Tag: NNPC

The Nigerian National Petroleum Company (NNPC) Limited, Africa’s largest national oil company by production volume, has announced an unprecedented full-year 2024 profit after tax of ₦5.4 trillion (approximately $30 billion at current exchange rates), marking a 64% increase from the previous year.   The state-owned energy giant generated total revenue of ₦45.1 trillion in 2024, […]

At the ongoing COP30 in Belém, Brazil, the Nigerian National Petroleum Company Limited (NNPC Ltd) has emerged as a key driver in advancing a unified national framework for Monitoring, Reporting, and Verification (MRV) systems, a critical step toward unlocking carbon finance and accelerating Africa’s most populous nation’s energy transition.   During a high-level side event […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially appointed Mr. Andy Odeh as its new Chief Corporate Communications Officer, alongside Mrs. Morenike Adewunmi as Chief Relations Officer. The announcement was made in a company statement released earlier this week. Profile of Andy Odeh: Brings over 30 years of communications and business administration experience […]

President Bola Tinubu has dismissed the entire 11-member board of the Nigerian National Petroleum Company (NNPC), including CEO Mele Kyari. The new board, led by industry veteran Bashir Ojulari, is tasked with addressing mismanagement and revitalizing Nigeria’s oil sector.