• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Energy
Don’t Miss: By July 2023 oil production will hit 1.8 million barrels per day - Mele Kyari

Launch of new NNPC Ltd, a new beginning for energy industry in Nigeria – Kyari

William UkpebyWilliam Ukpe
1 year ago
in Energy
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Government has formally unveiled the launch of NNPC Ltd. today after the signing of the Petroleum Industry Act, with a new motto: Energy for Today, Energy for Tomorrow.

In an event hosted by Eugenia Abu and Richmond Orji, the NNPC said it is ready to take on the world as the largest corporate contributor to the Nigerian economy.

Group CEO, Mele Kyari said it is a new beginning for the energy industry in Nigeria and for the world. He stated that he has no doubt the new National company, is supercharged to meet the high expectations of Nigerians.

What they are saying

NNPC Ltd boss, Kyari stated that “The journey would not have been possible without the leadership of the president.

He said the event marks Nigeria’s “New beginning and is set to deliver greater value to 200 million shareholders,” citing that the leadership of President Buhari made it possible, starting from his time in government when the NNPC was created as a corporation in 1977, to its passage in 2021, which created a commercially driven energy company to the world.

  • “A new day, new hope to upscale relevance as Africa’s largest economy positioned to lead Africa’s transition to new energy by deepening natural gas production.
  • “We are taking a strategic initiative by rolling out a plan to grow retail presence from 547 to over 1000 outlets in six months, hinged on a new commitment to partnership that delivers sustainable value, a new culture to design a quest to be a global company of choice.

Timipre Sylva, the Minister of State for Petroleum said it is a landmark achievement and victory for Nigeria alongside the signing of the Petroleum Industry Act.

  • “Nigeria lost $50 billion worth of investments waiting for PIA to sign, as Nigeria got only 4% of Oil and gas investments between 2015-2019. We are setting all these woes behind us and a clear path ahead of us.
  • “PIA assures Oil and gas companies of protection of investments” he added.

He said it also avails Nigeria of golden opportunities to strengthen institutions and attract much-needed investments.

  • “Coming at a time moving towards gas as cleaner fuel, we cannot be happier and more excited. This development has demonstrated placing Nigerian oil and gas on the path of growth, profitability and prosperity,” Sylva said.
  • He added that the Transition of NNPC into a fully Limited entity will operate as a profitable commercial entity and declare dividends to shareholders, and show capacity and accountability.
  • “Today, I have no doubt that the leadership of this brand new company is supercharged to meet the high expectations,” he added.

What you should know

Recall Nairametrics reported last year that the Corporate Affairs Commission (CAC) revealed that the Nigerian National Petroleum Company (NNPC) Limited will have one of the largest registered share capital in Nigeria with a valuation of N200 billion.


Download Nairametrics App for breaking news and market intelligence.
   
Tags: Mele KyariNNPC LTD
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Leave a Reply Cancel reply

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







NM newsletters
Kwakol
Abbey
IMT

Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Eriscofoods could face legal action for customer arrest- FCCPC
  • Study indicates Cloud computing adoption can yield N30.2 trillion for Nigeria
  • UNICEF alerts Nigeria on unprecedented diphtheria outbreak, calls for massive vaccination

Follow us on social media:

Recent News

FCCPC, Chioma Egodi, Eriscofoods

Eriscofoods could face legal action for customer arrest- FCCPC

September 27, 2023
Study indicates Cloud computing adoption can yield N30.2 trillion for Nigeria

Study indicates Cloud computing adoption can yield N30.2 trillion for Nigeria

September 27, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 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