NNPCL Ushers in New Leadership Era with Ojulari at the Helm and Strategic Senior Management Appointments
The Nigerian National Petroleum Company Limited (NNPCL) has entered a new chapter of leadership as Bayo Ojulari formally assumes the role of Group Chief Executive Officer (GCEO), taking over from his predecessor, Mele Kyari. The change of leadership was marked…
CNPP Welcomes Removal of Mele Kyari, NNPCL Board Members, Hails President Tinubu, Reiterates Demand for Company’s Forensic Audit
Conference of Nigeria Political Parties (CNPP) has welcomed a move expected to be a significant development aimed at reforming Nigeria’s oil industry, commending President Bola Ahmed Tinubu for his decisive action in relieving Mele Kyari of his duties as the…
Shake Up in NNPC Limited: Tinubu Fires Mele Kyari As GCEO, Names Bayo Ojulari As Replacement, Appoints Board Members
President Bola Tinubu has sacked the board of the Nigerian National Petroleum Company Limited (NNPC Limited) including its Group Chief Executive Officer (GCEO), Mele Kyari and board chairman Pius Akinyelure, naming Bayo Ojulari as Kyari’s replacement. The decision, effective April…
Third Explosion in a Week: Rivers State Oil Facilities Under Siege Amid Emergency Rule
Barely a week after a catastrophic explosion rocked the Trans Niger Pipeline in Bodo, Gokana Local Government Area of Rivers State, another devastating blast has struck the Soku oil facility in Akuku Toru Local Government Area. This marks the third…
House Committee Recovers ₦28.7 Billion from Oil Companies Amid Broader Financial Oversight
In a significant stride towards financial accountability, the Public Accounts Committee (PAC) of the House of Representatives announced on Sunday the recovery of approximately ₦28.7 billion from two oil companies indebted to the Federation Account. This development comes as part…
Global Oil Price Surges as US Imposes Latest Sanctions on Russia
The global oil market witnessed a significant surge on Monday, with Brent crude rising above $81 per barrel, as the latest US sanctions on Russia’s oil industry took effect. This development comes after oil marketers in India and China scrambled…
Obasanjo Gets NNPC Limited’s Invitation After Revealing How NNPC Rejected Dangote’s $750m Offer to Manage Nigeria’s Refineries
Former Nigeria’s President Olusegun Obasanjo has revealed that the Nigerian National Petroleum Corporation (NNPC), now Nigerian National Petroleum Company Limited (NNPC Limited) rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007….
Kebbi Customs Command Achieves Significant Milestones in Q3
The Nigeria Customs Service Area Command in Birnin-Kebbi, Kebbi State, has announced impressive results for the third quarter of 2024. The Command generated N36.2 million and seized illicit goods valued at over N323 million. Revenue Generation and Anti-Smuggling Efforts Comptroller…
BREAKING: Nigeria Deregulates Petrol Market, Allows Marketers to Buy Directly from Dangote Refinery
Nigeria’s Federal Government has taken a bold step towards deregulating the petroleum market, granting petroleum marketers permission to purchase petrol directly from the Dangote refinery. This move effectively bypasses the Nigerian National Petroleum Company Limited (NNPC), ending its monopoly on…
Nigerian Petroleum Marketers Cry Foul as NNPCL Sells Petrol at Higher Rate
The Nigerian National Petroleum Company Limited (NNPCL) has been accused of selling petrol to marketers at a higher rate, sparking outrage among petroleum marketers. According to Abubakar Garima, National President of the Independent Marketers Association of Nigeria (IPMAN), NNPCL sells…
