The Crude Oil Refinery-owners Association of Nigeria (CORAN) has extended its heartfelt congratulations to Mr. Aliko Dangote and his team at Dangote Refinery on the remarkable achievement of commencing the production of Premium Motor Spirit (PMS). The group said that…
NNPC Ltd Releases 2023 Audited Financial Statement – Announces net profit of N3.297 trillion, dividend of N2.1 trillion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion…
NNPC refutes allegations of $6.8bn indebtedness
…..Also Rejects Claims of Non-Remittance of Taxes The Nigerian National Petroleum Company Limited (NNPC Ltd.) has categorically denied owing international oil traders a sum of $6.8bn. In a statement issued today, the company described the allegation as inaccurate. While acknowledging…
NNPCL Introduces New 50,000bpd Utapate Crude Oil Grade to Global Market
0.0655% Low Sulphur Content Reduced Flare – Low carbon footprint The Nigeria National Petroleum Corporation (NNPC) Ltd has unveiled its latest crude oil offering, the Utapate blend, marking its entry into the international market. Originating from Oil Mining Lease…
NNPC Ltd: An All-round Asset to Nigeria
By Olufemi Soneye In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled: “NNPCL: Liability or Asset to Nigerians?”,…
President Tinubu Directs NNPC to Sell Crude to Dangote Refinery in Naira
Nigeria’s President, Bola Tinubu has ordered the Nigeria National Petroleum Corporation Limited (NNPCL) to sell crude oil to the Dangote Refinery and other upcoming in-country built refineries in the country’s local currency, the Naira. This was a measure adopted at…
NNPCL Explains Disruption in Fuel Availability
Amid worsening queues and increasing costs of fuel, the Nigerian National Petroleum Corporation Ltd (NNPC) has stated that the disruption in unavailability of fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result…
Lokpobiri, Minister of State for Petroleum Resources Holds Key Meeting with Dangote, Regulatory Authorities, and NNPC Leadership
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) today led a crucial meeting involving top stakeholders to address issues surrounding the Dangote Refinery. Key participants included; Aliko Dangote, Chairman and CEO of Dangote Group; Farouk Ahmed, CEO of…
Our diesel is the best in Nigeria, meets international standard – Dangote
… lab test reveals 88ppm sulphur content in Dangote’s diesel, over 1,800ppm in others … Speaker commends state-of-the-art technology; assures Dangote of NA’s support President of Dangote Group, Aliko Dangote, has asserted that products refined at the Dangote Petroleum…
CEO Forum: Ex-GMDs Commend NNPCL’s Leadership and Strategic Progress
Former GMDs of NNPC have given the corporation a resounding vote of confidence and increased support as the corporation hosted a CEO forum today, July 20, 2024. The forum held discussions on NNPC’s strategic direction post Petroleum Industry Act (PIA) and its implications.