President Bola Tinubu has urged the new Nigerian National Petroleum Company Ltd. (NNPCL) board to consolidate the gains of the ongoing economic reforms, which have attracted commendations for the resilience and competitiveness of the Nigerian economy. This is contained in a statement by the Presidential spokesman, Mr Bayo Onanuga, on Thursday. Speaking at the inauguration of … Read more
NIGERIAN National Petroleum Company Limited, NNPCL, has reduced its retail price of Premium Motor Spirit. Trojaninsights correspondent observed on Saturday that NNPCL retail outlets along Kubwa Express Way, Zone 4 Abuja, and Gudu, all in the Federal Capital Territory, have adjusted their fuel pump price to N910 per litre from N935. This showed that … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has revised the pump price of Premium Motor Spirit (PMS), commonly known as petrol, reducing it at its retail stations in the Federal Capital Territory, Abuja. According to findings by DAILY POST, the new price at NNPCL filling stations has been reviewed from ₦950 per litre to ₦935. Several motorists … Read more
THE new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), Mr Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr Mele Kyari. Following the appointment of the new GCEO and Board of Directors, the NNPC Ltd. also announced the appointment of a new eight-man … Read more
THERE is growing anxiety in Nigeria’s downstream oil and gas sector as operators await the Federal Government’s decision on the future of the naira-for-crude deal between the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Petroleum Refinery. The six-month deal, which began in October 2024, officially ends today, Monday, March 31, 2024, and the … Read more
THE Nigerian National Petroleum Company Limited has announced its readiness to commence the highly anticipated listing on the capital market, by the Petroleum Industry Act 2021 provisions. Trojaninsights reports that the NNPCL Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, made this known in a statement released on Thursday in Abuja. Soneye said the Company’s Chief … Read more
Renaissance Africa Energy Holdings has announced the successful completion of its landmark acquisition of Shell Petroleum Development Company of Nigeria (SPDC) for $2.4 billion. The transaction, finalised after securing all necessary regulatory approvals, marks a significant milestone in Nigeria’s energy sector. SPDC will now be rebranded as Renaissance Africa Energy Company Limited. The … Read more
By Inusa Salihu, Maiduguri THE Federal government has flagged off the distribution of gas cylinders to heads of households including 250 Internally Displaced Persons, IDPs in the Northeast region to serve as an alternative cooking energy solution and the ‘Decade of Gas Cooking’ Gas Outreach Programme. The ceremony which took place in Maiduguri, Borno … Read more
THE Nigeria National Petroleum Company Limited (NNPCL) has said, with its partner, First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV), it has achieved a 96 percent reduction in gas flaring. Trojaninsights reports that NNPC’s spokesman, Olufemi Soneye, disclosed this in a statement on Thursday. NNPC said the success achieved was in line … Read more
FOR starters, let me say Happy New Year to everyone, including the grandfather of Nigeria, former Head of state, former President and former member/leader of the former biggest political party in Africa, the Peoples Democratic Party, PDP, Chief Olusegun Matthew Okikiola Ogunboye Aremu Obasanjo, GCFR. Since last week, when, in what everyone saw as … Read more