The Abuja Division of the Federal High Court, on Wednesday, dismissed the N100 billion suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) and its co-defendants over an oil import licence dispute. Justice Mohammed Umar dismissed the suit following an oral application by the defence lawyers after…
Nigeria’s downstream energy sector is entering a new phase of growth following deregulation, currency reforms and increased regional collaboration, the Nigerian National Petroleum Company (NNPC) has said. Dr Mumuni Dagazau, the company’s Executive Vice President for Downstream, made the announcement at the 19th Africa Downstream Energy Week in Lagos. The conference, themed “Energy Sustainability: Growth…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has appointed Mr Andy Odeh and Mrs Morenike Adewunmi to senior leadership positions as part of its strategy to improve stakeholder engagement and corporate communication. According to a company statement on Tuesday, Odeh has been named Chief Corporate Communications Officer. He brings three decades of experience in…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed suggestions of a possible sale of the Port Harcourt Refining Company, asserting that the facility will remain under government ownership as it undergoes comprehensive rehabilitation. Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., addressed the matter during a corporate town hall meeting held at…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded a 100 per cent availability on Major Crude Oil Pipelines in the country. The Group Chief Executive Officer of NNPC Ltd., Mr Bashir Ojulari, said this while delivering a Keynote Address at the 24th NOG Energy Week (NOG) on Tuesday in Abuja. Ojulari…
Nigeria’s Economic and Financial Crimes Commission (EFCC) has detained Umar Isa, a former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL), in relation to a massive $7.2 billion fraud case tied to failed refinery rehabilitation projects. Isa, who was responsible for the financial management of the Kaduna, Warri, and Port Harcourt refineries…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the new Nigerian National Petroleum Company Limited (NNPC Ltd.) management to activate “Petroleum Products Passport” to secure petroleum products. Dr Billy Gillis-Harry, National President of PETROAN, made the call on Sunday in an interview with the News Agency of Nigeria (NAN), Abuja, while…
An economist, Prof. Evans Osabuohien, has commended President Bola Tinubu for removing both the Chairman, Board and Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited. Osabuohien, who is Head of the Economics Department at Covenant University in Ota, told the News Agency of Nigeria (NAN) on Wednesday that their removal was…
The Nigerian Society of Engineers (NSE) has commended President Bola Tinubu for appointing seasoned professionals to lead the Nigerian National Petroleum Company (NNPC). NSEs’ President, Margaret Oguntala, stated this in a statement on Wednesday, in Abuja, describing the move as “putting the right peg in the right hole.” Oguntala praised Tinubu for ensuring that individuals…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers. The company, in a statement issued in Abuja on Wednesday by its Chief Corporate Communications Officer, Olufemi Soneye, clarified that what occurred was a flare incident, which has since been fully contained….
