NIPCO NEWS Archives - Page 2 of 10

October 13, 2022

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...

by adminnipco

0 Comments

June 28, 2022

NIPCO NEWS

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...

by adminnipco

0 Comments

December 7, 2021

CSR NIPCO NEWS

TRIBUTE TO A GREAT COLLEAGUE

Undoubtedly the death of Senator Olugbenga Aluko, an eminent personage was a big loss felt not only by the NIPCO Group, but indeed by the hydrocarbon industry and the nation. The Board, Management and Staff of NIPCO Plc mourn the loss of this intelligent, diligent and iconic son of Ode - Ekiti in Ekiti State. The amiable Senator who rose to the enviable position of Deputy Chief Whip of the Upper Chamber of the National Assembly in the Fourth Republic played crucial roles in several enactments to raise the bar in...

by adminnipco

0 Comments

June 9, 2021

CSR NIPCO NEWS

NIPCO PLC ASSURES SHAREHOLDERS OF ROBUST RETURNS

L -R
Managing Director ,NIPCO Plc ,Mr Suresh Kumar ;IPMAN President ,Elder Chinedu Okoronkwo ; former Director ,Alhaji Yakubu Suleiman ; Chairman,Chief Bestman Anekwe ; and Group Execurive Director ,Alhaji Abdulkadir Aminu at the company,s Annual General Meeting in Abuja

Nigerian Independent Petroleum Company, NIPCO Plc, has assured its shareholders of better returns and improved growth in year 2021 and beyond . The Managing Director of the company, Suresh Kumar, who gave the assurance at its Annual General Meeting in Abuja, also expressed optimism that it would actualize the vision of the promoters...

by adminnipco

0 Comments

June 9, 2021

CSR NIPCO NEWS

NIPCO EYES GAS, PETROLEUM PRODUCTS TO DRIVE GROWTH

Nigerian Independent Petroleum Company (NIPCO) Plc will sustain its growth by exploiting opportunities in gas and petroleum products marketing. Addressing shareholders at the company’s Annual General Meeting (AGM) in Abuja, Managing Director, NIPCO Plc, Suresh Kumar assured its shareholders of better returns and improved growth in year 2021 and beyond. He expressed optimism that it would actualise the vision of the promoters of the company this year despite the teething challenges in the nation’s oil and gas industry. According to him, the creation of the...

by adminnipco

0 Comments

June 9, 2021

CSR NIPCO NEWS

CREATING VALUE FOR SHAREHOLDERS

Despite the difficult operating environment, NIPCO Plc has maintained a steady growth in profit and consistently rewarded shareholders with dividends in the last five years, writes Goddy Egene It is an obvious fact that the operating environment has been very challenging in recent years, leading to many companies to record lower profitability or losses. Companies operating in the oil and gas industries are not left out of the negative impact of the inclement environment. Some leading oil and gas companies have witnessed significant decline in bottom-lines, while others...

by adminnipco

0 Comments

May 31, 2021

CSR NIPCO NEWS

CREATING VALUE FOR SHAREHOLDERS

Despite the difficult operating environment, NIPCO Plc has maintained a steady growth in profit and consistently rewarded shareholders with dividends in the last five years, writes Goddy Egene. It is an obvious fact that the operating environment has been very challenging in recent years, leading to many companies to record lower profitability or losses. Companies operating in the oil and gas industries are not left out of the negative impact of the inclement environment. Some leading oil and gas companies have witnessed significant decline in bottom-lines, while others...

by adminnipco

0 Comments

April 28, 2021

CSR NIPCO NEWS

NIPCO MD, SURESH KUMAR FELICITATES WITH STAFF ON WORLD SAFETY DAY

The Managing Director NIPCO Plc, Mr Suresh Kumar on behalf of the management hereby felicitate with the entire workforce on the celebration of World Day for Safety and Health today 28 April,2021. Reiterating the company’s resolve to always put safety of human and material resources on the front burner ,the MD enjoin all employees to adhere to the established norms of the organization in relation to safety consciousness at all times This year theme is “Anticipate, prepare and respond to crises...

by adminnipco

0 Comments

April 26, 2021

CSR NIPCO NEWS

SYLVA COMMENDS NIPCO’S INVESTMENT IN GAS INFRASTRUCTURE

Third from.left ,Managing Director ,NIPCO Plc,Suresh Kumar presenting a plaque to Mrs Esther Odilo during the company,s Long Service Award with DGM HR / ADMIN , John Okpeku and Manager ,LPG ,Kamal Badmus watching keenly

SYLVA COMMENDS NIPCO’S INVESTMENT IN GAS INFRASTRUCTURE

Minister of State, Petroleum Resources, Chief Timipre Sylva has commended NIPCO Plc’s commitment to the development of requisite infrastructure to enhance effective utilization of the nation's gas resources. Chief Sylva disclosed this when he visited NIPCO exhibition stand at the two -day National Gas Expansion Programme (NGEP) Consultative Forum...

by adminnipco

0 Comments

April 14, 2021

CSR NIPCO NEWS

NIPCO LONG SERVICE AWARD CEREMONY

MAINTAINING GROWTH TRAJECTORY OF NIPCO PLC
AN ADDRESS BY THE MANAGING DIRECTOR, NIPCO PLC, SURESH KUMAR AT THE COMPANY’S LONG SERVICE AWARD CEREMONY ON THURSDAY, 8TH APRIL, 2021

The leading fuel-marketing firm, Nigerian Independent Petroleum Company (NIPCO), has disclosed its commitments to broaden the scope of petroleum marketing with a view to ensuring seamless supply of...

by adminnipco

0 Comments