NIPCO NEWS

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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In a Landmark Deal, NIPCO Plc Acquires Abuja Sheraton Hotel

Exactly six years after it acquired Mobil Oil Nigeria Plc, now known as 11plc, an integrated energy solutions provider, NIPCO Plc, has acquired the Abuja Sheraton Hotel in a conscious move to drive its mission to diversify into the hospitality industry. In this latest landmark deal, 22 Hospitality Limited, a wholly-owned subsidiary of NIPCO Plc, acquired a majority stake in Capital Hotels Plc (CHP), owners of Abuja Sheraton Hotel . NIPCO Plc is a key downstream operator in Nigeria’s oil and gas industry with footprints across the country. A statement issued yesterday...

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NIPCO To Leverage PIA For Better Operations

Pays N3.25k dividend per share. The Managing Director/Chief Executive Officer, NIPCO, Mr Suresh Kumar, has said the company would leverage the opportunities being presented by the Petroleum Industry Act (PIA), to expand its operations. He added that the company was hopeful to use it to further drive its mission of meeting the needs of stakeholders in the deregulated downstream sector. According to him, NIPCO was poised to continually take its pride of place in the context of the emerging downstream sector under the PIA. Kumar promised that the company will continue...

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