africa presents the full name and tenure of the twenty oil men that have sat at the most coveted seat at the NNPC. 1. Remilekun Marinho (1977-1980) 2. Odoliyi Lolomari (1980-1981) 3.…

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‘We Don’t Want Peace,’ Nigerians Want NNPC, Dangote Price War To Continue

Ganiyu Amodu

. How the ‘beneficial price war’ crashed petrol price to N860 per litre   The prevailing competition in fuel refining appears to be bringing succour to petroleum products consumers across the country, as the major refining firms Dangote Petroleum Refinery & Petrochemicals and the Nigerian National Petroleum Company Limited (NNPC), engage in price slash game in a bid to dominate the market. The marketing strategy, popularly referred to as “price war” by stakeholders, is forcing the prices of Premium Motor Spirit (PMS) down at the filling stations. Already, some marketer…

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NNPC Reduces Petrol Price To ₦‎860/Litre

Ganiyu Amodu

The Nigerian National Petroleum Company Limited, NNPCL, has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This development is the latest in a price war among oil marketers and independent petroleum dealers. It is also influenced by fluctuations in global crude oil prices. The new NNPCL price, which takes effect on Monday, marks a significant drop from the previous average of N920 per litre. Former UNILAG Chief Imam Prof. Murtala Bidmos Is Dead DevReporting Takes Off, Names Mojeed…

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‘Contained, No Casualties’ NNPC Gives Update As Fire Rocks Cawthorne Channel 1 Barges

Ganiyu Amodu

The Nigerian National Petroleum Company Limited (NNPC Ltd) has given an update on a fire that broke out on the dry crude storage barge BESTAF5 at Cawthorne Channel 1, Rivers State, on Wednesday spreading to other barges. The company, in a statement by its Chief Corporate Communication Officer, Olufemi Soneye on Thursday, said that the fire has been successfully contained with no casualties. “At approximately 14:10 hours on Wednesday, February 19, 2025, a fire broke out on the dry crude storage barge BESTAF5 at Cawthorne Channel 1, Rivers State, spreading…

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Vandals Responsible For Buguma Wellhead Fire – NNPC Ltd

Ganiyu Amodu

The Nigerian National Petroleum Company Limited (NNPC Ltd) reports that the fire incident at its Buguma Wellhead 008, operated by its subsidiary, NNPC Eighteen Operating Ltd (NEOL), was directly caused by the activities of pipeline vandals attempting to compromise the Christmas Tree and steal crude oil. According to an e-signed information from NNPC Ltd, the Chief Corporate Communications Officer, NNPC Ltd., Abuja, Olufemi Soneye said that this unfortunate act of sabotage, which also resulted in severe damage to the well’s back pressure valve, reflects a disturbing pattern of repeated attacks…

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How Dangote’s $750m Offer To Manage Nigeria’s Refineries Was Rejected — Obasanjo

Ganiyu Amodu

Former President Olusegun Obasanjo has revealed new details about Nigeria’s refinery woes, recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management. In an exclusive interview with Channels TV on Thursday, Obasanjo discussed the Port Harcourt, Warri, and Kaduna refineries during his presidency. He explained how he sought external help to rehabilitate and manage the facilities but faced resistance. He recalled, “I asked Shell to come and run it for us and Shell said they wouldn’t I said, Please come and take equity they…

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Feedback For Farooq’s Fallacy, By Emeka Okonta

Emeka Okonta

In this age and century, Mr. Kperogi, based on gossip and hearsay he claimed he had with his “friend,”is now advocating not competence, not experience, but ethnicity as a major consideration for anyone who should head an agency that will regulate an industry with active participation by Royal Dutch Shell, American oil multinationals like ExxonMobil and Chevron, France-headquartered TotalEnergies, Italian Agip among UK stock exchange-listed oil giants like Seplat and others.   “I haven’t independently confirmed the accuracy of this claim” is one of the many clauses used by Mr.…

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NNPC Foundation Commences Business Pitching Assessment For Corps Members

Ganiyu Amodu

. Backs FG’s Vision to Combat Graduate Unemployment   The NNPC Foundation has commenced business pitching assessments for 2,659 corps members trained by the foundation, aiming to support their businesses through the distribution of start-up packs. The Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, stated that this empowerment initiative is part of the foundation’s efforts to tackle post-graduation youth unemployment and help young graduates become economically self-sufficient. During the opening ceremony of the Foundation’s business pitching assessment for eligible NYSC members in Abuja on Thursday, Arukwe emphasized that…

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NNPC Plans 3 LNG Stations, 100 CNG Sites Nationwide

ADEOLA YUSUF

The Nigerian National Petroleum Company (NNPC Ltd.), says the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has commenced and is irreversible. Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd, said in addition to the massive deployment of CNG stations nationwide, the company and its partners would also build three Liquefied Natural Gas (LNG) stations in Ajaokuta. Kyari said this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos by Mr Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas). “There is simply…

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Nigeria’s Oil Production Hits 1.7 Million Barrels Daily

Precious Ibekwe

. How we achieved new output mark – NNPC   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production has reached 1.7mbpd as of Saturday. The NNPCL boss who stated that the production is coming from 1.28 million barrels per day a few months ago, did not state whether the growth in production includes condensate. However, some stakeholders are asking for the technical presentation regarding Kolman River and Bornu Basin (the Nigerian sector of the Chad Basin,) discoveries to be presented…

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