• Contact Us
  • About Us
Thursday, July 23, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Oil & Gas

NNPCL Persuades 500 Staff To Leave, Provides Mouth-Watering Package 

metro by metro
July 25, 2022
in Oil & Gas
0
0
SHARES
0
VIEWS

 

New realities that come with the new status of the commercialized Nigeria National Petroleum Company (NNPC) Limited may have started to set in as 500 staff have been pencilled to go.

Read Also

Oil Prices Rise To Six-week High As US-Iran Tensions Escalate

Dangote Refinery Secures $2.5bn Ahead Of Planned IPO

Oil Rises On Intensifying US-Iran Hostilities, Threat Of Red Sea Closure

The affected who have been offered mouth-watering inducement according to Business Standards, are however given till the first week of August to decide whether to leave now with the package or continue in the employ of the oil firm

The message was passed to the affected staff who are ordinarily billed to retire by the years 22, 23, and 24 through their emails.

This decision is not favoured by some of the management staff members who have kicked against it, especially those in the cadre of general managers and group general managers

The group managing director and chief executive of the company, Mele Kyari was alleged to have said at a staff town meeting recently that “you may accept the package or reject it, but you are advised to take it.”

Those general managers and group general managers that are against the retirement allegedly wanted to complete their official tenures, and retire when they attain 60 years of age.

Sources said no one will be forced out of the system if they fail to take the advantage of the severance package but they may have themselves to blame afterward.

A portal is said to have been opened online with points to click, one for acceptance of the severance exercise and the other for the rejection of the letter, whichever way any of the affected officials choose, by the first week of August, the portal would be closed.

Aside from the juicy package for those affected, they would also be entitled to 50 percent of their salaries until the time they are naturally expected to serve out their tenure in the company.

Some agreed that the action of the company is not punitive and wishes they are part of the exercise which also has seen the company offering to also write off advances to any of the affected staff is paying
ALSO READ:Lagos-Ibadan Expressway, Second Niger Bridge May Be Completed In December – Fashola
The Nigerian National Petroleum Corporation (NNPC) transitioned to a commercial venture, NNPC Limited, on Tuesday, 19 July 2022. It is hoped per the cent transition would bring with it a whole new set of operational efficiency and competency to NNPC Limited.

Previous Post

Lagos-Ibadan Expressway, Second Niger Bridge May Be Completed In December – Fashola

Next Post

Strengthening Sudan’s fragile peace: A Resident Coordinator Blog

Related Posts

Nigeria Signs South Korea’s Daewoo To Fix Kaduna Refinery
Oil & Gas

Oil Prices Rise To Six-week High As US-Iran Tensions Escalate

July 23, 2026
Four Weeks After, Marketers Still Awaiting Dangote Fuel
Oil & Gas

Dangote Refinery Secures $2.5bn Ahead Of Planned IPO

July 17, 2026
Oil Rises On Intensifying US-Iran Hostilities, Threat Of Red Sea Closure
Oil & Gas

Oil Rises On Intensifying US-Iran Hostilities, Threat Of Red Sea Closure

July 17, 2026
Business

Nasan Energies Signals a New Era of Indigenous African Energy Leadership Following Landmark Retail Acquisition

July 13, 2026
Next Post

Strengthening Sudan’s fragile peace: A Resident Coordinator Blog

Canada Warns Citizens Against Travel To Nigeria, 15 Other Countries

Canada Unveils Six Conditions Nigerians, Other Foreigners Must Meet To Get Visa

July 23, 2026
Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 

Trump Praises Nigeria’s Efforts Against Violence Towards Christians

July 23, 2026
Houthis Claim Attacks On Saudi Tankers In Red Sea, Raising Risk Of New Chokepoint In Iran War

Houthis Claim Attacks On Saudi Tankers In Red Sea, Raising Risk Of New Chokepoint In Iran War

July 23, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version