* In a meeting that spotlighted Nigeria’s progress in rural electrification, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has applauded the Rural Electrification Agency (REA) for its impactful initiatives across the country. The Agency’s Managing Director, Abba Abubakar Aliyu, while briefing HM Edun at the Federal Ministry of...
Category: Energy
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STILL ON NAIRA CRUDE OIL SALES INITIATIVE: IMPLEMENTATION COMMITTEE MEETS TO FAST-TRACK TRANSITION*
In a significant step towards ensuring the speedy realization of the Presidential directive on Crude Oil Sales in Naira with a view to enhancing Nigeria’s economic growth and development, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in his office in Abuja, presided over a crucial meeting of...
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FG INAUGURATES TECHNICAL SUB-COMMITTEE ON NAIRA-BASED CRUDE SALES TO LOCAL REFINERIES*
In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira. The Honourable Minister of Finance and Coordinating Minister of the Economy,...
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NGO CALLS FOR REMOVAL OF THE GCEO NNPCL, MELE KYARI.
The non governmental organization has called for the protest for the removal of Mele kyari as the group chief executive officer of Nigerian National Petroleum Company Limited. While addressing journalists during the launching of a nationwide campaign to collect a million signatures in Abuja, the national spokesperson,Abubakar Yale alleged Mele kyari that the deduction...
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NIGERIA CUSTOMS SERVICE UNVEILSGUIDELINES FOR IMPLEMENTATION OF ZERO DUTY RATE ON SOME BASIC FOOD ITEMS
Drawing from the Presidential directives aimed at alleviating the hardship faced by Nigerians due to high prices of essential food items, the Nigeria Customs Service (NCS) is pleased to announce that His Excellency, the President of the Federal Republic of Nigeria Bola Ahmed Tinubu GCFR through the Honourable Minister of Finance and the Coordinating Minister...
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NNPCL Boss, Kyari Continues to Advocate For Onslaught Against Crude Oil Theft and Pipeline Vandalism.
*…Says NNPC Ltd Witnessing Improved Growth in Crude Production The Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against the menace has yielded improved growth in the nation’s crude oil production. GCEO, NNPC Ltd, Mr....
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FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA*
In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met...
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Watch the Video of Dangote”s stand on crude supply to its Refinery*
*Media reports that the Dangote Refinery has retracted, admitting that NNPC supplied roughly 60% of the 50 million barrels we lifted, have caught our attention. To be clear, we have never charged NNPC with failing to provide us with crude. Our main worry has always been NUPRC’s unwillingness to uphold the domestic crude supply commitment...
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Ikeja Explosion: Not Linked to NGML/NIPCO CNG Stations – NNPC
The Nigerian Natiional Petroleum Corporation Ltd says that the reported explosion at a fi lling station in Ikeja, area of Lagos, has nothing to do with the recently commissioned NNPC Gas Marketing Ltd (NGML)/NIPCO Compressed Natural Gas (CNG) Stations, which are currently functioning and running safely without any incident. The Nigeria”s Oil plug also added...
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NNPC Ltd Launches Utapate Crude Oil Grade Into International Market.
The NNPC Ltd has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market. From Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude oil blend commenced operations in July 2024, as its first cargo headed for Spain. Located...