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Tag: NNPCL

President Tinubu Felicitates NNPC Board Chair Musa Kida at 65

President Tinubu Felicitates NNPC Board Chair Musa Kida at 65

NNPC Ltd. Debt: FG Forgave Interest, Not Principal, Officials Say 

Fresh details have emerged that challenge the widespread belief that the Federal Government recently wiped out the Nigerian National Petroleum Company...

NNPC Limited: Early Signals from the Kida–Ojulari Era 

As a non-executive chairman with decades of industry experience, Engr. Kida’s influence lies less in operational detail and more in direction-setting and discipline. The reconstituted board signals a renewed emphasis on corporate governance, professionalism and alignment with the spirit of the PIA, that NNPC Limited should operate as a business, not a government department. 

NNPC Limited Posts Record ₦5.4 Trillion Profit as New Management Pushes Bold Strategic Agenda 

The company reported total revenue of ₦45.1 trillion, a performance the GMD described as “a defining milestone in the history of our new company” and a strong validation of the corporation’s current strategic direction. 

How the FG Plans to Sell NNPCL Equity and Why Nigerians Should Oppose it – CPF  

The CPF then called on all Nigerians to defend the nation’s interests, insisting that these assets should not be “traded away behind closed doors for the benefit of a few.” The group urged citizens to stand up in protection of resources that belong to the people and have sustained the country since the discovery of crude oil. 

Amending the PIA is Not in the Best Interest of the Nigerian Oil Industry 

The shift of power to MOFI, a government-controlled entity, increases the risk of political influence over NNPCL’s operations. Modern oil companies thrive when operational and strategic decisions are insulated from shifting political priorities. Excessive state intervention can lead to short-termism, policy reversals, or decisions influenced by political expediency rather than sound commercial reasoning. 

Court Orders Freeze on Mele Kyari’s Accounts 

Bank records indicate that Kyari controls these accounts through family members acting as fronts. The transactions were disguised as book launch payments and NGO activities. EFCC has requested detailed account information from Jaiz Bank and issued a temporary no debit instruction for 72 hours, pending a freeze of these accounts during the investigation.

NNPC Chairman Denies Fake News Report of Arrest and Forced Resignation 

Engineer Kida, who is also the president of the Nigeria Basketball Federation (NBBF) and currently in Abidjan, Cote D'Ivoire with the D’Tigress said “I am here in Abidjan with my girls who have qualified for the Afrobasket finals.” He concluded his remarks by calling on the general public to be vigilant against the spread of fake news and to support efforts aimed at national development. “At this critical time for our industry and country, unity and truth must prevail over rumor and falsehood.” 

NNPCL Reports Full Operational Availability on Major Crude Oil Pipelines 

Ojulari stated that crude oil pipelines in the nation became fully operational in June 2025 for the first time in a long period. He explained that this achievement, facilitated by industry-wide security measures led by NNPCL, contributed to an increase in crude oil production. 

NNPC Limited Cautions Against Impersonation by Fraudulent Representatives 

The Nigerian National Petroleum Company Limited (NNPCL) has informed the general public about individuals and companies that are falsely claiming to represent the organization. These impostors are reportedly requesting fees for arranging meetings with NNPC’s board of directors, executives, and management staff. 

NNPCL Lowers Petrol Price by ₦15 

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS) from ₦910 to ₦895 per liter, reflecting a ₦15 reduction. 

NNPCL Chairman Kida: Time Needed to Repair Nigeria’s Oil Sector. 

“Our task is huge. But we are deeply honored to be part of the very select few called upon by the President to reform the oil sector. One thing we can assure you is that we will always tell Nigerians the truth, irrespective of how bitter it will be. We will walk our talk with personal integrity and openness,” Kida said.