• About
  • Advertise
  • Contact
Wednesday, December 24, 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 Labour

NNPC moves to induce voluntary retirement of 500 managers

Vital News by Vital News
July 27, 2022
in Labour
0
Share on FacebookShare on Twitter

Abuja – The Nigerian National Petroleum Company Limited (NNPCL) has reportedly offered a “tempting” package for workers willing to accept voluntary retirement.

A week ago, President Muhammadu Buhari unveiled the NNPC Limited, positioning it to operate as a profit-oriented company.

On the sidelines of the event, Mele Kyari, group chief executive officer (GCEO) of the company, had assured that none of the 7,000 workers would be sacked, emphasising that the Petroleum Industry Act (PIA) did not prescribe such a measure.

“We do not have a bloated workforce. Today, the company’s workers population is just 7,000. I believe with the expansion, we have a line of sight, we are going to hire more people to work for us,” Kyari had said.

“The law has also provided that no one is going to leave this company. Everybody’s work is preserved. Their benefits are preserved. So, no matter for concern for the workers of this company.”

RelatedStories

PSC Promotes One To DIG, 7 To AIG, 13 To CP, 30 To DCP, Others To New Ranks

Why We Sacked 800 Workers – AEDC

NEPZA Says Strikes Not Allowed In Free Trade Zones

False, Malicious, And Misleading, Reports That We Import Bad Fuel – Dangote Refinery

The NNPC Limited’s offer may affect as many as 500 employees, adding that many workers have received the email and accepted the offer.

The exit offer is targeted at employees who have been officially confirmed or are unable to carry out their functions effectively and those who set to retire between 2022 and 2024.

In the “juicy package”, those who are affected will receive 50 per cent payment of their salaries until the time they are naturally expected to exit the company.

However, some of the management staff of NNPC Limited affected, especially some of the general managers and group general managers are kicking against it.

Confirming the development, a top source at the NNPCL said the offer was termed ‘willful’, and it was in accordance with global best practices for companies.

He added that the “Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) would have raised the flag” if the company was contravening the provisions of the PIA. (This Day/vitalnewsngr.com)

Tags: NNPCpackageRetirementvoluntary
Previous Post

EFCC arrests two herbalists for defrauding Aspirant of N24 million in Ekiti

Next Post

SMEDAN to support 3,330 entrepreneurs with skills, equipment – Official

Vital News

Vital News

RelatedStories

Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi
Labour

PSC Promotes One To DIG, 7 To AIG, 13 To CP, 30 To DCP, Others To New Ranks

December 19, 2025
Why We Sacked 800 Workers – AEDC
Labour

Why We Sacked 800 Workers – AEDC

November 8, 2025
NEPZA Says Strikes Not Allowed In Free Trade Zones
Labour

NEPZA Says Strikes Not Allowed In Free Trade Zones

October 10, 2025
Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Labour

False, Malicious, And Misleading, Reports That We Import Bad Fuel – Dangote Refinery

October 10, 2025
PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA
Labour

Dangote Refinery : FG Berates PENGASSAN For Holding Nigeria To Ransom

October 7, 2025
Next Post

SMEDAN to support 3,330 entrepreneurs with skills, equipment – Official

CBN drags 157 companies to court for diverting money for procurement of pre-paid meters

Elect credible leaders to move Nigeria out of crises, Tanko tasks voters

Leave a Reply Cancel reply

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

Follow Us

Recommended

Ododo Represents Kogi’s Interests, Says Onogwu Mohammed, Governor Bello’s CPS

Ododo Represents Kogi’s Interests, Says Onogwu Mohammed, Governor Bello’s CPS

2 years ago
Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu

Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu

8 months ago

Atiku congratulates Tinubu on victory

4 years ago
Owa Obokun Of Ijesaland, Oba Adekunle Aromolaran, Joins Ancestors

Owa Obokun Of Ijesaland, Oba Adekunle Aromolaran, Joins Ancestors

1 year 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
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

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

Highlights

Tinubu Building A More Modern, Combat-ready Military – IMPI

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

NDLEA Arrests Lagos Female Drug Kingpin, Recovers N5bln Worth Of Cocaine In Her Children’s Room

Troops Arrest Fidelis Gayama, Benue’s Notorious Bandit Leader

Dangote Refinery Begins Nationwide Sale Of Petrol At N739 per litre

Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

Trending

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman
Politics

PDP Crisis Deepens As INEC Rejects Turaki-led NWC Due To Lingering Court Cases

by Vital News
December 23, 2025
0

The Independent National Electoral Commission (INEC) says it will neither recognise nor post online the list of...

FGN/IFAD – VCDP Begins Inputs Distribution To 260 Dry Season Rice Farmers In Taraba

FGN/IFAD – VCDP Begins Inputs Distribution To 260 Dry Season Rice Farmers In Taraba

December 23, 2025
Dangote Refinery Slashes Ex-depot Price Of Petrol From N880 To N840 per litre

Dangote Refinery Releases Hotline For Reporting MRS Fuel Stations Selling PMS Above ₦739

December 23, 2025
65th Independence Anniversary : President Tinubu To Address Nigerians

Tinubu Building A More Modern, Combat-ready Military – IMPI

December 23, 2025
AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

December 22, 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

  • PDP Crisis Deepens As INEC Rejects Turaki-led NWC Due To Lingering Court Cases December 23, 2025
  • FGN/IFAD – VCDP Begins Inputs Distribution To 260 Dry Season Rice Farmers In Taraba December 23, 2025
  • Dangote Refinery Releases Hotline For Reporting MRS Fuel Stations Selling PMS Above ₦739 December 23, 2025

Categories

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