By Adewole Kehinde On November 23, the Group Managing Director/Chief Executive Officer of NNPC Limited Mallam Mele Kyari projected that petrol would sell for between N320 and N340 per litre from February 2022. He stressed that Nigeria would be out of the subsidy regime in the first quarter of 2022. Mallam Kyari explained that the…
Technology solution provider, Huawei has stated that Nigeria can leverage its Big Data products to improve oil revenue as part of its digital transformation technology solutions available for the oil and gas sector. Until 2020, the Nigerian National Petroleum Corporation (NNPC) had been operating for 44 years at a loss which experts say, is occasioned…
By Adewole Kehinde Since his assumption of office as the GMD of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari and his management team has made well, NNPC’s promise to ensure Nigerians enjoy a hitch-free celebration to date. It will be recalled that on October 22, 2021, the Independent Petroleum Marketers Association of Nigeria…
The apex body of specialized reporters covering the Nigerian energy industry will on November 2, 2021 provide a credible platform for industry policy drivers, players and stakeholders to examine the country’s new fiscal landscape and investment outlook. In a statement released by Association Of Energy Correspondents of Nigeria (NAEC), the 2021 strategic conference is expected…
President Muhammadu Buhari on Friday received the certificate of incorporation of the Nigeria National Petroleum Company Limited. The president while receiving the documents said the country expects nothing less from the Board of Directors, the Chief Executive Officer, and the Chief Finance Officer than “the realization of a global national oil company that this nation…
By Charles Affiong The Nigerian Oil & Gas Industry has been in the news lately. This time around, the industry was hugging global and local limelight for the right, nay positive reasons. It all began at the Aso Rock Villa where President Muhammadu Buhari (in his capacity as Minister of Petroleum Resources) announced a whopping…
President Muhammadu Buhari has approved the appointment of Ifeanyi Ararume as Chairman of the Nigerian National Petroleum Company Limited’s Board of Directors and Management. The President also named Mele Kolo Kyari and Umar I. Ajiya as Chief Executive Officer and Chief Financial Officer respectively. A statement by Special Adviser to the President on Media and…
By Adewole Kehinde “Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall” – Stephen Covey. I recently came across a glaring headline titled “Audit of NNPC’s account shows corporation could go bankrupt” from a major online medium. “Nigeria’s state-owned oil company, Nigerian National Petroleum…
The Integrity Youth Alliance has called on the Founder of IBTC Stanbic Bank, Atedo Peterside to take time whenever he is online to go through the website of the Nigerian National Petroleum Corporation to get the facts behind the figures of the NNPC’s N287bn profit. This is coming as the Founder of IBTC Stanbic Bank,…
Nigeria’s domestic gas penetration aspirations have received a major boost as the Nigerian National Petroleum Corporation (NNPC) and the Kaduna State Government have signed a Memorandum of Understanding (MoU) for utilisation and expansion of gas supply in the state. Speaking at the MoU Execution Ceremony which held Thursday at the Sir Kashim Ibrahim House in…