Category: Energy

President Tinubu inaugurates new NNPCL Board, sets bold Oil and Gas targets

Lukman Laleye Babalola

President Bola Ahmed Tinubu has inaugurated the newly constituted 11-member board of the Nigerian National Petroleum Company Limited (NNPCL), appointed Engr. Bashir Bayo Ojulari as the Group Chief Executive Officer and Mr. Ahmadu Musa Kida as the non-Executive Chairman. The inauguration ceremony took place on Thursday at the State House Banquet Hall, Abuja, shortly before the President proceeded to attend the APC National Summit. Present at the event were key members of the Federal Executive Council, including the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun;…

JUST IN: Dangote Refinery cuts petrol price to N825/litre

Emporium Reporters

In a move set to bring some relief to Nigerians, the Dangote Petroleum Refinery has announced a further reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, lowering it from N835 to N825 per litre.   This latest adjustment was coming just weeks after the 650,000 barrels-per-day refinery reduced the price from N865 to N835 per litre. According to industry insiders, the new price is aimed at enhancing value for customers while reinforcing the refinery’s leadership in the domestic market.   Analysts said the price…

FG endorses National Energy Transition Policy, reaffirms Net-Zero Commitment by 2060

Emporium Reporters

The Federal Government of Nigeria has formally adopted the National Energy Transition Policy (NETP), reinforcing its commitment to a cleaner, greener, and inclusive energy future that targets net-zero carbon emissions by 2060.   This was announced by the Secretary to the Government of the Federation (SGF), George Akume, during the NEITI Retreat and Board Meeting held in Abia State. Akume, who also chairs the Nigeria Extractive Industries Transparency Initiative (NEITI) Board, described the policy as a “strategic blueprint” for achieving an environmentally sustainable energy landscape.   He emphasized the need…

Customs CG, AGF strengthen ties to enhance revenue generation, capacity building

Lukman Laleye Babalola

In a move to deepen inter-agency collaboration and enhance national revenue performance, the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, on Wednesday, 7 May 2025, received the Accountant-General of the Federation (AGF), Shamsudeen Ogunjimi, at the Customs Headquarters in Maitama, Abuja. During the visit, CGC Adeniyi highlighted the strategic importance of the Office of the Accountant-General in Nigeria’s fiscal system, described the meeting as timely and symbolic. He emphasised the commitment of the Customs Service to supporting the nation’s economic stability through innovative revenue strategies and operational discipline.…

NNPCL GCEO, Dangote explore strategic energy collaboration to boost National Prosperity

Lukman Laleye Babalola

The Group Chief Executive Officer of NNPC Limited, Mr. Bashir Bayo Ojulari, on Wednesday received the President/CEO of Dangote Group, Alhaji Aliko Dangote, and his delegation from Dangote Petroleum Refinery & Petrochemicals (DPRP) at the NNPC Towers, Abuja.   The high-level courtesy visit focused on exploring strategic areas of collaboration between the two major players in Nigeria’s energy sector, aimed at ensuring energy security and fostering sustainable economic growth for the country. During the meeting, both leaders emphasized the importance of a healthy partnership and constructive competition between NNPC Ltd.…

Ojulari receives APPO Secretary General, pledges support for Africa Energy Bank initiative

Lukman Laleye Babalola

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, on Tuesday received H.E. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers’ Organization (APPO), at the NNPC Towers in Abuja, during a courtesy visit. During the visit, Dr. Ibrahim shared APPO’s strategic vision focused on leveraging financing, technology, and market access to combat energy poverty and enhance energy accessibility across the African continent. He further elaborated on the Africa Energy Bank, an initiative of the organization that will be…

NNPCL GCEO Ojulari unveils $60bn Investment Drive, Energy growth targets …. Promises to build a World-Class, proudly Nigerian Energy Company

Lukman Laleye Babalola

In his first official interaction with staff since assuming office, the new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Bayo Ojulari, has unveiled an ambitious roadmap aimed at repositioning the company as a globally competitive and proudly Nigerian energy leader. Speaking at a townhall meeting held at the NNPC Towers in Abuja on Thursday, Ojulari pledged to pursue bold ambitions for the company, including attracting $30 billion in sectoral investments by 2027 and doubling that figure to $60 billion by 2030.   He…

Ojulari pledges strategic partnerships to drive NNPCL mandate

Lukman Laleye Babalola

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, has reaffirmed his commitment to building strong and result-oriented partnerships with key stakeholders to effectively deliver on the mandate entrusted to him by President Bola Ahmed Tinubu.   Mr.Ojulari made the pledge during a courtesy visit to the Honourable Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Wednesday, where both leaders expressed a shared vision of collaboration and performance to advance Nigeria’s oil and gas sector.   “We are here…

NNPC’s Olufemi Soneye named NIPR Spokesperson of the Year 2025, dedicates Award to Media Team

Emporium Reporters

The Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Olufemi Soneye, has been named the Spokesperson of the Year 2025 by the Nigerian Institute of Public Relations (NIPR).   The prestigious honour was conferred during a keenly contested award ceremony held in Abuja on Wednesday night, where Soneye emerged top among respected contenders including Shell Petroleum’s Igo Weli, ACP Olumuyiwa Adejobi of the Nigeria Police Force, Olumuyiwa Akande of Sifax Group, and Osagie Edward of the Nigerian Maritime Administration and Safety Agency (NIMASA).   In…

NNPCL GCEO reaffirms commitment to Energy transition, announces 72% completion of AKK Gas Pipeline

Emporium Reporters

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, has reiterated the company’s unwavering commitment to Nigeria’s energy transition agenda, revealed that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project has reached 72% completion as of the first quarter of 2025.   Ojulari disclosed this during the 2025 edition of the Oloibiri Lecture Series and Energy Forum (OLEF), hosted by the Society of Petroleum Engineers (SPE) Nigeria Council in Abuja on Thursday. Represented by NNPCL’s Executive Vice President, Upstream, Udy Ntia, the GCEO said the company…