The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the construction of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15 per cent completion. Kyari disclosed this at the inspection of the second leg of the project at Karogo community in Igabi Local Government Area, Kaduna State, on Tuesday. “The project is currently at about 15 per cent completion but what is important for us to know is that we are crossing the river Niger, what we call the Ndoni-Aboh river crossing in Rivers and Delta states that will deliver gas from the eastern part to the country into the western corridor. “That means expanding gas supply into the help line and also making gas ready. We are happy that this project is going on and we will deliver it...
Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) says he is optimistic that the corporation will declare dividends in 2020 in spite of the challenges posed by the COVID-19 pandemic. The post Mele Kyari: NNPC will declare dividends in 2020 in spite of coronavirus appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
The Federal Government, yesterday, signed a Memorandum of Understanding, MoU, with the Republic of Niger for the transportation and storage of petroleum products. The post Nigerian government signs fuel transportation, storage deal with Niger Republic appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on the implementation of the Integrated Payroll and Personnel Information System (IPPIS). Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the Corporation, quoted Mallam Mele Kyari as saying, in a release, that the industrial action embarked upon by PENGASSAN would not lead to scarcity of petroleum products as all fuel stations and petrol depots in the country have enough stock of products to service consumers and are open for business. While expressing hope that the industrial dispute wo...
The Federal Government on Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from Journalists in Abuja after an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre Sylva, who allayed the fears of staff of the Corporation and Nigerians, said that the bill seeks for the commercialisation of NNPC and not outright scrapping. The meeting which was Presided over by the President of the Senate, Senator Ahmad Lawan, with the Speaker, House of Representatives, Femi Gbajabiamila, and other Leaders of the National Assembly in attendance is aimed at discussing the deta...
The Nigerian National Petroleum Corporation (NNPC) said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was not inflated to the tune of 1.527 billion dollars, as alleged in an online media outfit. The corporation disclosed this in a statement signed by its spokesman, Dr Kennie Obateru, in Abuja on Monday. He described the accusation as false, baseless and unfounded. Obateru noted that the NNPC was considering instituting legal actions against the medium and her collaborators. He added that the corporation brought the accusation to the attention of the Bureau for Public Procurement (BPP) which rejected the speculative analysis of the online medium as false and not portraying the true position of the BPP’s report on the subject. “This is clearly a concocted analysis aimed at attacking th...
The Group Managing Director of Nigerian National Petroleum Corporation, Mele Kyari, has disclosed that the Nigerian Petroleum Development Company (NPDC), will soon curb importation of Liquefied Petroleum Gas (LPG), into the country with the daily production of 500,000 barrel per day, for local consumption. Kyari disclosed this Wednesday during the facilities tour of Oredo Integrated Gas Handling Facility (IGHF) in Ologbo, Ikpoba-Okha local government area ofEdo state. He disclosed that the plant which would be commissioned by President Muhammadu Buhari in October this year, will take the company’s daily production form the present 260,000 barrels per day to 500,000 barrels per day. “Around one year ago, NPDC was producing about 136,000 barrels per day. Today, we are producing 260,000 barre...