• About
  • Advertise
  • Contact
Thursday, May 14, 2026
  • 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

More Jobs Are Coming, Dangote Declares At Nasarawa Trade Fair

Workers’ Day : Governor Ododo Promises To Reward Workers’ Sacrifices, Labour Demands Reinstatement Of 441 Colleagues

Dangote Refinery Recalls Redeployed Engineers, Reiterates Zero-tolerance For Actions capable Of Undermining Operations

Upgrading Our Refinery From 650,000 bpd To 1.4m bpd Will Lead To Employment Of 95,000 Skilled Workers – Aliko Dangote

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

More Jobs Are Coming, Dangote Declares At Nasarawa Trade Fair
Business

More Jobs Are Coming, Dangote Declares At Nasarawa Trade Fair

May 4, 2026
Workers’ Day : Governor Ododo Promises To Reward Workers’ Sacrifices, Labour Demands Reinstatement Of 441 Colleagues
Labour

Workers’ Day : Governor Ododo Promises To Reward Workers’ Sacrifices, Labour Demands Reinstatement Of 441 Colleagues

May 1, 2026
Dangote Denies Ownership Of Truck Involved In Enugu Accident
Labour

Dangote Refinery Recalls Redeployed Engineers, Reiterates Zero-tolerance For Actions capable Of Undermining Operations

April 30, 2026
Upgrading Our Refinery From 650,000 bpd To 1.4m bpd Will Lead To Employment Of 95,000 Skilled Workers – Aliko Dangote
Labour

Upgrading Our Refinery From 650,000 bpd To 1.4m bpd Will Lead To Employment Of 95,000 Skilled Workers – Aliko Dangote

April 27, 2026
President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis
Labour

Tinubu Unveils N25 trillion Pension Fund To Strengthen Workers’ Retirement Security

April 24, 2026
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

CBN disburses N948 billion to 4, 478, 381 smallholder farmers

4 years ago
4,654 Nigerians Killed In Violence, 3,141 Kidnapped In 1,274 Incidents In 2025 – Security Report

4,654 Nigerians Killed In Violence, 3,141 Kidnapped In 1,274 Incidents In 2025 – Security Report

3 months ago
Foreign Observers Hail INEC Over Successful Conduct Of Elections

Foreign Observers Hail INEC Over Successful Conduct Of Elections

3 years ago
Tinubu Advised To Expedite Enactment Of Digital Economy, e-Governance Bill 2024, Receives Report From NIPSS

TMSG Welcomes Chatham House Stance On Nigeria’s Economy

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
  • ICT
  • 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 Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun PDP Police Power refinery rescue road Security students Tinubu troops US Women
No Result
View All Result

Highlights

Former Minister Of Power, Mamman Saleh, Sentenced To 75-year Imprisonment Over N33.8billion Fraud

Dapo Abiodun And The Ogun East 2027 Equation : Why The Debate Is Tilting In One Direction By Lekan Adeniran

Dangote Group Partnering Niger State To Strengthening Strategic Economic Partnership

University Librarians Push Open Access Reforms, Demand Certified Professionals In Leadership Roles

A Decade At JAMB : Oloyede Prepares To Leave Behind A Transformed Institution By Abdulkarim Abdulmalik

NIMC Unveils WhatsApp, Live Chat Platforms To Improve Customer Service, Ease NIN Enquiries

Trending

Imposition Of Consensus Candidate Will Tear APC Apart In Taraba,  Kente Warns
Politics

Imposition Of Consensus Candidate Will Tear APC Apart In Taraba, Kente Warns

by Vital News
May 13, 2026
0

By Saidu Adamu Jalingo A frontline gubernatorial aspirant on the platform of the All Progressives Congress (APC)...

Abiodun Formally Presents Governorship Consensus Candidate,  Senator Adeola To Ogun West APC Stakeholders

Abiodun Formally Presents Governorship Consensus Candidate, Senator Adeola To Ogun West APC Stakeholders

May 13, 2026
EFCC Arrests Mustapha Abdullahi, D-G, Energy Commission, Over Alleged N500bln Money Laundering Offence

EFCC Arrests Mustapha Abdullahi, D-G, Energy Commission, Over Alleged N500bln Money Laundering Offence

May 13, 2026
Former Minister Of Power, Mamman Saleh, Sentenced To 75-year Imprisonment Over N33.8billion Fraud

Former Minister Of Power, Mamman Saleh, Sentenced To 75-year Imprisonment Over N33.8billion Fraud

May 13, 2026
Ahead Of 2027 Polls, Ogun East APC Endorses Governor Dapo Abiodun For Senate

Dapo Abiodun And The Ogun East 2027 Equation : Why The Debate Is Tilting In One Direction By Lekan Adeniran

May 13, 2026
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

  • Imposition Of Consensus Candidate Will Tear APC Apart In Taraba, Kente Warns May 13, 2026
  • Abiodun Formally Presents Governorship Consensus Candidate, Senator Adeola To Ogun West APC Stakeholders May 13, 2026
  • EFCC Arrests Mustapha Abdullahi, D-G, Energy Commission, Over Alleged N500bln Money Laundering Offence May 13, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • ICT
  • 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