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NNPC Limited

NNPC Limited

Search complete. 59 mentions across 23 episodes found for "NNPC Limited".

Sep 18, 2026

Sheriff SanniGUEST
49:55
There are people that have been patronizing since when I was in university.
Sheriff SanniGUEST
49:59
Like I did my internship in NNPC.
Sheriff SanniGUEST
50:01
You know, I got, they knew me for like Friday, shawarma and mocktails.
Sheriff SanniGUEST
50:08
So I've had clients all the way since then that followed me to the food truck, that followed me to everywhere we've been going to, dates.
Samaila MohammedGUEST
12:38
That is for imported fuel.
Samaila MohammedGUEST
12:43
And for Nigerian fuel also, that means the share of the national, that goes to the national oil company like NNPC, be- because there is, there is an oil sharing arrangement between the NNPC representing Nigeria and the in- uh, nat- the international oil companies, IOCs, uh, that maybe will take 30% of whatever they produce, while they go with the 70%.
Samaila MohammedGUEST
13:13
Now in a situation where we say, okay, in addition to the 30% we collect, we, we collect from the international oil companies, we also want to buy additional oil from them.
Samaila MohammedGUEST
13:25
Aha, immediately you activate that issue of wanting to buy from them-
Samaila MohammedGUEST
14:19
Uh, when Dangote proposed to build his 650,000 barrels per day refinery, the assumption was that he was going to be getting the requisite m- uh, quantity of, um, crude oil-
Lukman Awol AgunuHOST
14:43
Mm
Samaila MohammedGUEST
14:44
... from the Nigerian state company, which is NNPC.
Samaila MohammedGUEST
14:48
But we are all witnesses to the situation where the presidency had to step in to say, "Look, you must give Dangote the required, um, crude oil he requires." But the issue is, the state national oil company, that is the NNPC, is also indebted to certain parties with respect to crude supply.
Mukhtar MohammedGUEST
21:04
So what we call monopoly is for now somebody have dared to t- through the path that nobody was ready to take.
Mukhtar MohammedGUEST
21:11
Even our government till today, our NNPC is not working.
Mukhtar MohammedGUEST
21:15
But I can assure you, if NNPC is going to be listed today, do you know a lot of Nigerian will buy NNPC even at 800? Even the 10 enemies they don't know, we'll be so excited to buy NNPC.
Frank FagboHOST
21:26
Mm.
Frank FagboHOST
21:26
Would you buy?
Mukhtar MohammedGUEST
21:27
Will I buy NNPC at 800? No, no, no, no.
Frank FagboHOST
21:29
[laughs] Okay.
Mukhtar MohammedGUEST
21:30
Because that is a, that's a different thing.
Tola T.A. AlabiHOST
37:53
first 50.
Tola T.A. AlabiHOST
37:54
Because my expectation was if I went to organizations, I went to different organizations, I went to USC, I went to different places, NNPC, I went to ECOWAS, dropped it at different places.
Tola T.A. AlabiHOST
38:09
And they were like, thank you.
Tola T.A. AlabiHOST
38:11
I did the branding.
Nosipho RadebeHOST
1:15
Uh, of course, just to unpack then, Calvin, a- and get a greater understanding of what's at play here, what does this IPO tell us then about how the Dangote Refinery has changed Nigeria's energy landscape since it began operating, uh, in 2024?
Calvin EmmanuelGUEST
1:33
Well, you know, the story of the IPO is the story of the fact that the state-owned oil company, NNPC, for 30 years has failed to, you know, get the government-owned refinery working and perennially, Nigeria for, you know, the, for the longest time.
Calvin EmmanuelGUEST
1:53
You know, if you go back in history, in 1965, Shell-BP, that later became Shell and British Petroleum, had built a refinery that would help them, you know, get low-pour fuel oil and automatic gasoline oil for their offshore operations, you know.
Calvin EmmanuelGUEST
2:12
And then they expanded it to 100, uh, to 210,000 barrels.
Calvin EmmanuelGUEST
2:20
But in 1978, the government bought it over from Shell, British Petroleum joint venture, you know.
Calvin EmmanuelGUEST
2:27
They merged what they called National Refinery Petroleum Company, NP- NRPC, and Ni- Nigerian National Oil Company, NNOOC, to form NNPC, and they were supposed to manage the government refineries.
Calvin EmmanuelGUEST
2:41
Then in the early '90s, it took the final downhill, and it went out of service, and the government has spent or spent about $22 billion during turnaround maintenance.
Calvin EmmanuelGUEST
2:51
So for the longest time, yearly, Nigeria has spent about $30 billion a year importing all kinds of products, you know, under all kinds of arrangements, where they give crude oil in exchange for petrol.
Kalu AjaHOST
54:31
Welcome to the Man U fans.
Kalu AjaHOST
54:33
I mean, Man U today played like NNPC.
Kalu AjaHOST
54:36
They had a monopoly.
Kalu AjaHOST
54:38
They couldn't take advantage of it.

25 MINS LATER

Kalu AjaHOST
79:18
It's now one of the top three in Nigeria.
Kalu AjaHOST
79:20
Uh, I can give you-- I can go on.
Kalu AjaHOST
79:21
Look at NNPC.
Kalu AjaHOST
79:23
NNPC in my mind is the only oil and gas company with a monopoly that made a loss.
Emmanuel OkeHOST
10:35
Trump offers $5,000 to every American for Republicans win.
Emmanuel OkeHOST
10:42
NNPCL inaugurates first self-service petrol station.
Emmanuel OkeHOST
10:48
Nigeria gets more U.S. military equipment.
Emmanuel OkeHOST
10:52
It will boost terrorism battle.
Eke UrumGUEST
50:30
Sure.
Eche EmoleHOST
50:30
The refinery needs crude from NNPC and has been receiving far less than it needs, right? The company carries about $3.65 billion in debt.
Eke UrumGUEST
50:39
Mm-hmm.
Eche EmoleHOST
50:39
The valuation has jumped dramatically in a short period of time.
Olugbenga DairoGUEST
36:52
Uh, it's a national project.
Olugbenga DairoGUEST
36:54
It's one that involves the federal government, the Federal Ministry of Marine and Blue Economy, the Nigerian Ports Authority, uh, NNPC are involved.
Olugbenga DairoGUEST
37:02
So it's a national significant project.
Emmanuel OkeHOST
37:07
I'd like us to, uh, step it down a bit now-
Sola OsunmakindeHOST
39:35
We give you all the glory.
Sola OsunmakindeHOST
39:36
You see, I remember, uh, when I was serving in NNPC that time, and they mistakenly paid me some amount of money.
Sola OsunmakindeHOST
39:47
Not mistakenly.
Sola OsunmakindeHOST
39:47
They thought I deserved the money.

13 more episodes mention NNPC Limited.

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