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Tag: NNPC

  • ERA applauds Tinubu’s NNPC shakeup, demands probe of fake refinery deals

    ERA applauds Tinubu’s NNPC shakeup, demands probe of fake refinery deals

    The Energy Reforms Advocates (ERA) has praised President Bola Ahmed Tinubu for his decision to remove Mele Kyari as the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited.

    In a statement on Wednesday, Abdulkadri Isah, president of ERA, described the move as a courageous step toward reforming Nigeria’s oil sector and tackling entrenched corruption. 

    He said Kyari’s removal would allow a full investigation into alleged fraudulent refinery projects under former President Muhammadu Buhari’s administration.

    “The dismissal of Mele Kyari signals a new dawn in our nation’s commitment to eradicating corruption in the oil and gas sector. We commend President Tinubu for demonstrating the political will to confront these challenges head-on,” Isah said.

    He urged the newly appointed leadership of the NNPC to prioritise an audit of past projects and ensure accountability in the sector.

    “The probe into fake refinery projects must be swift and thorough. Nigerians deserve to know how billions of dollars were allocated to non-existent or uncompleted projects while the country continued to rely on fuel imports,” he stated.

    ERA called on relevant anti-corruption agencies to support the process, warning that failure to expose past mismanagement would hinder any meaningful reform.

    “This investigation should not end with a change in leadership. There must be consequences for those who mismanaged funds and deceived Nigerians. The government must set a precedent that corruption will no longer be tolerated,” Isah added.

    Read Also: FULL LIST: NNPC GMDs from 1977 till date

    The group also expressed optimism that under fresh leadership, the NNPC could regain public trust and reposition itself as a driver of economic growth.

    “With competent leadership, the NNPC can finally fulfill its mandate. We expect reforms that will boost local refining capacity, attract investment, and ultimately reduce Nigeria’s dependence on imported petroleum products,” the statement read.

    Kyari’s removal was part of a broader shake-up of NNPC’s board, with former Shell executive Bashir Bayo Ojulari appointed as the new GCEO and Ahmadu Musa Kida as non-executive chairman. 

    The restructuring aligns with the government’s vision of revitalising the oil sector and increasing Nigeria’s crude oil production and refining capacity.

  • FULL LIST: NNPC GMDs from 1977 till date

    FULL LIST: NNPC GMDs from 1977 till date

    The Nigerian National Petroleum Company (NNPC) Limited is a state-owned oil company. Still a fully-owned government company, it was transformed from a corporation into a limited liability company in July, 2022.

    The company boasts of extensive infrastructure and investment in the downstream, midstream and upstream of the Nigerian petroleum industry.

    NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron). Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production.

    Following passage of a Petroleum Industry Act in August 2021, NNPC now operates as a commercial entity without relying on government funding and direct controls. NNPC was established as a limited liability corporation in the hopes that a private entity will find it easier to access international capital markets.

    On April 2, 2025, President Bola Ahmed Tinubu dissolved the board of NNPC Limited and appointed Bayo Ojulari as the new group chief executive officer (GCEO). Ahmadu Musa Kida was appointed the new non-executive chairman, replacing Chief Pius Akinyelure. 

    Here is a full list of NNPC group managing directors from 1977 till date below: 

    1977-1980: Remilekun A Marinho

    1980-1981: Odoliyi Lolomari

    1981-1985: Lawrence Amu

    1985-1990: Aret Adams

    1990-1992: Thomas John

    1992-1993: Edmund Daukoru

    1993-1995: Chamberlin Oyibo

    1995-1999: Dalhatu Bayero

    1999-2003: Jackson G Obaseki

    2003-2007: Funsho Kupolokun

    2007-2009: Abubakar Yar’Adua

    2009-2010: Muhammed Bakindo

    2010: Shenu Ladan

    2010-2012: Augustine O. Oniwon

    2012-2014: Andrew Yakubu

    2014-2015: Joseph Thlama Dawha

    2015-2016: Ibe Kachukwu

    2016-2019: Maikanti Baru

    2019-2025: Mele Kyari

    2025-present: Bayo Bashir Ojulari

  • FOST congratulates new NNPC leadership, urges reforms, transparency

    FOST congratulates new NNPC leadership, urges reforms, transparency

    A group, Friends of Seyi Tinubu (FOST), has congratulated the newly appointed leadership of the Nigerian National Petroleum Company Limited (NNPCL) following decisive restructuring by President Bola Ahmed Tinubu. 

    The group said the bold step by President Tinubu underscores his administration’s commitment towards fostering efficiency, restoring investor confidence, and repositioning the NNPCL for commercial viability.

    A statement by the President of the group, Com. Adejorin Tai Manuel noted that petroleum sector remained a critical pillar of economy, and its management must reflect accountability, transparency, and commitment to national development.

    Read Also: FULL LIST: 11 new NNPC Limited board members

    It charged the new leadership of NNPCL to seize the opportunity to change the narratives of NNPCL by ensuring that its operations genuinely serve the interests of the Nigerian people, not just a privileged few.

    The group stated:  “Key issues such as fuel price stability, local refining capacity, the elimination of corruption, and an end to oil theft must be tackled with renewed urgency. 

    “Nigerians deserve an NNPCL that works for them, reduces economic hardship, and supports national growth. This is the time to take bold, strategic decisions that will leave a lasting positive impact.”

    It said FOST remained confident that under the new leadership, NNPCL will embrace reforms that prioritize the masses, boost energy security, and drive sustainable economic progress. 

    “We urge the new management team to work diligently, uphold transparency, and deliver a petroleum industry that truly benefits the people.

    “Once again, congratulations to the new NNPCL leadership. We look forward to a transformed and accountable oil sector.”

  • FULL LIST: 11 new NNPC Limited board members

    FULL LIST: 11 new NNPC Limited board members

    President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Malam Mele Kyari.

    A statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, indicated that the President  removed all other board members appointed with Akinyelure and Kyari in November 2023.

    The new 11-man board has Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.

    Read Also: 16 things to know about new NNPC CEO/GMD Ojulari

    Here is the list of the new NNPC Limited board members:

    1. Ahmadu Musa Kida – Non-Executive Chairman

    2. Bashir Bayo Ojulari – Group Chief Executive Officer (GCEO)

    3. Adedapo Segun – Chief Financial Officer (CFO)

    4. Bello Rabiu – Non-Executive Director (North West)

    5. Yusuf Usman – Non-Executive Director (North East)

    6. Babs Omotowa – Non-Executive Director (North Central)

    7. Austin Avuru – Non-Executive Director (South-South)

    8. David Ige – Non-Executive Director (South West)

    9. Henry Obih – Non-Executive Director (South East)

    10. Mrs. Lydia Shehu Jafiya – Representative of the Federal Ministry of Finance

    11. Aminu Said Ahmed – Representative of the Ministry of Petroleum Resources

  • JUST IN: NNPC refutes explosion at Port Harcourt Refinery

    JUST IN: NNPC refutes explosion at Port Harcourt Refinery

    The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State.

    In a statement issued yesterday by its Chief Corporate Communications Officer, Olufemi Soneye, NNPC clarified that the incident was a flare event, not an explosion, and assured that it had been fully contained.

    “The company clarified that what occurred was a flare incident, which has since been fully contained. There is no danger or health hazard to staff, the surrounding communities, or the environment.

    Read Also: JUST IN: NNPCL invites Obasanjo for tour of Port Harcourt Refinery

    “NNPC Ltd. urges the media and the public to disregard any reports suggesting an explosion at the refinery, as they are entirely false.”

  • CBN, INEC, PDP, NNPC, NUC, NDDC, others affected in Wike’s Abuja land revocation

    CBN, INEC, PDP, NNPC, NUC, NDDC, others affected in Wike’s Abuja land revocation

    More details of the owners of some of the 4, 794 land titles revoked by the Federal Capital Territory (FCT), Minister Nyesom Wike have emerged. 

    Wike, through his aides, on Monday night said that the land titles were revoked over non-payment of ground rent, in some cases, for more than 40 years.

    The affected land title holders from the new details obtained by THE NATION include the Central Bank of Nigeria (CBN); Independent National Electoral commission (INEC); Nigeria’s leading opposition party – Peoples Democratic Party (PDP) – and the Nigerian National Petroleum Corporation (NNPC).

    They also include CONOIL Plc, Borno State Government, Nigerian Television Authority (NTA), Niger Delta Development Commission (NDDC), National University Commission (NUC), M.R.S Investment Company Limited (owners of MRS Petrol Stations) and Kaduna State Government.

    Others are Nigerian Port Authority (NPA); News Agency of Nigeria (NAN); Federal Ministry of Environment; Nigerian Security Printing and Minting Company; University of Calabar, Nigerian Postal Service and Power Holding Company of Nigeria (PHCN), among others.

    Findings revealed that most of the big names affected were owing more than 20 years ground rent.

    On Monday, the FCT minister’s office announced the revocation of 4,794 land titles, over non-payment of ground rent, for more than 40 years.

    In the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama and Guzape, a total of 8,375 property owners have not paid ground rent in the last 43 years.

    The Minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, Federal Capital Territory Administration (FCTA) Director of Lands, Chijioke Nwankwoeze, made the announcement while briefing reporters in Abuja on Monday.

    Read Also: FULL LIST: Nigeria’s over 300 tribes shaping national identity

    “It should be noted that the FCTA made numerous publications in national newspapers and announcements on broadcast media since 2023, calling on defaulters to pay up all outstanding bills and ground rents. All these yielded little responses, as several allottees failed to pay.

    Olayinka said lists of land titles in default of payment of Ground Rent were compiled in the 10 oldest districts of Phase 1 of the Federal Capital city (FCC), which are Central Area District (Cadastral Zone A00), Garki I (Cadastral Zone A01), Wuse I (Cadastral Zone A02), Garki II (Cadastral Zone A03), Asokoro (Cadastral Zone A04), Maitama (Cadastral Zone A05), Maitama (Cadastral Zone A06), Wuse II (Cadastral Zone A07), Wuse II (Cadastral Zone A08) and Guzape (Cadastral Zone A09).

    He added that N6,967,980,119 was owed as ground rent by 8,375 property owners.

    He also said a total of 4,794 land titles were in default of ground rent payment for 10 years and above.

    “This is in contravention of the terms and conditions of grant of the rights of Occupancy, in line with the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act.

    “Consequently, the titles of the properties in default of payment of Ground Rent for 10 years and above have been revoked forthwith.

    “A grace of 21 days is also given to title holders that are in default of payment of Ground Rent for between one and ten years, after which the affected titles will be revoked.”

  • NNPC clarifies Naira-crude contract with Dangote Refinery

    NNPC clarifies Naira-crude contract with Dangote Refinery

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its contract with Dangote Refinery for the sale of crude oil in Naira was structured as a six-month agreement.

    The Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, on Monday in a statement said this was subject to availability, and expires at ending of March 2025.

    He said discussions were ongoing towards emplacing a new contract.

    The spokesperson explained that the clarification became necessary because of the recent reports on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC and Dangote Refinery.

    “Under this arrangement, NNPC has made over 48 million barrels of crude oil available to Dangote Refinery since October 2024.

    Read Also: Dangote Refinery slashes petrol price by N65

    “In aggregate, the NNPC has made over 84 million barrels of crude oil available to the Refinery since its commencement of operations in 2023.

    “NNPC Limited remains committed to supplying crude oil for local refining based on mutually agreed terms and conditions,” he said.

    (NAN)

  • NNPC signs pact to supply 80mmscf/d to Ssonic plant

    NNPC signs pact to supply 80mmscf/d to Ssonic plant

    The Nigerian National Petroleum Company (Limited NNPCL) and its Joint Venture partner, NIPCO Gas Ltd have signed a Gas Sale and Purchase Agreement (GSPA( with Ssonic Petroleum Ltd to supply 80 million standard cubic feet (mmscf) per day of  natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.

    This was contained in a statement issued by NNPCL Chief Corporate Communications Officer, Mr. Olufemi Soneye yesterday.

    The statement said, “The NNPC Gas Marketing Ltd (NGML), a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply 80 million standard cubic feet (mmscf) per day of  natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.”

    Read Also: Young Nigerians in politics (4)

    Soneye explained that under the terms of the agreement which was executed on Thursday, 6th March, 2025, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.

    The gas supply agreement, according to the statement, is part of efforts by the NNPC Ltd to boost domestic gas utilisation for the nation’s industrial and economic growth and promote the use of gas as a cleaner, cheaper and more environmentally friendly fuel in keeping with the goal of reducing global warming.

  • NNPC signs pact to supply 80mmscf/d to Ssonic plant

    NNPC signs pact to supply 80mmscf/d to Ssonic plant

    The Nigerian National Petroleum Company (Limited NNPCL) and its Joint Venture partner, NIPCO Gas Ltd have signed a Gas Sale and Purchase Agreement (GSPA( with Ssonic Petroleum Ltd to supply 80 million standard cubic feet (mmscf) per day of natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State. 

    This was contained in a press statement that NNPCL, Chief Corporate Communications Officer, Mr. Olufemi Soneye issued on Friday.

    The statement said, “The NNPC Gas Marketing Ltd (NGML), a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply 80 million standard cubic feet (mmscf) per day of natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.”

    Soneye explained that under the terms of the agreement which was executed on Thursday, 6th March, 2025, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.     

    The gas supply agreement, according to the statement, is part of efforts by the NNPC Ltd to boost domestic gas utilisation for the nation’s industrial and economic growth and promote the use of gas as a cleaner, cheaper and more environmentally friendly fuel in keeping with the goal of reducing global warming.  

  • Talks on bad fuel quality bad marketing antics, says Kyari

    Talks on bad fuel quality bad marketing antics, says Kyari

    The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunate drama and bad marketing practice.

    Kyari, who was speaking while fielding questions at a fireside chat during the 60th Nigeria Mining & Geosciences Society (NMGS) Conference in Abuja, said the NNPC
    Ltd, and indeed the country does not have any issues of quality in the Premium Motor Spirit (PMS) also known as petrol.

    “The talk around fuel quality is unfortunate and a very bad marketing practice. It’s
    all drama and entertainment and as we know, drama has a way of entertaining the people,” Kyari stated.

    He said Premium Motor Spirit (PMS) has quality standards which are obtainable in
    every country and there are no two countries that have the same standards.

    Citing an example, Kyari said in Europe, oxygenate (a fuel additive) has to be
    introduced into PMS otherwise it will solidify the tank in people’s cars.

    But if the same fuel additive is introduced into cars in Nigeria, it turns to water once it gets
    into contact with air.

    In essence, Kyari said, what is required by law to be introduced in one country, it is also required by law not to be introduced in another country.

    He added that in the case of Nigeria, the country has standard regulatory agencies
    such as the Standard Organisation of Nigeria (SON) and the Nigerian Midstream & Downstream Regulatory Agency (NMDPRA), whose job is to ensure that every product that comes into this country meets the required products specifications and standards.

    Read Also: Tinubu unveils four environmental health policies to boost sustainability

    Chief Corporate Communications Officer, Mr Olufemi Soneye, who made this known in a statement quoted Kyari as saying: “I believe these regulatory agencies are doing their job. They have not come back to tell anyone that we have substandard products in the country,” Kyari told the
    audience.”

    The NNPC helmsman said the Company has already taken the necessary legal and security steps to ensure that people (behind such video) don’t mess up the country.

    He said the implications of such acts are not only on NNPC Ltd anymore but more
    about messing up the whole country.

    Kyari, who maintained that people can have their frustrations, cautioned that
    falsehood should never be extended into business

    The GCEO also debunked reports claiming that NNPC Ltd has imported 200million
    litres of fuel in February this year.

    “These are just lies, because we didn’t even import products within that window
    that the report was published. All the mischief about aligning this fictitious
    importation with the so-called low-quality fuel are just baseless,” he stated.

    He explained that importation is a normal practice in the Industry, as every country
    imports petroleum products, including the United States.

    He said Nigeria has supplied petroleum products to countries such as Saudi Arabia and the UAE, which
    doesn’t mean that there are no refineries in those countries.