nnpc
Dangote Reveals He Lives in Rented Apartment in Abuja
Africa’s richest man, Aliko Dangote, has disclosed that the residence he uses when in Nigeria’s capital, Abuja, is not owned by him but is a rented property.
During a media briefing at the Dangote Petroleum Refinery in Ibeju-Lekki, … Continue Reading
NNPC Seeks $2bn Oil-Backed Loan To Finance Operations, Gas Projects
The Nigerian National Petroleum Corporation (NNPC) Ltd. is seeking a $2 billion oil-backed loan to finance its operations and gas projects, according to Reuters.
The loan, which is expected to be secured within the next two months, will … Continue Reading
FG Inaugurates Three Gas Infrastructure Projects in Delta and Imo to Boost Economy
President Bola Tinubu has virtually inaugurated three critical gas infrastructure projects in Imo and Delta States aimed at driving Nigeria’s gas sector and boosting economic growth.
The projects include the ANOH-OB3 CTMS gas pipeline and ANOH gas processing plant in … Continue Reading
NNPC E&P Ltd, NOSL Launch Oil Production in Akwa Ibom State
NNPC Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have commenced oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.
According to Olufemi Soneye, Chief Corporate Communications Officer of NNPC … Continue Reading
SERAP Files Lawsuit Against NNPC Over Alleged Missing $2.04 Billion Oil Revenues
Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Nigerian National Petroleum Company Limited (NNPC), alleging the disappearance of $2.04 billion and N164 billion in oil revenues.
This move follows revelations from the … Continue Reading
NNPC Limited Grapples with $3 Billion Debt to Oil Traders for Imported Petrol
NNPC Limited, the Nigerian National Petroleum Company, is facing a daunting debt of approximately $3 billion owed to oil traders for imported petrol, recent reports reveal.
Despite efforts to clear the overdue payments, the pace remains sluggish, surpassing the … Continue Reading
NNPC CEO Announces Replacement of Petroleum Products Pipeline Network
During the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) revealed plans to replace the company’s over 5,000km … Continue Reading
NNPC Announces Plans for Public Listing and Gas Utilization
At the 2024 CERAWEEK Conference in Houston, USA, Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), revealed plans for the anticipated public listing of the company’s shares as outlined in the Petroleum Industry … Continue Reading
NNPC Reveals 9,000 Pipeline Vandalism In One Year
The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Dr Mele Kyari, disclosed on Wednesday that the corporation had encountered a staggering 9,000 vandalism on its pipelines within the span of one year.
Speaking before the House … Continue Reading
FBI Sues top NNPC official for taking $2.1 million bribery Paid to Assist Addax Petroleum escape $2.4 billion liability to Nigeria
A top official of the Nigerian National Petroleum Corporation, Mr. Paulinus Iheanacho Okoronkwo has been indicted in a suit by the FBI bothering on bribery and tax-related charges in the United States, court filings seen by REPORT AFRIQUE reveal.
A … Continue Reading