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NNPCL News - Page 2

Business News·Nigeria·Oil & Gas·Top Stories

NNPC Reports 33% Rise in Profit to ₦7.2tn Despite Revenue Decline

September 29, 2026

NNPC Ltd. reported a 33% increase in profit after tax to ₦7.2 trillion for the 2025 financial year, despite a 24% decline in revenue to ₦34.5 trillion, Group Chief Executive Officer Bayo

News·Top Stories

SERAP Sues NNPCL Over Alleged Failure to Account for ₦5.9bn Rebranding Expenditure

June 14, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for approximately ₦5.9 billion reportedly spent on the

Finance & Economy·News·Nigeria·Top Stories

Atiku Accuses Tinubu Administration of ‘Grand Larceny’, Demands Audit of NNPCL’s ₦17.5tn Pipeline-Security Spending

December 1, 2025

Former Vice-President Atiku Abubakar has intensified scrutiny on the financial operations of the Nigerian National Petroleum Company Limited (NNPCL), demanding an immediate forensic audit of the ₦17.5 trillion the company reportedly spent

News·Nigeria·Oil & Gas

NNPCL Posts ₦5.4tn Profit in 2024, Unveils Roadmap to Attract $60bn Investments by 2030

November 25, 2025

The Nigerian National Petroleum Company Limited (NNPCL) has announced a Profit After Tax (PAT) of ₦5.4 trillion for the 2024 financial year, marking one of its strongest performances since its transition into

Diaspora·News·Oil & Gas

US Prison Date Set for Ex-NNPC Official in $2.1m Bribe Scheme

September 3, 2025

A U.S. court has scheduled December 1 for the sentencing of Paulinus Okoronkwo, a former general manager of the Nigerian National Petroleum Corporation (NNPC)’s upstream division, who faces up to 25 years

News

NNPCL GCEO Ojulari Resumes Duties Amid Rumours Of Resignation

August 4, 2025

Bayo  Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), formally resumed official duties on Monday following widespread speculation that he had resigned under pressure. Ojulari was seen

Business News·Top Stories

Alleged N210trn NNPCL Scandal: Nigeria Now A Crime Scene – Obi

June 21, 2025

The 2023 presidential candidate of the Labour Party (LP), Peter Obi, has expressed shock over the alleged financial irregularities in the Nigerian National Petroleum Company Limited (NNPCL), which amount to N210 trillion.

News

NNPCL Cautions Nigerians, Foreign Investors Against Dealing With Fraudsters

June 10, 2025

The Nigerian National Petroleum Company Limited (NNPCL), has cautioned Nigerians, foreign investors and international business entities against engaging with individuals and companies falsely claiming to be representing the national oil company. In

News

Port Harcourt Refinery Shutdown: Marketers Call On Minister, NNPCL GCEO To Intervene

May 25, 2025

Members of the Host Community Petroleum Bulk Retailers of Port Harcourt Refinery Depot have kicked against the decision of the Nigeria National Petroleum Company Limited (NNPCL) to shut down the refinery for

News

NNPCL, Sahara Group Join Forces On Promoting Energy Access, Sustainability

May 15, 2025

Sahara Group, an energy conglomerate, and the Nigeria National Petroleum Company Limited (NNPCL) have agreed to strengthen collaboration on efforts geared towards promoting energy access and sustainability. This formed the fulcrum of

News

Ex-NNPCL Boss, Kyari, Denies Being In EFCC’s Custody

May 4, 2025

Immediate past Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has denied being in the custody of the Economic and Financial Crimes Commission (EFCC). Kyari said

News

Kyari’s Allies Laid Off In Major Restructuring At NNPCL

April 30, 2025

The Nigerian National Petroleum Company (NNPC) Ltd. has laid off several senior employees as part of a major reorganisation of the management. The affected senior officials are said to be closely associated

News·Politics

Ibas To NBA: Refund N300m Hosting Right To Rivers

April 14, 2025

Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), has demanded that the Nigerian Bar Association (NBA) should repay the N300 million the State Government paid for the association to host the

Opinion

Can The New NNPCL Board Tackle Industry’s Critical Problems?

April 6, 2025

The new directors of NNPCL appointed by President Bola Tinubu last week have been widely welcomed by Nigeria’s oil industry chieftains and analysts for their cognate experience and impressive private sector background,

Business News·News

NNPCL Leadership: Ojulari Takes Over From Kyari

April 5, 2025

Newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has officially taken over the leadership of the company from his predecessor, Mr. Mele Kyari. According

Business News·Oil & Gas

NNPCL Raises Petrol Price To N950/litre

April 4, 2025

The Nigerian National Petroleum Company Limited (NNPCL) has finally joined other oil marketers in raising the price of Premium Motors Spirit (PMS), also known as petrol. With effect from 2 April 2025,

News

NOC Congratulates Musa Kida On Appointment As Chairman Of NNPCL Board

April 3, 2025

Nigeria Olympic Committee (NOC) has congratulated Engr Musa Kida on his appointment as Chairman of the Nigeria National Petroleum Company Limited (NNPCL) Board of Directors. A statement released on Wednesday, by NOC

News

NAPE Hails Tinubu’s New Appointments Into NNPCL Board

April 2, 2025

The Nigerian Association of Petroleum Explorationists has commended President Bola Tinubu for the appointment of a new Board and Management Team for the Nigerian National Petroleum Company Limited (NNPCL). In a statement

Business News·Oil & Gas

Petrol Pump Price Hits N970 After Naira-for-crude Deal Suspension

March 31, 2025

In the aftermath of the recent suspension of the Naira-for-crude deal between Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPC), the pump price of Premium Motor Spirit (PMS), popularly known

News

NCDMB Rallies NNPC, Oil Producers To Boost In-country Manufacturing Of Line Pipes

March 8, 2025

The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line

Business News·News·Oil & Gas

Why Warri, Port Harcourt Refineries Not Producing PMS As Import Continues – Expert

February 9, 2025

By Blessing Nweke Economist and energy expert, Kelvin Emmanuel, has advanced reasons why the Warri and Port Harcourt refineries are not producing Premium Motor Spirit (PMS), also known as petrol against claims

Opinion

Politicians Pop Champagnes But The Rest Starve

February 7, 2025

By Emmanuel Onwubiko There is one social development that has emerged with the advent of the current president Bola Ahmed Tinubu’s administration. This social trend which is very outrightly negative is the

News

NNPCL, Petrol Minister Mourn Victims Of Niger Tanker Explosion, Call For Safety Precaution

January 19, 2025

The Nigerian National Petroleum Company Limited (NNPCL), has condoled with the victims of the petrol tanker explosion that happened in the Dikko-Maje area of Niger State on Saturday. The incident which occurred

Business News·News

NNPCL Reacts To Obasanjo’s Comments On Port Harcourt, Warri Refineries Repairs

January 3, 2025

Nigeria National Petroleum Company Limited (NNPCL), has reacted to comments made by former president Olusegun Obasanjo, regarding the rehabilitation of Port Harcourt, Warri and Kaduna Refineries. The National oil company invited the

Business News·News

American Don Criticises NUPENG For Hailing NNPCL Over Port Harcourt Refinery Resumption

November 29, 2024

An American-based professor of Humanity and Comparative Literature at the University of Maryland, Josephine Abubakar, has berated the General Secretary and the President of the Nigeria Union of Petroleum and Natural Gas

NNPCL Announces Resumption Of Production At PH Refinery

Business News·News·Oil & Gas

PH Refinery: Are You Blending Or Refining Crude Oil? Nigerians Ask NNPCL

November 27, 2024

Reactions have continued to trail the news of the resumption of oil refining at the Port Harcourt refinery. While some Nigerians have commended the resumption of production of refined petroleum products from

Port Harcourt Refinery Will Produce Only 10% Of Total Demand - Expert

Business News·News·Oil & Gas

Port Harcourt Refinery Produces Only 10% Of PMS Total Demand – Expert

November 27, 2024

As the resumption of production at the Port Harcourt Refinery is being celebrated, experts have warned that more efforts should be put in place to rehabilitate other existing ones and boost local

Business News·News·Oil & Gas

NNPCL Announces Resumption Of Production At Port Harcourt Refinery

November 26, 2024

The Nigeria National Petroleum Company Limited (NNPCL) on Tuesday announced that the Port Harcourt Refinery has finally begun production of refined petroleum products. A video shared on social media showed trucks driving

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

Business News·News·Oil & Gas

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

November 14, 2024

The Nigerian National Petroleum Company Limited (NNPCL) says collaboration with its partners has enabled it to increase crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4 standard cubic

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business News·News·Oil & Gas

Again, NNPCL Increases Petrol Price As Nigerians Groan

October 30, 2024

Nigerians have reacted to the latest increase in pump price of Premium Motor Spirit (PMS) also know as petrol. The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, 29th October increased the

We’re Selling PMS At N990/Litre, Dangote Reveals

Business News·News·Oil & Gas

Dangote Refinery: We Sold Petrol Cheaper To NNPCL, Debunks N898 Per Litre Claim

Dangote Refinery has said it sold Premium Motor Spirit (PMS) also known as petrol to the Nigeria National Petroleum Company Limited (NNPCL) at a cheaper rate. In a statement by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company debunked

September 16, 2024

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