Tag: NNPC

NNPC shuts down Port Harcourt Refinery for maintenance

Lukman Laleye Babalola

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the shutdown of the Port Harcourt Refining Company (PHRC) for planned maintenance, effective Saturday, May 24, 2025. In a statement issued by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. said the exercise is part of routine maintenance and a sustainability assessment aimed at ensuring the refinery operates at full capacity. “NNPC Ltd. remains steadfast in its commitment to delivering sustainable energy security for Nigeria,” the statement read. The company added that it is working closely with relevant stakeholders, including…

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 woos global Investors at CERAWeek, highlights Nigeria’s Oil and Gas potential

Lukman Laleye Babalola

The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged global investors to explore the vast opportunities in Nigeria’s oil and gas sector, citing robust regulatory reforms and investment-friendly policies that have transformed the country into an attractive investment hub. The Executive Vice President, Upstream, NNPC Ltd, Mr. Udy Ntia, made this call on Tuesday during a session at the 2025 CERAWeek by S&P Global in Houston, Texas, United States. Speaking on the theme “Spotlight: Attracting Investment for Oil and Gas,” Ntia emphasized that Nigeria is well-positioned as a stable…

In the Matter of Dangote Refinery vs NNPC – Simon Kolawole

Emporium Reporters

The Dangote Petroleum Refinery was supposed to be the final solution to Nigeria’s energy needs. What went wrong? Why the brouhaha? Why the anti-climax? I have been observing developments from my balcony — beyond what I have been seeing in the papers, watching on TV, hearing on radio and reading on social media. I could see two major camps in the pandemonium — one painting the picture of a conspiracy to sabotage the refinery so that the “cabals” can continue to feed fat on the nation; the other casting Dangote…

MURIC asks FG to give Dangote Refinery free hand to operate …… pays fact-finding visit to Dangote Refinery

Lukman Laleye Babalola

The human rights organization has urged the Federal Government (FG) to give the Dangote Refinery a free hand to operate and protect it from strangulation. The right group made this appeal sequel to a fact-finding visit to Dangote Refinery by a 17-man team of the Muslim Rights Concern (MURIC) on Thursday, 5th September, 2024, MURIC in a statement issued on Friday, 6th September, 2024 by the Executive Director of the group, Professor Ishaq Akintola, said it concerned for the plight of poor Nigerians, went on a fact-finding mission to Dangote…

NNPC sacks all management staff with less than 15 months to retirement

Emporium Reporters

The Nigerian National Petroleum Company Limited (NNPCL) has sent all management staff with less than 15 months to statutory retirement on compulsory early retirement.   A statement signed by management of the oil company on Monday, September 18, 2023, and posted on its X handle (formerly Twitter) early Tuesday morning stated that the early retirement takes immediate effect from Tuesday, September 19, 2023.   It added that the decision became imperative in order to pursue effective organisational renewal to support the delivery of NNPCL’s strategic business objectives.   “In our…

BREAKING: NNPC secures N2.3trn loan to stabilise Naira against Dollar

Emporium Reporters

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a N2.3trn ($3 billion) crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC in a terse statement on Wednesday, August 16, 2023, said the loan was secured from the AFRIEXIM bank headquarters in Cairo, Egypt. The statement reads; “The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and Termsheet for an emergency $3 billion crude oil repayment loan. “The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide…

NNPC and the rest of us, by Hassan Gimba This was published July 13, 2020 but still relevant.

Emporium Reporters

Decree 33 of 1977 saw to the birth of the Nigeria National Petroleum Corporation (NNPC) on April 1 of that year through the merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. The main purpose was for it to add value to the nation’s hydrocarbon resources “for the benefit of the nation’s economy…”   NNPC’s Kaduna, Warri and Port Harcourt Refineries, among others, were built solely for the “benefit” of the Nigerian economy. Completed and commissioned in 1980, the Kaduna Refinery was meant to…

Port-Harcourt refinery ready before year end – Kyari

Emporium Reporters

The Port Harcourt Refinery will be ready before the end of the year, while those in Warri and Kaduna would start production next year, the Group Chief Executive Officer (GCEO), of the Nigeria National Petroleum Company (NNPC) Limited, Malam Mele Kyari, told Daily Trust.   He said this on Monday when he led his management team on a courtesy visit to the Abuja headquarters of Media Trust Group (MTG), owners of Daily Trust, Trust TV, Trust Radio and other platforms.   Nigeria had been importing petroleum products for decade, a…

New Naira Notes/Fuel Scarcity: Tinubu appeals to Nigerians for calm

Emporium Reporters
Bola Tinubu

With the scarcity of new Naira notes and fuel unabated in many parts of the country, All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has once again appealled to Nigerians to remain calm as the government and relevant agencies continue to work out solutions.   Speaking in Abuja on Tuesday, Asiwaju Tinubu said he sympathised with the people especially the downtrodden who have been made to bear the brunt of the new naira policy by the Central Bank and irregular supply of petrol that have combined to inflict avoidable…