President Bola Ahmed Tinubu has congratulated Mallam Mele Kolo Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), on his 60th birthday on January 8. The President commends Kyari’s diligence in transforming the NNPCL into a profitable organisation. The President recalls that despite cynicism in some quarters, the NNPCL under…
The Dangote refinery, the newly revamped Port Harcourt and Warri refineries as well as six other refining facilities across Nigeria are expected to consume about 37 per cent of the country’s total projected crude oil production in the first half of 2025. Specifically, data released from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated that…
In a bid to guarantee supply security at affordable prices for its customers, Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses, has agreed to a bulk purchase framework with Dangote Refinery. In a statement, the Head of Brands and Corporate Communications, Ardova Plc, Grant Onome, explained that the framework will see…
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has observed that fierce competition between Nigeria’s two refineries owned by Dangote and NNPC Limited is responsible for the recent drop in the pump price of premium motor spirit also known as petrol in the country. Investigations showed that most petrol retail outlets have reduced their pump…
Nigeria’s Dangote Petroleum Refinery has extended its exportation of petroleum to Cameroon, Ghana, Angola and South Africa. The announcement was made by Vice President of Oil and Gas at Dangote Industries Limited Devakumar Edwin, during a visit by a delegation of Japanese business owners to Nigeria. During the announcement, Edwin stated that the Dangote Refinery…
It is important to address the concerns raised in Farooq Kperogi’s recent article, “Tinubu’s Buharisation of the NNPC”, and to clarify some of the misconceptions about the operations and leadership structure of the Nigerian National Petroleum Company (NNPC) Limited. First, employment, promotions, appointments, and movements of business leaders at the NNPC are not influenced by…
The Nigerian National Petroleum Company Limited (NNPC Ltd), under the leadership of Mele Kyari, has introduced the Production Monitoring Command Centre (PMCC) as a transformative step in hydrocarbon operations. This initiative, driven by NNPC Upstream Investment Management Services (NUIMS), builds on the success of the Command and Control Centre to enhance monitoring, operational efficiency, and…
Petroleum Tanker Drivers (PTD), a branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) at the weekend urged the federal government to begin the repairs of major highways in the country to avoid the hardship that comes with the rainy season. In a communiqué issued at the end of its quarterly National…
Dangote, MRS Partner to Sell Petrol at ₦935 Nat Dangote Refinery has partnered with MRS Oil and Gas to sell petrol at ₦935 per liter at retail outlets nationwide. This price reduction follows a decrease in the ex-depot price from ₦970 to ₦899.50 per liter. Mr Anthony Echiejina, Head of Media Communications of Dangote Refinery,…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,020 to N899 per litre. This price adjustment, aimed at responding to the competitive dynamics introduced by deregulation, is expected to intensify competition among oil marketers and lead to cost savings for consumers….
