NNPC

The Nigerian National Petroleum Company (NNPC) Limited, has postponed its Contractors and Partners Chief Executive Officers’ Health, Safety and Environment (HSE) Conference scheduled for Abuja, following the confirmation of an Ebola case in the Federal Capital Territory.

For decades, the NNPC Limited has occupied a central but complicated position in Nigeria’s economy. It is simultaneously a commercial enterprise, a custodian of the country’s interests in the petroleum industry and a strategic instrument of government energy policy. Reconciling these responsibilities with the discipline required of a modern commercial enterprise has remained a defining challenge.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is advancing plans for its initial public offering (IPO) as it implements governance reforms and addresses financial reporting gaps identified by its advisers ahead of a potential capital market listing.

The Centre for the Promotion of Private Enterprise (CPPE) has defended the Federal Government’s temporary fuel price relief initiative implemented through the Nigerian National Petroleum Company (NNPC) Limited, arguing that the intervention does not amount to a return to petrol subsidy.

The Federal Government’s ₦66-per-litre petrol discount offers temporary relief amid rising fuel prices. Questions persist over whether transport operators will pass the savings on to commuters. Consumers must use the NNPC Fuel App to access the discount, raising...

The Nigerian National Petroleum Company (NNPC) Limited is awaiting technical assessment reports from two Chinese firms before deciding on further investments to revive the Port Harcourt and Warri refineries.

Many motorists say in spite of the discount in pump price of petrol at the Nigerian National Petroleum Company Ltd (NNPCL) filling stations, they are yet to access the product.

Announced amid renewed pressure from high fuel prices, rising transport costs and persistent household hardship, the initiative is being presented by the government as a targeted intervention to cushion the impact of global crude oil price volatility without returning the country to the costly petrol subsidy regime abolished in May 2023.

In a statement issued on Friday, October 9, NNPC’s Chief Corporate Communications Officer, Andy Odeh, said the company remained committed to supporting the Federal Government’s efforts to cushion the economic impact of higher fuel costs.

The Nigerian National Petroleum Company Limited (NNPCL) has agreed to waive its retail profit margin on petrol for the next 30 days as the Federal Government unveils a raft of measures to cushion Nigerians from the impact of surging global crude oil and petrol prices.