• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

New oil discovery to facilitate massive job creation – NNPC 

Titobioluwa Okunade by Titobioluwa Okunade
December 5, 2019
in Business News
NNPC, petroleum, Kyari, smuggling, , NNPC explains why kerosene price is not stable, NNPC, Why NNPC may sack depot managers in downstream sector , NNPC boss blames failure of refineries on negligence, says there are no excuses , No fuel scarcity during festive period - NNPC , NNPC advances commitment to meet domestic gas demands, NNPC to pay BCE $22.6 million over failed contract , Pipeline vandalism: NNPC GMD invited for questioning , Curbing the menace of smuggling of petroleum products, Amendment of Deep Offshore Act: NNPC allays fears of IOCs , New oil discovery to facilitate massive job creation – NNPC, Shell, NNPC lament Nigeria’s electricity deficit, FG gives reasons for fuel subsidy removal, discloses alternative to kerosene, NNPC makes $434.85 million from oil export sales in January, may suspend crude oil production
Share on FacebookShare on TwitterShare on Linkedin

The National Petroleum Corporation of Nigeria (NNPC) has disclosed that the discovery of oil in the Upper Gongola Basin of Benue Trough would lead to massive creation of jobs.

According to Guardian, the Group Managing Director NNPC, Mele Kyari, at the ninth Practical Nigerian Content Summit in Yenegoa, yesterday stated that the country’s economy would benefit from the recent discovery of hydrocarbon deposits in the Kolmani River II of the country’s inland basin.

Meanwhile, Mele Kyari, represented by Chief Operating Officer, Corporate Services, NNPC, Farouk Sai’d, Kyari said that with the initiation of other processes, the economy stands a chance to benefit from the thousands of direct and indirect employment which would be created.

RelatedStories

Mele Kyari,

NNPCL, Mele Kyari counter Agip Contractors Association, others, over pipeline surveillance contract in Niger Delta 

June 18, 2025
Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC

Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC

April 2, 2025

Nigeria's crude, Crude Oil: Nigeria's volatile oil sector and economic progress, New oil discovery to facilitate massive job creation – NNPC 

“Between the discovery of hydrocarbon in the Gongola basin and bringing the oil to the market, a lot of processes would be triggered which would snowball into a labyrinth of productive activities with the potential for massive job creation across the value chain,” said Mele Kyari.

However, the NNPC noted that one of its upstream subsidiaries, Integrated Data Services Limited, (IDSL) had recorded an increase in its revenue base from N5.5 billion in 2016 to N19.033 billion in 2018.

[READ MORE: NNPC calls for collaboration among organisations to sustain nation’s GDP)

The Chief Operating Officer (COO), Upstream Directorate of the NNPC, Roland Ewubare, described the performance of the subsidiary as extraordinary, stating that the subsidiary had become self-sufficient and would not require any allocation from the corporate headquarters no more.

“If anything, IDSL now contributes to the centre; we will continue to give them the needed support to ensure that they sustain this growth trajectory, the only way we can grow is when businesses like this deliver positive results, to enable us collectively overcome our financial challenges,’’ said NNPC Management.

However, the Managing Director, IDSL, Diepriye Tariah, attributed the performance of the company to the reorientation of the staff who, he said, had become more commercially focused and efficient. The NNPC disclosed that it would continue to give all necessary support to all its subsidiaries with capacity and prospect to deliver.


Follow us for Breaking News and Market Intelligence.
Tags: Farouk Sai’dMele KyariNational Petroleum Corporation of NigeriaPractical Nigerian Content SummitRoland Ewubare
Titobioluwa Okunade

Titobioluwa Okunade

Related Posts

Mele Kyari,
Energy

NNPCL, Mele Kyari counter Agip Contractors Association, others, over pipeline surveillance contract in Niger Delta 

June 18, 2025
Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC
Energy

Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC

April 2, 2025
Tinubu sacks Mele Kyari as NNPC Group CEO, appoints Bayo Ojulari
Appointments

Tinubu sacks Mele Kyari as NNPC Group CEO, appoints Bayo Ojulari

April 2, 2025
Improved gas infrastructure will boost energy access in Nigeria, transform economy – Mele Kyari 
Energy

Improved gas infrastructure will boost energy access in Nigeria, transform economy – Mele Kyari 

February 26, 2025
Mele Kyari,
Energy

Port Harcourt Refinery: Blending is necessary to bring products to countries’ specifications – Mele Kyari 

December 5, 2024
President Tinubu reacts to Port Harcourt Refinery revival, orders reactivation of Warri, Kaduna Plants 
Energy

Civil Society Council commends NNPC for reviving Port Harcourt refinery 

November 28, 2024
Next Post
EFInA, Aisha Ahmad, Ladi Balogun, Abubakar Suleiman, expected at EFInA’s Financial Inclusion Conference (FIC) 2019

Aisha Ahmad, Ladi Balogun, Abubakar Suleiman, expected at EFInA’s Financial Inclusion Conference (FIC) 2019

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 
  • President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 
  • FG to establish National Design and Development Agency to support Nigerian innovators 

Follow us on social media:

Recent News

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 

July 14, 2025
President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics