• About
  • Advertise
  • Contact
Saturday, May 31, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Oil & Gas

NNPC Assets Now Worth N25trn – Kyari

Vital News by Vital News
August 24, 2022
in Oil & Gas
0
Share on FacebookShare on Twitter

By Stanley Osariemen

Abuja – Mele Kyari, the Group Chief Executive officer of the Nigerian National Petroleum Company (NNPC) Limited, has said the assets of the newly reformed company are worth $60 billion (about N25.27 trillion).

Kyari stated this at the Nigeria-India Business Forum held in Abuja, according to a statement from NNPC Ltd.

Kyari, who was represented by the Chief Finance Officer of the company, Umar Ajiya, said Nigeria boasts of vast investment opportunities that any investor in the world can look for across the entire energy value chain.

He said, “With an asset base in excess of 60 billion dollars and with the largest gas reserves in Africa and 10th in the world, Nigeria remains a destination of choice for would-be investors.

RelatedStories

President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector

NDPHC Says Attempts To Achieve Energy Inclusion Facing Frustration, Laments Dwindling Offtake By DISCOs

NNPCL Announces Shut Down Of Port Harcourt Refinery For Maintenance, Assessment

President Tinubu Inaugurates New Board Of NNPCL

“Our focus at @nnpclimited is on gas development. The objective is to energise Africa and other countries, including India. Most importantly, the Petroleum Industry Act (PIA) 2021, today has created an enabling environment for us to thrive as a business,” Kyari noted.

The Indian High Commissioner to Nigeria, Shri Gangadharan Balasubramanian, said Nigeria is poised to play a critical role in international affairs due to current unfolding global realities and its immense natural resources as well as its policies.

NNPC Ltd was commercialised last year in line with the PIA.

The company was incorporated by the Corporate Affairs Commission (CAC) with the major holders being the Ministry of Petroleum Resources and Ministry of Finance Incorporated.

It was officially inaugurated and branded as a limited liability company by President Muhammadu Buhari on 19th July 2022.

Tags: AssetsgasOilPIA
Previous Post

World Bank, US To Invest $3bn In Nigeria’s Energy Transition Plan

Next Post

NIMC, NIPOST, NITDA Tasked On Implementation Of Digital Economy Policies

Vital News

Vital News

RelatedStories

President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector
Oil & Gas

President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector

May 31, 2025
NDPHC Says Attempts To Achieve Energy Inclusion Facing Frustration, Laments Dwindling Offtake By DISCOs
Oil & Gas

NDPHC Says Attempts To Achieve Energy Inclusion Facing Frustration, Laments Dwindling Offtake By DISCOs

May 25, 2025
NNPCL Unveils New Senior Management Team
Oil & Gas

NNPCL Announces Shut Down Of Port Harcourt Refinery For Maintenance, Assessment

May 24, 2025
President Tinubu Inaugurates New Board Of NNPCL
Oil & Gas

President Tinubu Inaugurates New Board Of NNPCL

May 22, 2025
Again, Dangote Industries Limited, Emerges Most Valuable Brand in Nigeria
Oil & Gas

Dangote Refinery Reduces Petrol Price Again By N15, Now N875/litre

May 22, 2025
Next Post

NIMC, NIPOST, NITDA Tasked On Implementation Of Digital Economy Policies

Poverty Encouraging Vote Buying – UN Women Country Rep

I-GP Deploys New Police Commissioners To Kano, Zamfara, Enugu

Leave a Reply Cancel reply

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

Follow Us

Recommended

Flooding : Lagos Begins Removal Of Structures On Drainage Setback

Sanwo – olu Approves N85,000 As New Minimum Wage For Lagos Workers

8 months ago
Police Ban Sanusi, Ado Bayero From Conducting Durbar Activities During Eid -el-kabir

Police Present N48mln Cheques To Families Of Late 22 Officers

8 months ago

NUJ mourns its ex-President, Bonnie Iwuoha

3 years ago
Troops Kill 152 Terrorists, Arrest109 In One Week

DHQ Confirms Infiltration Of Sokoto, Kebbi By New Terror Group

7 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Nigeria To Host 2025 West Africa Economic Summit

Delta, Ogun, Bayelsa Top Medals Table As Curtain Falls On 22nd National Sports Festival

Troops Eliminate Notorious Terror Leader, Abu Fatima In Borno

Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA

INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections

Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

Trending

24 Kwara Students Become Hygiene Champions In Dettol, WBFA Campaign
Education

24 Kwara Students Become Hygiene Champions In Dettol, WBFA Campaign

by Vital News
May 31, 2025
0

In a move aimed at promoting lasting hygiene culture in schools and communities, 24 students in Edu...

Ademola Lookman Visits, Presents CAF Award To President Tinubu

Ademola Lookman Visits, Presents CAF Award To President Tinubu

May 31, 2025
President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector

President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector

May 31, 2025
Tinubu, Dangote Refinery And Mele Kyari’s Sack

Nigeria To Host 2025 West Africa Economic Summit

May 31, 2025
National Sports Festival Suffers Postponement Again, Now To Open May 16

Delta, Ogun, Bayelsa Top Medals Table As Curtain Falls On 22nd National Sports Festival

May 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • 24 Kwara Students Become Hygiene Champions In Dettol, WBFA Campaign May 31, 2025
  • Ademola Lookman Visits, Presents CAF Award To President Tinubu May 31, 2025
  • President Bola Tinubu Issues Executive Order On Cost Efficiency In Oil And Gas Sector May 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

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