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NNPCL does not operate secret accounts, says Kyari

The Chief Executive Officer, CEO, of the Nigeria National Petroleum Company Limited (NNPCL), Engr. Mele Kyari has declared that the company has no secret account anywhere in the world. Kyari disclosed this when heappearedbeforetheHouse of Representatives ad hoc committee investigating the Joint Venture engagement from 1990 to date, in Abuja. He promised to furnish the […]

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Kyari: Nigeria-Morocco gas pipeline project’ll create wealth

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has said that the Nigeria-Morocco Gas Pipeline Project will create wealth, and improve the standard of living of countries within the African region. Speaking yesterday during the signing ceremony of the Nigeria-Morocco Gas PipelineProjectMemoranda of Understanding among NNPC, ONHYM(theNational Office […]

Feature

3.4% growth: How non-oil sector can drive economy, by Analysts

At a time when Nigeria’s earnings from its major revenue source, oil, is dipping as a result of instability in the world market occasioned by oscillating prices, there is a consensus of opinion that the non-oil export sector holds a lot of promise as a ready cash cow. That is as the country’s gross domestic […]

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Alleged drug trafficking: Police Commission suspends ACP, ASP in NDLEA’s net

…reaffirms Abba Kyari’s fate Following their indictment in the ongoing drug trafficking case by the National Drug Law Enforcement Agency (NDLEA), the Police Service Commission (PSC), yesterday, suspended Assistant Commissioner of Police, ACP Sunday Ubua, and Assistant Superintendent of Police, ASP James Bawa from the exercise of the powers and functions of their respective offices. […]

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NNPC consolidates on gains, publishes 2020 Audited Financial Statements

Following up on President Muhammadu Buhari’s recent announcement of the declaration of N287 billion profit in year 2020 by the Nigerian National Petroleum Corporation (NNPC), the Corporation has consolidated on the remarkable achievement, by publishing the statements on its official website. It would be recalled that while announcing the outstanding feat a little over a […]

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Hushpuppi: SIP on Kyari submits report to IGP

The Special Investigation Panel (SIP) set up to investigate the allegations of compromise levelled against suspended Deputy Commissioner of Police, Abba Kyari, by an Instagram celebrity, Abbas Rahmon aka Hushpuppi, has submitted its report to the Inspector-General of Police (IGP), Mr. Usman Baba. Force Public Relations Officer, CP Frank Mba, made the disclosure in a […]

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How NNPC secured Afreximbank’s $1bn fund for Port Harcourt Refinery repair – Kyari

The Nigerian National Petroleum Corporation (NNPC) yesterday declared that it secured financing agreement for the rehabilitation of the Port Harcourt Refinery by the African Export Import Bank (Afreximbank) as a fruit it reaped from its transparency and accountability. Though the rehabilitation is to gulp $1.5 billion, the financing deals secured from the Afreximbank, New Telegraph […]

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Fuel price hike inevitable, says Kyari

… as subsidy hits N120bn monthly Landing cost now N234 per litre Nigerian National Petroleum Corporation (NNPC) has declared that it loses over N120 billion to fuel subsidy monthly, maintaining that an increase in pump price of fuel is inevitable. Group Managing Director of NNPC, Mele Kyari, who said this at the weekly media briefing […]

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Kyari: NNPC loses 200,000 barrels of crude oil daily

CDS pledges oil, gas assets’ protection Nigeria is losing about 200,000 barrels of crude oil daily to theft and vandalism, the Nigerian National Petroleum Corporation (NNPC) has said. Using the $66.92 per barrel price of the commodity at the international oil market as at Wednesday, the volume lost amounted to $13.384 million daily. Group Managing […]

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Buhari has never interfered in NNPC operations –Kyari

President Muhammadu Buhari remains the only president that has never interfered in the operations of the Nigerian National Petroleum Corporation (NNPC). Group Managing Director of NNPC, Malam Mele Kyari, who declared this in Sokoto while delivering the Usmanu Danfodiyo University’s 2021 First Quarter Public Lecture Series, commended President Buhari for giving the Corporation’s Management free-hand […]

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