E&P Limited (NEPL), the flagship upstream subsidiary of NNPC Limited, achieved a record production level of 355,000 barrels of oil per day, its highest daily output since 1989. The milestone marks a significant step forward for Nigeria’s upstream sector and reflects the company’s ongoing transformation anchored on efficiency and discipline. The figures show genuine transformation:…
For decades, the Nigerian National Petroleum Company was the black box of the nation’s economy. Revenues flowed in, deductions went out, and only a handful of insiders could explain how the numbers moved. Public complaints about opacity swirled constantly, and mistrust hardened into a national reflex. That posture is beginning to shift. The turning point…
The Senate has directed the Nigerian National Petroleum Company Limited (NNPCL) to refund N210 trillion to the Federation Account after rejecting the company’s explanations regarding the missing funds. The resolution followed weeks of investigation by the Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, which had been probing the oil company’s financial statements…
Port Harcourt refinery Some staff of the Port Harcourt Refinery has faulted the Nigerian National Petroleum Company Limited (NNPCL) on production level of the refinery. One of them declared that the refinery never produced a single drop of fuel despite the billions of dollars sunk into it for turn around maintenance. According of the workers,…
The Economic and Financial Crimes Commission (EFCC) has placed a former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, on its watchlist over the ongoing probe into the $7.2 billion refineries’ turnaround maintenance. This is just as the Federal High Court sitting in Abuja ordered a temporary freezing of…
Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr Bayo Ojulari, has broken his silence on social media reports that Adegboyega Fasasi and Usman Shugaba, Chief Security Officer (CSO) and Chief Personal Security Officer (CPSO) respectively to President Bola Tinubu accepted a $1.5 million bribe from him to facilitate access…
By Sufuyan Ojeifo The confusion that has engulfed the Nigerian National Petroleum Company Limited [NNPCL] in recent days has become so enervating that one wonders how long the debacle will persist. Surely, there must be an end to the chaos that now defines the administration of Nigeria’s oil crown jewel. To say that the vast…
The Economic and Financial Crimes Commission (EFCC) has launched a full scale investigation into activities of some of the recently sacked top staff of the Nigerian National Petroleum Corporation Limited (NNPCL). Among those the EFCC is investigating include the immediate past Group Chief Executive Officer of NNPCL, Mele Kyari. It was learnt that the anti-graft…
By Charles Ude, Esq. In the theatre of public administration and corporate governance, integrity remains both a virtue and a shield. Mele Kyari, the immediate past Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), has stood as a technocrat who has redefined strategic management within Nigeria’s most critical national enterprise. Regrettably, the…
Bayo Ojulari, Group CEO, NNPCL Details have emerged on the reason behind laying off such large number of workers by the management of the Nigerian National Petroleum Company Limited, NNPCL. The company on Tuesday fired the managing directors of the three refineries under the control of NNPCL. The refineries are Port Harcourt Refining Company, Warri…
