Discover and read the best of Twitter Threads about #NNPC

Most recents (9)

GMD @MKKyari: “#NNPC has never published its audited financial statement in 43 yrs.We came & started doing that & released the 2018 financial statement.We were not afraid of doing that & there were a lot of criticisms that we lost money in refinery operations & pipeline business"
GMD @MKKyari: “We went ahead & published the 2019 audited report & were able to learn and cut cost & became more efficient. There is no company in the country which has cut its losses within one financial year by N800bn. We have improved efficiency by cutting 97% in our losses"
GMD @MKKyari: "These are truly difficult times for our Industry. But I am proud to say that we were able to maintain our obligations to the Federation Account for seven months without any fail despite the huge impact of the #COVID-19 pandemic on the oil and gas industry."
Read 3 tweets

Otedola Bridge Explosion: @NNPCgroup Commiserates with Victims, Lagos Govt


1a. The #NNPC has commiserated with the Govt and people of Lagos State and especially the victims over the unfortunate tanker explosion which occurred on the Otedola Bridge..
1b... in Lagos, in the early hours of Saturday.
2a. According to reports, the unfortunate incident occurred when a container truck loaded with fabric experienced a brake failure and collided with a 33,000ltrs fuel tanker loaded with Premium motor spirit (PMS), belonging to a downstream operator,...
Read 8 tweets

@NNPCgroup Releases 2019 Audited Financial Statement, Reduces Loss by 99.7%

1. Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (#NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

2a. A statement by the Corporation's spokesman, Dr. Kennie Obateru, quoted the NNPC Chief Financial Officer, Mr. Umar Ajiya, as saying that the 2019 Audited Financial Statement, which was concluded five months after the release of the 2018 Audited Financial Statement...,

Read 10 tweets
#HappeningNow in #Owerri, #Imo State:

GMD @NNPCgroup Mallam @MKKyari delivers the Goodwill Address at the South East Gas Utilisation Forum 2020.

The GMD is represented by #NNPC's Chief Operating Officer, Gas & Power, Engr Yusuf Usman.

#SouthEastGasForum #YearofGas

"#NNPC as an enabler orgn has since realised the obvious economic importance of gas & has consistently taken concerted steps to delivering the right infrastructure & commercial structures that deliver value to customers & all stakeholders." --GMD @MKKyari @ the #SouthEastGasForum
"A good example is the imminent completion of the landmark OB3 gas pipeline project which will help commercialize over 2BCF/D of gas and generate Billions in revenue and thousands of employment opportunities." ---GMD @MKKyari
at the #SouthEastGasForum
Read 6 tweets


In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

2. Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.
3. These reductions will therefore translate to N125/litre retail pump price.
Read 5 tweets
If you think Govt will compensate the families of those who died in the Abule Ado, Festac explosion, or those whose properties got destroyed, you may be in for a shocker. #NNPC

You will notice that both the Lagos State Govt and FG have released interim statements and a common denominator in the statements is the fact that the cause of the explosion must be ascertained. Do you know why?
This is basically for two reasons

1. To find ways of stopping a reoccurrence by taking necessary precautions and risk-mitigating procedures

2. To determine culpability i.e WHO is responsible? Vandals? Oil bunkering activities? Commercial activities in the area? etc
Read 11 tweets

Disregard Trending Rumour of Impending Hike in Pump Price of Petrol, Says @NNPCgroup

… Clarifies Statement of its GMD
The #NNPC has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol..
..., saying the statement of the corporation’s GMD, Mallam @MKKyari, at the @nassnigeria yesterday did not suggest any plan to increase the price of the white product.
Read 13 tweets

Nigeria has had her fair share of notable armed robbers like Dr Ishola Oyenusi and Abiodun Egunjobi who terrorised the entire South-west. Lawrence Anini who dealt with the entire South-South.
And here is the Story of Derico Nwamama who held the Entire South-East to a stand-still (Especially Anambra State).

His real name is Okwudili Ndiwe A.K.A Derico Nwamama!
Derico started out as a Street Urchin in Onitsha, then graduated to a pickpocket, and then to a dreaded
Criminal whose mere mention of his name sent shivers down the spines of every single human being in the entire South East part of Nigeria.

Indeed, long before Derico became famous for his Exploits in the City of Onitsha, The entire Anambra State was
Read 25 tweets
#Atiku Want Sell #NNPC If Elected in 2019. Matters Arising. - Chidi Cali

1] APC Supporters Are Attacking Atiku over his planned intention to 'sell' NNPC, but let me educate their ignorance again.
2] Atiku want to Privatize NNPC, a policy that is justified because of the mismanagement and level of looting experienced in the Oil Industry in the last 30 months.

3] Some of the attack includes Atiku supervising the Sale of NITEL (which is not factually accurate).
4] NITEL, Nigeria as at 2009, has 4,647 employees.

5] The Privatization of the Communication sector (Telecommunication specifically) introduced over 1.12Million Jobs, over 6 Million indirect jobs and Billions of Dollar from tax revenue into the Treasury.
Read 9 tweets

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