NNPC – National Infinity Magazine

Naira Crude Oil Sales: Finance Minister, Wale Edun meets Lokpobiri, Kyari, NNPCL

The Minister of Finance, Wale Edun, has met with key stakeholders in the oil and gas industry, following President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL), to sell crude oil to local refineries in naira. Those in attendance included the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Group Chief Executive Officer of NNPCL, Mele Kyari, Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, and the Permanent Secretary of the Ministry of Finance, Lydia Jafiya. Disclosing this in a post on…

Tale of Loses: A summary of NNPCL 2022 statement of accounts, spends N7.3bn on entertainment in 16months

Jide Ige

Even as many Nigerians are groaning under the present economic hardship the Nigeria National Petroleum Corporation Limited (NNPCL) reportedly spent a whopping sum of N7.3 billion on entertainment expenses in the 16 months in 2021/2022. This is according to the financial record published in December 2022. The persistent concern on the issue of accountability in the NNPC necessitated calls for the organisation to publish its financial statements. With 2024 already in its seventh month, the NNPC is yet to publish its 2023 financial statements. A review of the financial statements…

Pictures: 3 dead, houses, trucks burnt in Lagos NNPC pipeline fire

Wura Kelani, Crime Reporter

Three persons, including a minor, were confirmed dead in a pipeline explosion at Ile Epo, Abule Egba Area of Lagos State on Sunday. Many houses were also burnt when the pipeline belonging to the Nigerian National Petroleum Corporation exploded. The pipeline fire was however put out by a combined team of firefighters and emergency responders. The Lagos State Government announced this in a tweet on Monday. Recall that there was panic in the Ekoro area of Abule Egba of Lagos State around 8 pm on Sunday when a pipeline belonging…