The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to prepay future royalties and taxes to the Federal Government from the $3.3 billion financing deal it secured from the African Export-Import Bank (Afreximbank) in 2023.informationguidenigeria The financing deal was aimed at supporting the Federal Government in stabilizing Nigeria’s exchange rate. The prepayment of future … Read more
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), defended the organization’s exclusive role in importing Premium Motor Spirit (PMS), commonly known as petrol, during a session with the Senate Committee on Finance at the National Assembly Complex.JAMB Portal Kyari explained that the decision for NNPCL to be the … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has expressed confidence in the feasibility of its projections for crude oil production and the price benchmark set for the 2024 budget.informationguidenigeria During an interactive session with the Senate Committee on Finance at the National Assembly in Abuja, NNPCL Group Chief Executive Officer, Mr. Mele Kyari, addressed the … Read more
President Bola Tinubu has officially approved the appointment of a new board and management team for the Nigerian National Petroleum Company Limited (NNPCL). This move represents a significant development in the administration and oversight of Nigeria’s primary state oil company, which plays a critical role in the country’s economy. The reconstitution of the NNPCL board … Read more