NIPCO NEWS

Employees’ Commitment Instrumental to NIPCO’s Growth Trajectory – Suresh

The Managing Director of NIPCO Plc, Suresh Kumar, has reiterated the company’s commitment to recognising and rewarding its employees, affirming that they remain their most valuable asset. Speaking at the Company’s 2024 & 2025 Long Service Awards ceremony in Lagos, Suresh commended the dedication and service of the award recipients, some of whom have been with the organisation since its inception. He emphasised that the ceremony reflects NIPCO’s core values and mission by highlighting the significant contributions of its workforce to the company’s advancement across all business segments. Suresh...

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NIPCO shareholders Eulogise Board, Management & Staff for Upward Dividend Payment

Shareholders of NIPCO PLC were upbeat on the performances of the company praising the Board, Management, and staff of the company after approving a dividend payout of N1.31 billion, which translates to N7 per share at the 2024 Annual General Meeting, held at Abuja Continental Hotel, FCT, Abuja. The dividend yield the highest since the over twenty one years of operation of the company was very pleasing to the shareholders who spoke in unison at the event in appreciation of NIPCO's feat. Chairman ,Confluence Shareholders Association of Nigeria...

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NIPCO Plc Long Term Service Award Ceremony

NIPCO PLC, a leading energy company, recently celebrated the dedication and commitment of its long-serving employees at the much-anticipated NIPCO Long Service Awards Ceremony 2024. The event, which was graced by the esteemed presence of NIPCO PLC's top-tier management and enthusiastic staff, served as a poignant tribute to the individuals who have contributed significantly to the company's success through their unwavering loyalty and years of service. In a grand display of appreciation, the NIPCO Long Service Awards Ceremony 2024 was a momentous occasion where the company recognized and rewarded...

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NIPCO Invests N100 Billion To Boost Auto Gas Nigeria

The Nigerian Independent Petroleum Company (NIPCO) has invested over N100 billion in the gas sector to deepen utilisation of Compressed Natural Gas (CNG) otherwise known as auto-gas in Nigeria in the last 14 years. The Managing Director, NIPCO Plc, Suresh Kumar, who disclosed this during a media session in Lagos, said the company has so much faith in Nigeria, hence the continued investment to keep the gas sector alive to the benefit of its citizenry. According to him, NIPCO is the pioneer of CNG in Nigeria with approval from the Federal...

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NIPCO Laud’s Government’s Gas Utilization Programme

The Nigerian Independent Petroleum Company (NIPCO) has applauded government’s at all levels for their programmes targeted at deepening domestic gas utilisation in consonance with global energy transition. The Managing Director, NIPCO Plc, Suresh Kumar, who made the commendation at the 19th Annual General Meeting (AGM), said the company is committed to support the ideas with its ultra-modern facilities. Kumar however, noted that more concerted efforts are still needed in the areas of infrastructure to guarantee access to the products. “Operators have based their hopes on speedy completion of the Abuja – Kaduna...

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Opportunity to Partner with Nipco

The Nigerian Independent Petroleum Company (Nipco) Plc has promised to deepen its investment in the country’s hydrocarbon industry in the face of the recent full deregulation of the downstream sector. This was disclosed by the manager of the oil and gas company, Mr Suresh Kumar, at the 19th Annual General Meeting (AGM) recently held in Abuja. He noted that the investment was necessary as a further attestation of the resilience of the Nigerian economy. A statement by the General Manager of the Media Communications Department, Mr Taofeek Lawal, said the company was...

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10% Cooking Gas Consumption in Rural Areas Worries NIPCO

Efforts to deepen Liquefied Petroleum Gas (LPG) usage appears to be suffering a setback in Nigeria’s rural communities with only 10 per cent of resident n rural areas have access to the product. Managing Director of NIPCO Plc, Mr. Suresh Kumar, gave the hint at the 13th Nigerian Liquefied Petroleum Gas Association (NLPGA) conference held in Abuja recently. According to Kumar, the 10 per cent rural consumption figure is a far contrast to the 90 per cent cooking gas usage in urban areas. The NIPCO boss lamented that Nigeria has an untapped...

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Nipco Completes Construction of Over 100km Gas Pipeline

NIPCO Gas Limited (NGL) has completed the construction of over 100 kilometers of gas pipeline, connecting Ogun State to Oyo State via the Lagos-Ibadan expressway, calling for the speedy completion of the Abuja-Kaduna-Kano (AKK) gas pipeline to deepen gas utilization in Nigeria. Suresh Kumar, Managing Director of NIPCO PLC, disclosed this in his address to shareholders at the company’s 19th Annual General Meeting (AGM), held at the Abuja Continental Hotel. According to him, the Nigerian government has done well and should be commended for its efforts in deepening gas utilization in...

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NIPCO Gas opens new auto CNG service station in Abuja

The Managing Director of NIPCO Gas Ltd, Nagendra Verma, said the new station was part of the company’s significant stride towards providing economical, sustainable and environmentally friendly fuel for transportation in the country. Verma said once again the station, which commenced operations over the weekend, underscored NIPCO Gas unwavering commitment to environmental stewardship and an affirmation to its determination to ensure widespread availability of Auto CNG for consumers across Nigeria. “As the nation grapples with the challenges of fuel expenses, and environmental sustainability and seeks cleaner energy alternatives, NIPCO Gas is at...

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Here’s An Opportunity to Partner with Nipco

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