Tag: NNPC
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NNPC, TotalEnergies empower 300 women in Delta
Nigerian National Petroleum Company (NNPC) in partnership with TotalEnergies has empowered 300 women in solar-powered incubation management in the Ugbuwangue community, Warri South Local Government Area of Delta State. The training lasted for five days and with the information at hand, the women are well grounded in the area of improved local chicken production techniques.…
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Nigeria’s refineries lose 218 workers in one year
The latest data released by the Nigerian National Petroleum Company Limited (NNPC) shown that a total number of 218 workers were laid off within a year, as a cumulative loss of N69.03 billion was also posted. NNPC manages Nigeria’s three refineries, which include: the Kaduna Refining and Petrochemical Company, Warri Refining and Petrochemical Company, and…
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PMS customers decry under dispensing by filling stations
Some users of Premium Motor Spirit (PMS), also known as petrol, have raised alarm over the level of non-compliance of filling stations to dispensing standards in Awka and other parts of Anambra. The motorists who spoke to the News Agency of Nigeria (NAN) in Awka on Thursday said they were worried about the accuracy of…
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Nigeria’s Revenue falls by N1.89tn
The gross oil and gas federation revenue for the first four months of 2022 failed to meet the expected target, falling from N3.12 trillion to N1.23 trillion, representing a 39 percent performance, according to the Overview of 2022 Fiscal Outcomes and Update on 2022 Federation Revenue Performance presented by the finance minister. Though, the Federal…
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Oil firms not drilling except NNPC, says Kyari
The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday announced that the decline in the funding of oil investments had virtually led to a halt in the drilling of crude oil by operators in the sector except for the NNPC. Kyari, who disclosed this while speaking at the ongoing 2022 Nigeria…
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NNPC says $1bn natural gas sold to Portugal in 2022
The Nigerian National Petroleum Company Limited (NNPC) has said it had sold over $1bn worth of natural gas to Portugal this year. This came to public notice during the Nigeria-Portugal Business and Trade Forum, which held on the sidelines of the state visit to Portugal by Nigeria’s President, Muhammadu Buhari. Speaking at the forum, the…
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Cooking gas: Experts urge FG to halt increase, leverage domestic potential
Some Oil and Gas experts have advised the Federal Government to fully leverage on our domestic potential to end the incessant hike in price of Liquefied Petroleum Gas (LPG). The experts also called for a better storage capacity of LPG, otherwise known as cooking gas to save the country from the repercussions of international market…
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Subsidy hits N1.35tn in four months
The subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 has risen to N675.93bn. This is according to the latest data got from the Nigerian National Petroleum Company Limited on Wednesday. Also, the NNPC has informed the Federation Account Allocation Committee that it will deduct or recover N671.88bn from April 2022…
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Petrol sales revenue hits N2.61tn in 13 months -NNPC
The income generated from the sales of Premium Motor Spirit, popularly called petrol, from August 2020 to August 2021 is N2.61tn, the Nigerian National Petroleum Company Limited announced on Wednesday. It stated that in the downstream oil sector, a total of 1.532 billion litres of white products were sold and distributed by the Petroleum Products…
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Senate Indicts Top Government Agencies of Remittance Underpayment
The Senate of Nigeria has accused Government Owned Enterprises of remitting below the appropriate funds into the federation account. On Wednesday, the Chairman of the Senate Committee on Finance, Senator Solomon Adeola asserted the accusation at a public hearing on the 2022-2024 Medium Term Expenditure and Fiscal Strategy Paper. At the event organized by his…