23 h. ago NNPCL’s 2024 performance show ‘business finding its rhythm’ – Analyst

Victor Eromosele, Chairman of M.E Consulting Limited, has commended the Nigerian National Petroleum Company Limited (NNPCL) for its 2024 financial read more NNPCL’s 2024 performance show ‘business finding its rhythm’ – Analyst

Politics

43 h. ago ‘Tinubu Robbing Peter To Pay Paul’ — Atiku Blasts ₦17.5trn Pipeline Security Spending

Former Vice President, Atiku Abubakar, has accused President Bola Tinubu of presiding over one of the “most brazen financial scandals” in Nigeria’s history, following reports that the Nigerian National Petroleum Company Limited (NNPCL) spent ₦17.5 trillion in just one year on pipeline and energy security. In a statement issued by the Atiku Media Office on […]

Economics

56 h. ago National Petroleum Company’s N5.4trn Profit Sets Benchmark For Post

The Nigerian National Petroleum Company Limited (NNPCL)’s N5.4 trillion Profit After Tax (PAT)  for 2024, has been lauded as the first full-year benchmark under the Petroleum Industry Act (PIA) amid stable operations. Recall that the NNPCL reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion in it’s audited financial […]

Politics

5 d. ago NAF, NNPC Strengthen Partnership To Protect Oil, Gas Infrastructure

The Nigerian Air Force (NAF) has deepened partnership with the Nigerian National Petroleum Company (NNPC) Limited to protect critical oil and gas infrastructure. The Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, reaffirmed the commitment on Tuesday during a courtesy visit to the Group Chief Executive Officer of NNPCL, Engr. Bashir Bayo […]

Politics

7 d. ago Foreign Exchange Gains Boost National Petroleum Company’s Profit To N5.4trn

The Nigerian National Petroleum Company Limited (NNPCL) has reported a 64 per cent leap in its after-tax profit to N5.4 trillion for the 2024 financial year, from the N3.3 trillion recorded in 2023. The group chief executive officer of NNPCL, Engr. Bashir Bayo Ojulari, who made this known in Abuja on Monday, attributed this surge […]

Politics

7 d. ago NNPC posts ₦5.4trn record profit, as Ojulari sets $60bn energy investment plan

Nigerian National Petroleum Company Limited (NNPC Limited) has reported a profit after tax of ₦5.4 trillion for 2024 on revenue read more NNPC posts ₦5.4trn record profit, as Ojulari sets $60bn energy investment plan

Politics

1 week ago Kevin Okyere’s Springfield In Acquisition Talks With Ghana For WCTP2 Oil Block

The Government of Ghana (GoG), through the Ghana National Petroleum Corporation (GNPC) and its upstream subsidiary, GNPC Explorco, is currently engaged in constructive discussions with Springfield Exploration and Production Limited (SEP) on a potential State-led acquisition of SEP’s interest in the West Cape Three Points Block 2 (WCTP2). The block is regarded as one of […]

Politics

1 week ago Kevin Okyere’s Springfield in acquisition talks with Ghana Government for WCTP, 2 Oil Block

The Government of Ghana (GoG), through the Ghana National Petroleum Corporation (GNPC) and its upstream subsidiary GNPC Explorco, is currently read more Kevin Okyere’s Springfield in acquisition talks with Ghana Government for WCTP, 2 Oil Block

Politics

2 w. ago Reps probe propriety of Mbakwe’s appointment as NNPC official

The House of Representatives may revisit the propriety of the appointment of Mrs Sophia Mbakwe as Executive Vice President (Business Services) of the Nigerian National Petroleum Company Limited (NNPCL)...

Politics

2 w. ago Refund N210trn To Federation Account, Senate Tells Nigerian National Petroleum Company

The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the N210 trillion outstanding against the oil firm. The upper chamber, therefore, told the petroleum company that the fund, which had not been accounted for, must be refunded to the Federation Account. The Senate Committee on Public Accounts, chaired […]

Politics

2 w. ago Reps To Probe Petition Seeking Sack Of NNPCL EVP For Occupying South

The House of Representatives, on Wednesday, approved an investigation into a petition from the Ohanaeze Ndi Igbo Youth Council (OYC) seeking the removal of Mrs. Sophia Mbakwe, Executive Vice President (Business Services) of the Nigerian National Petroleum Company Limited (NNPCL), over alleged misrepresentation of the South-East region on the company’s management board. The petition, presented […]

Politics

2 w. ago N210trn probe: Senate rejects NNPCL’s explanation, insists firm must refund money to govt

•Says operations of firm not transparent, acceptable•How company allegedly paid illegal subsidies for years •Ojulari absent, senators fume The Senate has rejected the explanations offered by the Nigerian National Petroleum Company Limited (NNPCL) in the investigation into the N210trillion outstanding against the oil company. It came to the conclusion on Tuesday that the money, which […]

Politics

4 w. ago Zenith Bank grows gross earnings to N3.4trn on strong interest income

Zenith Bank PLC has reported a 16% year-on-year growth in gross earnings to N3.4 trillion for the nine months ended read more Zenith Bank grows gross earnings to N3.4trn on strong interest income

Politics