(Special Report) WED 2020: Looking at Chevron’ devotion to Biodiversity Conservation in Nigeria
“We should preserve every scrap of biodiversity as priceless while we learn to use it and come to understand what it means to humanity.”These words of Edward Wilson underscore the emerging conversations as we mark yet another World Environment Day…
Why heads can’t roll on three-straight-year losses posted by NNPC
The revelation that Nigerian refineries lost about N377bn in three straight years has continued to elicit reactions from business intelligence experts. Official figures obtained from the Nigerian National Petroleum Corporation (NNPC) have made it clear that Nigeria’s ailing refineries lost…
NNPC silent on reviving refineries in Q1, gives stats on lube, fuel, others
Since the beginning of the first quarter of 2020, which is winding up in few days, the Nigerian National Petroleum Corporation (NNPC) had not given any clear update to Nigerians on the repair status of each of the national refineries….
With less than $5 to produce a barrel of oil, price crash can’t hit S’Arabia as Nigeria
Recent sustained drop in global prices of crude oil have once again, resurrected the economics of cost of crude oil production in Nigeria and beyond. Recall that the former Minister of State, Petroleum Resources, Dr Ibe Kachukwu had assured Nigerians…
Update: NNPC clears the air, says Abule Ado Explosion from gas cylinder
…GMD Heads to Lagos to assess damage The Nigerian National Petroleum Corporation (NNPC) Sunday evening said that the reported explosion which rocked Abule Ado Area of Lagos State in the early hours of the day was as a result of…
Bad foreign engine oil products forced NNPC to launch lubricants—Okoye
The Managing Director, NNPC Retail Limited, Mr Billy Okoye has given further insights as to why the company embarked on producing world class lubricants for vehicles and engine use in Nigeria. Speaking in an interview shortly after the unveiling of…
Why NNPC finally introduced Nitro, Rhino range of Lubricants
The Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva, has given clear insights on why the NNPC Retail Limited, is introducing various range of Lubricants to the Nigerian and international markets. Recall that the products were earlier…
Just in: Minister, Senate, NNPC visit Atlas Cove for assessment of depot upgrade
As part of determined efforts at keeping all oil installations in shape and safety standards, the Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva accompanied by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),…
NNPC at NIPS, says ‘Our refineries must come back,’ silent on how
For anxious Nigerians and industry stakeholders attending the ongoing 3rd Nigeria International Petroleum Summit (NIPS) in Abuja, it was total confusion when the Group Managing Director, the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari said ‘Our refineries must come…
Can NNPC explain N68.82bn income with N192.1bn OPEX on three refineries?
The happiness of many industry watchers on recent financial statements of several subsidiaries of the Nigerian National Petroleum Corporation (NNPC) showing boom in income seemed to have been cut short with latest financial reports coming from the Corporation. Besides, many…
