Mele Kyari
28 Feb
The Federal Government yesterday said international oil companies (IOCs) will not be blocked from divesting their assets in the country even as the government warned that short-changing Nigeria in the process will not be tolerated.
22 Feb
Group Chief Executive Officer (GCEO), the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has underscored the pivotal role of energy security in the success of public wealth creation endeavours.
9 Feb
Nigerian National Petroleum Company Limited (NNPCL) and Central Bank of Nigeria (CBN) have reached an agreement on the directive by the President for earnings from oil to be domiciled in the apex bank.
8 Feb
The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have agreed to enhance their banking relationship for smoother commercial operations, ensuring improved cash management and digital transaction platforms. This agreement was announced on Thursday in a statement jointly signed by the spokesperson of NNPCL, Olufemi Soneye and his counterpart…
28 Jan
Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment.
24 Jan
The Permanent Representative of the Centre for Convention on Democratic Integrity, (CDDI) to the ECOSOC-United Nations and Chairman of the Civil Society Policy Forum of World Bank/ African Countries Caucus, Olufemi Aduwo, extolled the impressive growth recorded so far by the Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari. According to…
19 Jan
Delays and setbacks in mega-construction projects are nothing new. It doesn’t matter which country you are in, the level of investment you may have, or even the skill and determination of your government and workforce, these projects are hardly ever completed on time.
18 Jan
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, said that insecurity is the major reason for the high cost of crude oil production. Kyari made this disclosure on Wednesday during the 2024 Faculty of Science Lecture at the Obafemi Awolowo University (OAU), Ile-Ife where he was a guest…
18 Jan
Group Chief Executive Officer of Nigerian National Petroleum Company Ltd, Mele Kyari, has claimed that the country is experiencing low investments because some citizens are paid to de-market the country and discourage investors.
16 Jan
Nigeria may fail to produce about 138 million barrels of crude oil worth $10.73 billion in 2024 even as President Bola Tinubu sets Nigeria’s N28 trillion 2024 budget on an unrealistic oil and gas outlook that has consistently failed in the last 10 years.
8 Jan
President Bola Tinubu has felicitated with the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, as he marks his birthday today. The President commended the diligence, passion and expertise the geologist brings to tasks as one of the longest-tenured chief executives in the history of Africa’s most valuable energy…
22 Dec
The old Port Harcourt Refinery with 60,000 barrels per day (bpd) capacity has reached 84.4 per cent completion, the Nigerian National Petroleum Company Limited (NNPCL) confirmed yesterday. Awarded for $1.5 billion and billed for completion over one year ago, the facility comprises two units. The old plant, also called Area Five, and the new one with150,000…
Latest
16 mins ago
The Central Bank of Nigeria (CBN) has informed Bureau De Change (BDC) operators about direct sales of US dollars at a discounted rate of N1,021 per dollar. The directive was contained in a circular issued by the apex bank on Tuesday, 23 April 2024. This is the second sale this month and the fourth in…
26 mins ago
Nigerian singer Tems has announced the release of her latest single ”Love me Jeje” an imitation of Seyi Sodimu in 1997. Seyi Sodimu known as Mr. Jeje is a Nigerian singer-songwriter, best known for his hit single "Love Me Jeje". The song made him popular in Nigeria in the late 1990s and early 2000s. The…
27 mins ago
Dangote Oil and Petroleum Refinery has once again slashed the prices of diesel and aviation fuel. Dangote on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940 and N980 per litre respectively. This latest round of reductions is coming about two weeks after the company slashed the price…
34 mins ago
Flutterwave is ready for an initial public offering (IPO), says CEO, Olugbenga ‘GB’ Agboola (Right)[/caption] Nigeria’s top company in the financial technology sector, Flutterwave, has rolled out plans for an initial public offering (IPO). This was disclosed by the chief executive of Flutterwave, Olugbenga ‘GB’ Agboola, at Semafor’s World Economy Summit in Washington D.C. on…
1 hour ago
Erik ten Hag says the media reaction to Manchester United's performance in the FA Cup semi-final against Coventry was "a disgrace", robustly defending his side's achievement in reaching a second straight final. United surrendered a 3-0 lead at Wembley on Sunday and were saved from a humiliating exit in extra time only by a VAR…
1 hour ago
A Federal High Court, Abuja, on Tuesday, fixed May 10 for ruling on an application by former Governor of Kogi, Alhaji Yahaya Bello, seeking an order of setting aside the April 17 arrest warrant issued against him. Justice Emeka Nwite fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC), Kemi Pinheiro,…
1 hour ago
A 31-year-old Chinese tourist died after falling into an acidic crater lake in Indonesia’s East Java province, local media reported. The tourist was taking a selfie with her husband when she slipped and fell into the 75-metre-deep Ijen Crater in Banyuwangi district , Kompas.com reported on Tuesday. The couple’s tour guide said the woman had…
1 hour ago
The Nigerian government has said that every Nigerian borrower who goes for made-in-Nigeria product would get better terms on their credit facility. This was revealed by President Bola Tinubu's spokesperson Ajuri Ngelale during in an interview on TVC. "The president has put in a stipulation that we are going to be giving through the Consumer…
1 hour ago
The Federal High Court in Abuja has rejected the request made by a former governor of Kogi State, Yahaya Bello, that his order of arrest should be discharged. The court rejected the request on Tuesday after Bello who was absent at his arraignment said he is ready to make an appearance but he is afraid…
1 hour ago
Former Governor of Kogi, Alhaji Yahaya Bello, on Tuesday, prayed a Federal High Court, Abuja to vacate the arrest warrant order issued to the Economic and Financial Crimes Commission (EFCC) against him on April 17. Bello, through his lawyer Adeola Adedipe, SAN, made the application following an order by Justice Emeka Nwite, directing the EFCC…