Tag: NNPC
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President Tinubu’s Nephew Didn’t Buy NNPC Ltd.—He Just Inherited the Oil Stains and Office Chair
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President Tinubu’s nephew isn’t leading a corporate takeover; it’s just a strategic merger of NNPC Ltd. and OVH Energy, not a family acquisition. In the latest twist of Nigerian oil and gas drama, you might have heard that President Bola Tinubu’s nephew, Wale Tinubu, acquired NNPC Ltd. Sounds juicy, right?…
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Fuel Subsidy: Is the Government Playing a Game of Smoke and Mirrors?
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Fuel subsidy: President Tinubu claimed to abolish it, yet costs and black markets persist. Atiku demands transparency on fiscal impacts and ongoing subsidy expenditures, questioning government honesty. Ever since President Bola Tinubu, at his inauguration on May 29, 2023, announced the end of the fuel subsidy, it has been a…
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NNPC E&P Ltd. and NOSL Celebrate First Oil in OML 13, Akwa Ibom State
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NNPC E&P Ltd. and NOSL have begun oil production at OML 13 in Akwa Ibom State, Nigeria, starting at 6,000 barrels per day and aiming for 40,000 barrels per day by May 27th, 2024. This marks a key step in Nigeria’s oil and gas sector, showcasing their commitment to growth,…
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NNPC Ltd. Resolves Tightness in Fuel Supply, Reassures Nigerians of Stable Prices
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In a recent statement, the Nigerian National Petroleum Company Limited (NNPC Ltd.) addressed the current tightness in the supply of Premium Motor Spirit (PMS) across some areas in Nigeria, attributing it to logistics issues that have since been resolved. The Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye, emphasized…