Close Menu
    Facebook X (Twitter) Instagram
    The Hints News Media Limited
    • Home
    • News

      NUJ Condemns Harassment, Intimidation of NTA Reporter By MD NRC, Opeifa

      Sponsor: Adeniyi Adedeji August 29, 2025

      FG: We Won’t Endorse ‘Unsustainable Agreements’ With ASUU

      Sponsor: Esther musa August 29, 2025

      2027 Presidency: Nigeria Has Moved On From Politics Of Sentiment, APC Tells PDP

      Sponsor: Adeniyi Adedeji August 29, 2025

      2027: APC Stakeholders Fret Over PDP’s Plan To Consider Jonathan, Obi As Possible Presidential Candidate 

      Sponsor: Adeniyi Adedeji August 29, 2025

      Troops Neutralise Two Bandits In Niger

      Sponsor: Halimat Ibrahim August 28, 2025
    • Politics

      2027 Presidency: Nigeria Has Moved On From Politics Of Sentiment, APC Tells PDP

      Sponsor: Adeniyi Adedeji August 29, 2025

      2027: APC Stakeholders Fret Over PDP’s Plan To Consider Jonathan, Obi As Possible Presidential Candidate 

      Sponsor: Adeniyi Adedeji August 29, 2025

      2027: Why APGA’ll Back Tinubu’s Re-election -Ezeokenwa

      Sponsor: Abbas JimohAugust 28, 2025

      PDP Zones 2027 Presidential Ticket To South

      Sponsor: Halimat ibrahim August 25, 2025

      APC: ADC’s Worthless Rhetorics, Obscene Propaganda Contributed To Its Miserable Showing in Recent By-election

      Sponsor: Adeniyi Adedeji August 25, 2025
    • Business

      Customs Generate ₦89.2bn To Set New Half-Year Revenue Record

      Sponsor: Module oyewale August 17, 2025

      Obi Blames Decline In FDI To Nigeria On Tinubu’s Global Galivanting, Uncoordinated Reforms

      Sponsor: Adeniyi Adedeji August 15, 2025

      Oyetola: Nigeria Set To Lead Africa In Blue Economy Development 

      Sponsor: Obagah izuagie August 14, 2025

      Oyetola: We’re Committed To Transform Baro Port From Dormant To Thriving Inland Gateway

      Sponsor: Adeniyi Adedeji August 13, 2025

      Pay First Need Compensation To Passengers Or Risks Sanctions, NCAA Warns Airlines

      Sponsor: Obagah izuagie July 28, 2025
    • Sports

      Ethiopian Airlines Adds Three Additional New Flights Operating Out Of Abuja

      Sponsor: Obagah izuagie August 20, 2025

      Tinubu Confers National Honour, Cash Awards On Afrobasket-winning D’Tigress 

      Sponsor: Module oyewale August 4, 2025

      Nigeria Wins Fifth Afrobasket Championship

      Sponsor: Modupeola oyewale August 4, 2025

      Tinubu Confers National Honour , Cash Awards On WAFCON-Winning Super Falcons

      Sponsor: Adeniyi Adedeji July 28, 2025

      D’Tigresses Crush Rwanda In FIBA Afro Basket Opener

      Sponsor: Modupeola oyewale July 26, 2025
    • Health

      ‎Foundation Seeks Stronger Parley On National Healthcare Systems

      Sponsor: Ayoade Ishola‎July 17, 2025

      Edo Activates Emergency Public Health Response To Contain Diphtheria Outbreak

      Sponsor: Esther musaJune 19, 2025

      Hygiene: NGO Provides 450 Menstrual Packages For School Girls In FCT 

      Sponsor: Obagah izuagie June 2, 2025

      Foundation Champions Menstrual Equity Through Art

      Sponsor: Adeniyi Adedeji May 28, 2025

      Declare State Of Emergency On FCT Healthcare System, House Tells FG

      Sponsor: Esther musa May 21, 2025
    • Education

      FG: We Won’t Endorse ‘Unsustainable Agreements’ With ASUU

      Sponsor: Esther musa August 29, 2025

      Imo Bans Nursery, JSS Graduation Parties, Halts Yearly Textbook Changes

      Sponsor: Adeniyi Adedeji August 18, 2025

      Abia’s Best Interest Association Decries Deplorable State Of Schools In Abia

      Sponsor: Adeniyi Adedeji August 13, 2025

      FG Increases Scholarship Grants Across All Education Levels By 50%

      Sponsor: Halimat Ibrahim July 31, 2025

      NYSC Member Donates Laboratory Equipment to Abuja School

      Sponsor: Adeniyi Adedeji July 17, 2025
    • Entertainment

      Nollywood Actor, Don Richard Seeks Financial Assistance As He Battles Kidney Disease

      Sponsor: Adeniyi Adedeji July 31, 2025

      Wrestling Legend, Hulk Hogan’s Cause Of Death Revealed 

      Sponsor: Modupeola oyewale July 25, 2025

      Davido Pulls Out Of 50 Cent’s Concert In London 

      Sponsor: Esther musaJune 15, 2025

      Gwo Gwo Gwo Ngwo Crooner, Mike Ejeagha Dies At 95

      Sponsor: Esther musaJune 7, 2025

      Veteran Nollywood Actor is Dead

      October 16, 2024
    Trending
    • NUJ Condemns Harassment, Intimidation of NTA Reporter By MD NRC, Opeifa
    • FG: We Won’t Endorse ‘Unsustainable Agreements’ With ASUU
    • 2027 Presidency: Nigeria Has Moved On From Politics Of Sentiment, APC Tells PDP
    • 2027: APC Stakeholders Fret Over PDP’s Plan To Consider Jonathan, Obi As Possible Presidential Candidate 
    • Troops Neutralise Two Bandits In Niger
    • CDD: Rising Military Populism In Africa Leading To Democratic Backsliding
    • Be Circumspect In Going Public With Information Based On Sheer Conjecture, INEC Tells ADC
    • ActionAid, Canada Launch N11bn Women’s Voice Leadership Project In Nigeria
    The Hints News Media Limited
    Home » NNPC’s 5,710 Staff Members Received N583.8bn As Salaries, Allowances In 2023

    NNPC’s 5,710 Staff Members Received N583.8bn As Salaries, Allowances In 2023

    Hints NewsBy Hints NewsDecember 2, 2024No Comments3 Mins Read
    Share Facebook Twitter LinkedIn WhatsApp Email Telegram Copy Link
    Share
    Facebook Twitter Email Telegram WhatsApp Copy Link

    The Nigerian National Petroleum Company Limited (NNPCL) has said it paid N583.797 billion to its employees as salaries, wages and other benefits in 2023, rising by 118.71 percent from N266.933 billion in 2022.

    The more than 100 per cent hike in the salaries, wages and other benefits of NNPC staff members in a one-year period was in stark contrast to the fate of other government employees in the country who are battling to get the federal and state governments to approve a minimum wage of N70,000 monthly, in the face of rising inflation.

    In addition, the N583.8 billion NNPC paid to its staffers as salaries, wages and other benefits is higher than the 2024 budgets of Abia State (N567.2 billion), Enugu (N521.6 billion), Bayelsa (N489.4 billion), Kaduna (N458.3 billion), Katsina (N454.3 billion), Oyo (N438.4 billion), Kano (N437.3 billion) and Zamfara (N426.6 billion).

    In fact, only seven states in the country— Lagos, Akwa Ibom, Rivers, Delta, Ogun, Niger and Imo states — have budgets above the sum NNPC is paying its staff members as salaries, at N850 billion, N793.5 billion, N725 billion, N703 billion, N614 billion and N592.2 billion, respectively.

    Advertisement

    Breakdown

    Giving a breakdown of its staff emoluments in its audited statement for the 2023 financial year, the NNPC stated that salaries and wages rose by 207.91 per cent to N226.873 billion in 2023, from N73.681 billion in 2022; while staff allowances rose sharply by 208.91 per cent, from N58.215 billion in 2022 to N179.83 billion in 2023.

    In addition, staff welfare expenses doubled, rising by 109.26 per cent to N77.193 billion in 2023, from N36.889 billion in 2022.

    It is instructive to note that as at December 2023, the NNPC said it had a total of 5,710 staff members, hence, analysis of various emoluments subheads showed that for each employee.

    The average staff salaries and wages for the year comes to N39.73 million, which is N3.31 million per month; average staff allowances for the year was N31.5 million, translating to N2.62 million per month.

    Also, average staff welfare expenses for the year stood at N13.52 million for each staff, translating to N1.13 million per month. Generally, each NNPC staffer receives an average of N7.06 million per month in emoluments.

    CEO, CFO, 5 Others Earned N36m Monthly

    Meanwhile, the NNPC financials reveal that the company’s chief executive officer, its chief financial officer, general counsel and four executive vice presidents received N3.051 billion as emoluments in 2023, higher by 133.26 per cent than the N1.308 billion they received in 2022.

    This means that the seven senior executive members of the company received an average emolument of N435.86 million in 2023, translating to an average of N36.32 million per month.

    The Group Chief Executive Officer, GCEO, of the NNPCL is Mele Kyari; the Chief Financial Officer, CFO, is Umar Ajiya; General Counsel/Company Secretary is Chidi Momah; while its Executive Vice Presidents are Mr. Olalekan Ogunleye, in charge of Gas, Power and New Energy; Ms Oritsemeyiwa Eyesan, in charge of Upstream; Adedapo Segun, executive vice president in charge of downstream; and Mr. Danladi Inuwa, executive vice president in charge of business services.

    The NNPC had few weeks ago stated that its total workforce stood at 5,710 individuals as at the end of 2023, comprising 4,648 males and 1,062 females.

    ©SweetCrude Report

    Share. Facebook Twitter Telegram Email WhatsApp Copy Link
    Previous ArticleAbbas Describes Conduct of LG Elections As Mockery of Democratic Principles
    Next Article NiMet Partners Advocacy Group To Provide Weather Information To Disabled Community

    Related Posts

    NUJ Condemns Harassment, Intimidation of NTA Reporter By MD NRC, Opeifa

    Sponsor: Adeniyi Adedeji August 29, 2025

    FG: We Won’t Endorse ‘Unsustainable Agreements’ With ASUU

    Sponsor: Esther musa August 29, 2025

    2027 Presidency: Nigeria Has Moved On From Politics Of Sentiment, APC Tells PDP

    Sponsor: Adeniyi Adedeji August 29, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Onikoyi’s Stool: Onikoyi Royal Family Kicks Against Imposition By Lagos Govt

    Sponsor: Adeniyi Adedeji July 15, 2025

    Former President Buhari Is Dead

    Sponsor: Adeniyi Adedeji July 13, 2025

    How SunTrust Bank Executives Wapped $12m Cash Transfers For Achimugu In 10 Days To Buy Oil Bloc – Witness

    Sponsor: Halimat Ibrahim July 18, 2025

    2027: Malami Has No Electoral Value, Can’t Speak For CPC Bloc – Datti

    Sponsor: Adeniyi adedayo April 20, 2025
    Don't Miss
    News

    NUJ Condemns Harassment, Intimidation of NTA Reporter By MD NRC, Opeifa

    Sponsor: Adeniyi Adedeji August 29, 2025

    The Nigeria Union of Journalists (NUJ) has condemned the harassment, intimidation, and verbal abuse…

    FG: We Won’t Endorse ‘Unsustainable Agreements’ With ASUU

    Sponsor: Esther musa August 29, 2025

    2027 Presidency: Nigeria Has Moved On From Politics Of Sentiment, APC Tells PDP

    Sponsor: Adeniyi Adedeji August 29, 2025

    2027: APC Stakeholders Fret Over PDP’s Plan To Consider Jonathan, Obi As Possible Presidential Candidate 

    Sponsor: Adeniyi Adedeji August 29, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest news from TheHintsNews.

    About Us
    About Us

    TheHintsNews is situated in the Federal Capital Territory, Abuja.
    It is an authoritative news publication that covers varieties of news items including; politics, sports business, health and entertainment. It is a hub and melting pot of different ideas.
    To be a distinct media organisation that can be relied on when it comes to accurate, balanced, incisive news reports.

    Facebook X (Twitter)
    Our Picks

    NUJ Condemns Harassment, Intimidation of NTA Reporter By MD NRC, Opeifa

    Sponsor: Adeniyi Adedeji August 29, 2025

    FG: We Won’t Endorse ‘Unsustainable Agreements’ With ASUU

    Sponsor: Esther musa August 29, 2025

    2027 Presidency: Nigeria Has Moved On From Politics Of Sentiment, APC Tells PDP

    Sponsor: Adeniyi Adedeji August 29, 2025
    Most Popular

    Holy Michael High School: A Citadel of Learning In Ruins

    December 28, 202411

    Is Government Culpable In Enforced Disappearance Of Young Nigerians By Nebaioth Academy?

    Sponsor: Adeniyi Adedeji May 30, 2025

    How Awolowo Financed Free Universal Education in Western Region — Omokri

    September 21, 20234
    © 2025 TheHintsNews. Designed by WEBsolute.
    • Home
    • Editorial team
    • About us
    • Contact us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.