• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NNPC Ltd to disclose new asset base – Kyari

NNPC

The Matters Press by The Matters Press
July 20, 2022
Reading Time: 2 mins read
0
NNPC Ltd to disclose new asset base – Kyari

The Nigerian National Petroleum Company Limited (NNPC Ltd) says its huge asset base will be disclosed soon in view of its current status.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd made this known on Tuesday at a media chat after the Presidential unveiling of the New NNPC Limited at the Presidential Villa, Abuja.

President Muhammadu Buhari unveiled the new NNPC Ltd. which would operate as a profitable commercial entity and declare dividends to its 200 million shareholders.

The Petroleum Industry Act (PIA) provides for the transition of NNPC into a fully commercial entity, a Limited Liability Company incorporated under the Companies and Allied Matters Act (CAMA), to be known as the Nigerian National Petroleum Company Ltd.

The Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.

The Group CEO said the organisation’s structure would be changed so as to get different results while more competencies would be embraced.

“We now have a smarter, more responsive and more accountable company that must act within the premises of all the regulations that are accountable for private companies.

“We must also meet the standards for best practices in the industry, in terms of governance and make sure that all regulations are applied.

“We must ensure that we deliver back to back to all our stakeholders, ” he said.

Kyari said that its value would translate in two forms: ensuring dividends and delivering energy being longed by shareholders.

He said the new company was in the position to achieve both mandates because it was now an enabling company that could act quickly and can also make decisions quickly.

He said that by the middle of 2023, the company would be having systems, processes, line of profitability and accountability to stakeholders.

On subsidy, he said the NNPC Limited had no issue with it rather it would be an issue of the state.

“Whatever is the decision and policy of the state, the NNPC is there to deliver commercial value to the customer at the price that the state want,” he said.

Tags: NNPC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
South East rail in progress, Amaechi assures Igbo

Ghana to sign $3.2bn railway project deal with Thelo DB consortium

SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN moves to change MSMEs development narrative

Recommended Stories

East Africans ponder celebrating Christmas on shoestring budgets

December 23, 2022
NERC declares meters free under mass scheme

Power expert urges more investment to boost national grid

February 12, 2024
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

World Bank worries over uneven global digital landscape

March 6, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us