I welcome the commencement of construction of the $12 million Abuja Centre for Entrepreneurship, being developed at the SMEDAN Industrial Development Centre in Idu, Abuja, with support from the Republic of Korea through KOICA @KorEmbNigeria and in partnership with SMEDAN @SMEDANGov and UNDP @UNDPNigeria.
The Centre will support the wider MSME ecosystem by providing workspaces, digital infrastructure, training, incubation and business support for entrepreneurs, start-ups and growing businesses.
It will begin with 500 aspiring entrepreneurs, 400 start-ups and 1,500 MSMEs.
NNPC Ltd. has released its Monthly Report Summary for February 2026.
This edition highlights sustained natural gas production growth, with crude oil and condensate reaching 1.51 mmbopd and natural gas output climbing to 7,458 mmscf/d, representing an increase of approximately 2.40% in gas production when compared with the January 2026 report.
We also highlight key milestones, including progressed construction and installation works on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, as well as continued drilling operations on the Obiafu-Obrikom-Oben (OB3) Gas Pipeline River Niger Crossing in close collaboration with all critical stakeholders, reinforcing our commitment to infrastructure development.
The report covers key figures, including revenue of ₦2,680 Billion (up by 4.24% from the January 2026 report), profit after tax of ₦136 Billion, statutory payments, strategic initiatives during the period, and more.
For the full summary, click the link below to download:
https://t.co/PQkBYMr0gJ
#OpenNNPC
#EnergyForToday
#EnergyForTomorrow
Now, we move decisively from vision to execution. Our roadmap is clear, and our teams are ready. We will deliver. We will transform our mandate at NNPC Limited into another tangible, undeniable reality.
Let's go!
Was honored with a royal sword by the Deji of Akure Kingdom. A profound gift, from his grace, humbled by the deep thoughts, fulfilling to be associated with Chief Pius Akinyelure and my Aburo Lekan. Grateful to his Majesty, Kabiyesi, the Deji of Akure Kingdom
PRESS RELEASE
NNPC Chief, Mele Kyari Bags Energy Times' GCEO of the Year Award
...Pledges to Transform Nigeria into a Gas-powered Nation
Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari has been honoured with the Energy Times' GCEO of the Year Award in recognition of his commitment to accountability, transparency, and performance excellence.
Chief Corporate Communications Officer of the Company, Mr. Olufemi Soneye received the award on behalf of the NNPC boss, in a ceremony held at the Eko Hotel & Suites in Lagos on Friday.
According to the Governing Council of Energy Times Award Committee, Kyari's hardwork has played a significant role in the company's success and has contributed significantly to the growth of the energy sector in Nigeria.
Speaking at the occasion, Kyari said the NNPC Ltd., which has been on transition since the passage of the Petroleum Industry Act (PIA), has been championing the push to transform Nigeria into a gas-powered nation in keeping with its enormous natural endowment with over 209 trillion cubic feet proven natural gas reserves.
"We are building gas infrastructure such as the OB-3 Gas Pipeline, AKK Gas Pipeline to deepen the use of gas in the domestic market, while we are also promoting the West Africa Gas Pipeline and the Nigeria-Morocco Gas Pipeline, as well as the Train 7 of the NLNG and a number of Floating LNG Projects to deliver gas to the global market," Kyari stated.
The GCEO further noted that the NNPC Ltd. is also aggressively expanding its portfolio in the power sector to make the company a truly rounded energy company.
"Apart from our stakes in a number of Independent Power Plants such as Afam VI, Okpai Phases 1 and 2 with a combined installed capacity of 1,420MW, there are plans to build three new power plants in the AKK Pipeline corridor in Abuja, Kaduna, and Kano. The ground-breaking ceremony of the 1,350MW wholly owned Gwagwalada Power Plant was performed by President Bola Ahmed Tinubu in August last year" he added.
Kyari, who dedicated the award to all NNPC Ltd. staff, thanked the Energy Times editorial board for finding him worthy of the recognition, adding that it would spur him to work harder towards achieving more for both the NNPC Ltd. and the Nigerian Oil & Gas Industry.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja.
20th April, 2024
#HappeningNow
The Ministers of State in the Petroleum Ministry, Sen. Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil) and Hon. Ekperikpe Ekpo, Minister of State, Petroleum Resources (Gas), are currently in Port Harcourt Refining Company (PHRC) Ltd. for the Refineries' Rehabilitation Steering Committee Meeting.
Accompanied by the Members of the Board of NNPC Ltd. and the Group CEO, Mele Kyari, the Ministers will afterwards headline the Mechanical Completion Ceremony of the old Port Harcourt Refinery.
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Following the Inauguration of the Board of the Nigerian National Petroleum Company Limited (NNPC Ltd.) by President Bola Ahmed Tinubu, GCFR, on Monday, December 18, 2023, the Board today held its Inaugural Meeting in Abuja, Nigeria, chaired by the Board Chairman, Chief Pius Akinyelure.
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WATCH:
Earlier today, President Bola Ahmed Tinubu, GCFR, inaugurated the Board and Management team of the Nigerian National Petroleum Company Limited (NNPC Ltd.).
In his Inauguration Speech, he name-checked the team members as individuals of great integrity and urged them to work as a team towards ensuring profitability, increasing production, and entrenching good corporate governance.
He also assured the team of his support while reiterating the call for impeccable performance.
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KYARI IN ATTENDANCE AS PRESIDENT TINUBU PLEDGES NIGERIA'S SUPPORT FOR REDUCING GREENHOUSE GASES
On Day 3 of the ongoing Conference of the Parties of the UNFCCC, #COP28 in the UAE, Nigeria's President, His Excellency Mr. Bola Ahmed Tinubu, assured the USA, China, and the UAE of Nigeria’s readiness to support concrete actions on reducing Methane and Other Non-CO2 Greenhouse Gases.
During a high-level panel session on Methane and Other Non-CO2 Greenhouse Gases, the Nigerian President said, "We are consolidating on gas export and usage domestically. I can assure you that we will be partners in progress to achieve renewable energy," he said.
Other speakers at the Summit include the Minister of Industry and Advanced Technology, the UAE Special Envoy for Climate Change, and the President of the 28th Conference of the Parties (COP28), His Excellency, Dr. Sultan Ahmed Al Jaber; the United States Special Envoy on Climate, John Kerry; and the China Special Envoy for Climate Change, Xie Zhenhua.
Also in attendance at the landmark event were the Group Chief Executive Officer of NNPC Ltd., Malam Mele Kyari; the Executive Vice President, Upstream, Oritsemeyiwa Eyesan; and the Special Adviser on Energy to the Nigerian President, Olu Verheijen.
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#NigeriaAtCOP28
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PRESS RELEASE
Kyari’s digital automation of operations, key to NNPC Ltd’s efficiency, high performance
...wins 2023 Nigeria GovTech Awards
The Nigerian National Petroleum Company (NNPC) Limited and the Group Chief Executive Officer (GCEO), Malam Mele Kyari, have won the 2023 Nigeria GovTech Awards for exceptional service delivery in the public sector.
While the National Oil Company won the Best Federal MDA in Digital Initiatives in Reengineering Government Processes Award, the GCEO carted home the Distinguished GovTech Trailblazer Award.
The awards were in recognition of the GCEO leadership’s proactive steps in activating the Business Continuity Plan (BCP) that is hinged on digital automation of the company’s processes.
The single, sure-footed act of automation, emplaced to, among others, mitigate the effects of COVID-19, has brought about efficiency, high performance, and sustenance of the NNPC Ltd’s operations post-pandemic, for which the GCEO is now referred to as “Mr. Automation” in the industry.
Significantly, the GCEO, through the NNPC IT Division, automated Key Performance Indicator Dashboard across the entire IT Enterprise and Architecture, thereby improving reporting efficiency real-time performance tracking.
Kyari also activated Microsoft Enterprise Additional Licenses for NNPC Digital Transformation initiatives, leading to an estimated cost-saving of over $1 million to the Company.
Indeed, both the NNPC Ltd. and the GCEO shone like a thousand stars at the venue of the awards at the International Conference Centre on October 13, 2023. The event had as its theme “Advancing Public Service Reforms Through Digital Transformation.”
The Nigeria GovTech Awards were given by the Bureau of Public Service Reforms (BPSR), an agency under the Presidency in aid of federal government’s initiative designed to bring governments at the federal, state, local levels, and actors in the technology industry together to discuss and identify new ways and emerging trends in which ICT could be used to transform public service and improve the general well-being of Nigerians.
In clinching the award, the NNPC Ltd. and its GCEO, Malam Kyari outclassed several other contestants in the public sector even as it was clear that the BPSR selection process was anchored on merit, thus strengthening the credibility of the selection process and the subsequent awards.
The DG of BPSR, Dasuki Arabi had commended Mele Kyari’s deployment of technology in driving business at the NNPC Ltd in addition to his exemplary leadership in advancing GovTech initiatives and digital governance within the nation’s oil conglomerate, in line with the Federal Government digital transformation in the public sector.
It would be recalled that prior to the presentation of the awards, Mr. Arabi had, in a letter dated 19th September 2023 to the NNPC Ltd’s GCEO, said that “Sequel to a nationwide nomination and online voting process initiated on Radio, Television and Newspaper publication, we are pleased to inform you that your organisation will be honoured with the prestigious Nigeria GovTech Award in the category of ‘Best Federal: MDA in digital initiatives in reengineering government processes’.”
Arabi had also said that the awards represented a veritable platform aimed at repositioning the Nigerian public service as an engine of reforms in the country.
Olufemi O. Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
26 November 2023
PRESS RELEASE
We Have Robust PMS Supply to Last Beyond Yuletide, Kyari Tells Senate
… As Akpabio Pledges Parliament Support to NNPC Ltd.
The GCEO of NNPC Ltd., Mele Kyari said the Company has already made a robust plan for the supply of petroleum products especially Premium Motor Spirit (PMS), also known as petrol, sufficient to last beyond the ember months and the new year festivities.
Kyari disclosed this when he led an NNPC Ltd. delegation on a courtesy visit to the Senate President, Senator Godswill Akpabio, at the National Assembly in Abuja, on Wednesday.
“By the creation of the National Assembly, NNPC Ltd. is saddled with the responsibility of guaranteeing Nigeria's energy security which is critical to national security. We have made a robust plan for the forthcoming end of the year festivities and beyond. We do not see any shortages in the petroleum products supply for the period,” the GCEO added.
While lauding the National Assembly for the critical role it played in the enactment of the Petroleum Industry Act (PIA) 2021, Kyari said that this legislative endeavour had given birth to a new commercially oriented National Oil Company (NOC) that is governed by the Company & Allied Matters Act (CAMA) principles.
Speaking further, Kyari stated that with the passage of the PIA 2021, NNPC Ltd's profitability margins have significantly risen, growing from a loss position of N803billion in 2018 to a profit position of N674billion in 2021.
Kyari noted that NNPC Ltd. is targeting a profit increase of N2trillion when the 2022 Audited Financial Statements (AFS) are released, adding that since July this year, the Company has started paying dividends to its shareholders.
He also said that the NNPC Ltd. is involved in the entire value-chain of the oil and gas business and controls about 30% of the nation's petroleum downstream retail market.
While identifying crude oil theft and pipeline vandalism as major challenges to the Company's business, Kyari said the recent collaboration with the nation's security services as well as third-party security contractors has been yielding results, mostly in the area of increased crude oil production.
The GCEO said NNPC Ltd. is investing in several gas and power projects across the country, aimed at supporting the Federal Government’s power generation and industrialisation aspirations.
He further assured that NNPC Ltd. is working assiduously to revamp local refining of petroleum products and collaborating with indigenous refiners to ensure that Nigeria becomes a net exporter of petroleum products.
In his response, the Senate President, Godswill Akpabio assured the GCEO of the 10th Senate's support, saying that the Nigerian Parliament appreciates the Kyari-led Management for its commitment to ensuring robust petroleum product supply during the yuletide period.
“Nigerians always want to hear good news. We are glad that you have made robust plans to provide sufficient product supply this coming festive period and beyond,” Akpabio stated.
The Senate President also lauded the rehabilitation of the nation's three refineries, saying that their restreaming will cause a multiplier effect on Nigeria's economy, in line with this administration's Renewed Hope Agenda," Akpabio observed.
Olufemi O. Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
22 November 2023
PRESS RELEASE
House of Representatives Thumbs up NNPC Ltd. Reforms, Profitability
…Pledges Support for Kyari-led Management
The House of Representatives has commended the on-going reforms at the Nigerian National Petroleum Company (NNPC) Ltd, saying that the legislature is very pleased with the company's growth from a loss-making one into a profit-making commercial entity.
The commendation came from the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, when NNPC Ltd.’s Group CEO, Mele Kyari led the company’s Senior Management on a courtesy call to the House of Representatives at the National Assembly Complex, on Thursday.
The Speaker, who described the NNPC Ltd. as a critical stakeholder in Nigeria’s economy, said that it is imperative for all arms of government to support the Company to enable it deliver on its mandate.
“When we discuss the Nigerian economy, we must talk about the NNPC Ltd. as a dominant force. We are delighted that the ongoing reforms at NNPC Ltd. have started yielding fruit. It is pleasing to hear that you have moved from a loss-making entity to a profit-making one. We urge you to sustain these reforms,” the Speaker stated.
The Speaker, who congratulated President Bola Tinubu for the bold decision to remove subsidy on petroleum products said the singular decision has relieved the country of a major problem that has bogged it over the years.
He called on the NNPC Ltd. management to devise more practicable ways of revamping the nation’s refineries to turn around their fortunes for the better.
Describing crude oil theft and pipeline vandalism as a huge problem which, if left unchecked, could bring the nation’s economy to a halt, the Speaker assured that the Parliament would support the NNPC Ltd. in its fight against the menace.
Earlier in his remarks, the GCEO of NNPC Ltd., Mr. Mele Kyari said that with the passage of the Petroleum Industry Act (PIA) 2021, NNPC Ltd's profitability margins have significantly risen, growing from a loss position of N803billion in 2018 to a profit position of N674billion in 2021.
Kyari noted that NNPC Ltd. is targeting a profit increase of N2trillion when the 2022 Audited Financial Statements (AFS) are released, adding that since July this year, the Company has started paying dividends to its shareholders.
While lauding the National Assembly for the critical role it played in the enactment of the Petroleum Industry Act (PIA) 2021, Kyari said that this legislative endeavour had given birth to a new commercially oriented National Oil Company (NOC) that is governed by the Company & Allied Matters Act (CAMA).
He informed the House that the Company has made robust plans for the supply of petroleum products, especially Premium Motor Spirit (PMS), also known as petrol, sufficient to last beyond the ‘ember months and the new year festivities.
“By the creation of the National Assembly, NNPC Ltd. is saddled with the responsibility of guaranteeing Nigeria's energy security, which is critical to national security. We have made a robust plan for the forthcoming end of the year festivities and beyond. We do not see any shortages in the petroleum products supply for the period,” the GCEO added.
Olufemi O. Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
23 November 2023
@channelstv The main problem is the dysfunctional or lack of governance at the LGA level. This is the only level of governance that can practically address this problem and others like domestic violence, etc...
Clean Hands, Safe Journeys!
At NNPC Retail Ltd., safety is non-negotiable, and today on #GlobalHandwashingDay, we're championing the cause for clean hands and safer experiences.
Together, let's make every journey a safe one!
#SafetyFirst#CleanHandsSavesLives#EnergyForToday
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