The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a record net profit of N3.297 trillion for 2023, a 28% increase from N2.548 trillion in 2022. This is the highest profit in the company’s 46-year history. NNPC’s Chief Financial Officer, Umar Ajiya, credited the success to strategic foresight and […]
Today marked a significant milestone in the efforts to enhance Nigeria’s local refining capacity as NNPC Ltd. sealed a landmark deal with the Port Harcourt Refining Company (PHRC) and African Refinery. The signing of a share subscription agreement paves the way for the co-location of a 100,000 barrels per day […]
NNPC Ltd. clarifies its role in facilitating the divestment process of International Oil Companies (IOCs) during the NIES 2024 Summit in Abuja. Mr. Mele Kyari, NNPC Ltd.’s Group CEO, emphasized the company’s commitment to ensuring optimal production from divested assets for national energy security. He also highlighted NNPC Ltd.’s readiness […]
