September 17, (THEWILL) - The Nigerian National Petroleum Company (NNPC) Limited has effected the retirement of three Executive Vice Presidents (EVPs).
While the retirement affected senior management staff, who are due for retirement in 2024, THEWILL gathered that the...
September 7, (THEWILL) – The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it is opposed to the sale of the shares of Nigerian Agip Oil Company Limited (NAOC) to Oando Plc.
The clarification follows media...
September 6, (THEWILL) – The recent agreement by Oando Plc with Eni to acquire 100 percent stake in its (Eni’s) subsidiary – Nigerian Agip Oil Company (NAOC) Limited – may have suffered a setback as the Nigerian National Petroleum...
September 05, (THEWILL) - After prematurely announcing the now stalled $3bn loan from the African Export-Import Bank (Afreximbank), Mele Kyari, the Group Chief Executive Officer of the NNPC Limited, has again, in his desperate bid to remain in office,...
August 29, (THEWILL) – The Board of Trustees (BoT) of the New Nigeria Peoples Party (NNPP) has suspended its presidential candidate in the February 25 general election, Senator Rabiu Kwankwaso, for six months over anti-party activities.
Secretary of the BoT,...
August 28, (THEWILL) – A Chieftain of the New Nigeria People's Party (NNPP), Ambassador Olufemi Ajadi Oguntoyinbo, has congratulated the Chairman of the party in Osun State, Dr Tosin Odeyemi and his Ondo State counterpart, Pastor Peter Olagookun, for...
August 24, (THEWILL) - A coalition of former militant leaders and stakeholders from the Niger Delta region have written to President Bola Tinubu over the controversy rocking the move to seek re-approval of the over $1.3 billion surveillance contract...
The announcement by the Nigerian National Petroleum Company Limited (NNPCL) on August 16, 2023 that it had secured a $3 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank to stabilise the naira, has generated mixed reactions.
While...
August 16, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) Limited says it has secured a $3 billion emergency crude repayment loan to support the Naira and stabilise the foreign exchange market.
The Corporation, in a statement on its X...
Nigeria’s four refineries in three locations – Port Harcourt (2), Warri and Kaduna – with a combined refining capacity of 650,000 barrels per day, are idle – the state they have been in for about 15 years. Meanwhile, businesses...
A study of the NNPC’s financial statements showed at least five important areas of contradiction that challenge the claim. Industry experts who commented on the matter noted that an important accounting distinction must be maintained.
