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Nigerian National Petroleum Company

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

September 1, 2023

The Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos, Akin Akinrinade, said the retail stations owned by the Nigerian National Petroleum Company (NNPC) Limited don’t have fuel to

NNPCL Denies Inflating Fuel Subsidy Payments

Business News·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

August 30, 2023

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business News·Oil & Gas

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

July 18, 2023

The prices of Premium Motor Spirit (PMS) have been readjusted by the Nigerian National Petroleum Company (NNPC) Limited after its previous increase in May. Prime Business Africa previously reported that the NNPC

Business News·Oil & Gas

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

July 11, 2023

The Nigerian National Petroleum Company (NNPC) Limited has informed members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to take delivery of petrol they paid for during the subsidy regime at

Dangote Cement GMD Defends Company's Prices After Criticism

Business News·Oil & Gas

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

June 8, 2023

The Nigerian National Petroleum Company (NNPC) Limited has revealed that Dangote Refinery is yet to receive crude as the company owned by Aliko Dangote hasn’t made any request. NNPC Limited spokesperson, Garba-Deen

Business News·Oil & Gas

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

June 2, 2023

Dangote Refinery, Port Harcourt Refining Company and other refineries expected to come onstream in Nigeria will not reduce fuel prices in the country. This is according to the Group Chief Executive Officer

Business News·Oil & Gas

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

June 2, 2023

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has disclosed that the immediate past president, Muhammadu Buhari, didn’t pay for subsidies in 2022 and

Business News·Oil & Gas

NNPC Boss Addresses Impact Of Shell, ExxonMobil, Others’ Exit On Nigeria

April 7, 2023

The Nigerian National Petroleum Company (NNPC) Limited has stated that the exit of International Oil Companies (IOCs) will not end the country’s exploration of hydrocarbon resources. Some foreign oil companies in Nigeria

Business News·Oil & Gas

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

March 20, 2023

In order to avert a hike in the price of Premium Motor Spirit (PMS), known as fuel, Nigerian National Petroleum Company (NNPC) Limited has increased the supply level to oil marketers. This

Business News·Oil & Gas

Eroton Loses Oilfield Asset To NNPC, Head Office Locked

March 7, 2023

Eroton Exploration and Production Limited has been removed as operator of the oil mining lease (OML) 18, which it co-owned with the Nigerian National Petroleum Company (NNPC) Limited. The NNPC, the major

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business News·Oil & Gas

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

February 9, 2023

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the reason Nigerians are experiencing fuel scarcity is that the product is in the wrong locations. Kyari

Business News·Oil & Gas

Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre

January 20, 2023

The Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has revealed that the Nigerian National Petroleum Company (NNPC) Limited is yet to respond to their request for

Business News·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

January 10, 2023

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu

Business News·Oil & Gas

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

January 6, 2023

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor

Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

Business News·Oil & Gas

NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres

November 30, 2022

The Nigerian National Petroleum Company (NNPC) said ongoing road projects in Lagos are behind scarcity of fuel in several areas within the state, as queues return to filling stations. Prime Business Africa

Business News·Oil & Gas

NNPC Boss, Kyari, Calls For Increase In Fuel Price, Says N170 Per Litre Unrealistic

November 10, 2022

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called for increase in fuel price, stating the N170 per litre is no longer realistic. During the

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business News·Oil & Gas

Buhari Faces N100 billion Lawsuit, As NNPC Former Chair, Ifeanyi Ararume, Fight Sack

November 9, 2022

President Muhammadu Buhari has been sued by the former senator representing Imo north, Ifeanyi Ararume, for removing him as board chairman of the Nigerian National Petroleum Company (NNPC) Limited. Ararume was four

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

Business News·Oil & Gas

El-Rufai Is Confused – NNPC Limited Slams Kaduna Governor Over Oil Comment

October 14, 2022

The Nigerian National Petroleum Company, NNPC, Limited has countered the claims made by Governor Nasir El-Rufai of Kaduna State regarding the performance of the oil firm. Prime Business Africa had reported El-Rufai

Business News·Oil & Gas

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

October 13, 2022

The Nigerian National Petroleum Company, NNPC, Limited has not remitted even N20,000 to the federal account this year according to the Kaduna State Governor, Nasir El-Rufai. El-Rufai revealed this on Thursday, stating

Business News·Oil & Gas

Petrol To Sell For N462 Per Litre, NNPC Reveals

September 5, 2022

The cost of petrol could rise to N462 per litre without subsidy, the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, revealed. Currently, the federal

Business News·Oil & Gas

Dangote Refinery Has Right Of First Refusal To Nigeria’s Crude Oil – NNPC

August 31, 2022

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the corporation held the right to sell crude to Dangote Refinery, owned by billionaire, Aliko Dangote.

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business News·Oil & Gas

NNPC Boss, Mele Kyari, Says Churches, Mosques Involved In Crude Oil Theft

August 31, 2022

Religious leaders in Nigeria have been accused by the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of aiding oil pipeline vandalism. Kyari said there’s a

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business News·Oil & Gas

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

August 8, 2022

The Federal Government has approved Seplat’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, after the Nigerian National Petroleum Company (NNPC) initially block the deal. In a statement released

Editorial: Buhari’s Unclaimed Funds Trust Fund

Business News·Oil & Gas

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

August 3, 2022

The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government

CBN Places Service Restriction On PoS Agents Across Nigeria

Business News·Currency

CBN Blames NNPC, Two Others, As Dollar Sells For N718

July 29, 2022

The Nigeria National Petroleum Company (NNPC) Limited has been blamed by the Central Bank of Nigeria (CBN) for scarcity of dollar and depreciation of the naira in recent weeks. Nigeria’s financial regulator

Business News·Oil & Gas

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

July 19, 2022

The Nigerian National Petroleum Company (NNPC) Limited has officially been unveiled by President Muhammadu Buhari, as the era of the Nigerian National Petroleum Corporation comes to an end. President Buhari said the

Business News·Oil & Gas

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