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NNPCL - Page 2

World Bank’s Call For NNPCL Audit Raises Questions On Nigeria’s Sovereignty

The World Bank’s recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) has sparked debate over the institution’s role in Nigeria’s economic affairs. While the Bank cites concerns over transparency and accountability, critics argue that its influence

May 20, 2025

Business·Oil & Gas

NNPCL, Dangote Strengthen Partnership To Boost Nigeria’s Oil, Gas Downstream Sector

The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery & Petrochemicals have pledged to strengthen collaboration in boosting Nigeria’s oil and gas downstream sector to ensure the country’s energy security. The goal is also to put measures that ensure a

May 10, 2025

Business·FEATURES·Oil & Gas

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand. This oversupply situation threatens Nigeria’s revenue, foreign exchange earnings, and economic stability

April 25, 2025

News

Fire Outbreak At Crude Storage Facility In Rivers: No Casualties – NNPCL

The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that no casualty was recorded when a fire broke out on the dry crude storage barge BESTAF5 at Cawthorne Channel 1, Rivers State. In a statement released Thursday night, NNPCL said that on

February 21, 2025

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Business·News·Oil & Gas

How Marketers Import 2.3bn Litres of Fuel In 3 Months Despite Local Refinery Operations

Marketers Persist with Fuel Imports Despite the operational launch of two major refineries in Nigeria, the Dangote Petroleum Refinery and the Port Harcourt Refining Company, oil marketers have continued to import fuel. Between September 11 and December 5, 2024, a total of

December 5, 2024

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

Business·FEATURES·News·Oil & Gas

Nigeria’s Refinery Privatisation: A Step Toward Energy Security?

Restructuring Nigeria’s Energy Backbone For over 40 years, Nigeria’s state-owned refineries have largely remained dormant. Despite injecting trillions of naira into maintenance, the facilities in Port Harcourt, Warri, and Kaduna have failed to deliver. Now, the government is embarking on an ambitious

November 26, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

U.S. Oil Imports Resume After Hiatus The Dangote Petroleum Refinery has resumed importing crude oil from the United States after a three-month break. A shipment carrying two million barrels of WTI Midland crude from Chevron Corporation is expected at the refinery in

November 21, 2024

Business·FEATURES·News·Oil & Gas

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

Around 8:30 am on Tuesday, 15 October, Osinachi, a driver in one of the transport companies that operates the east-west road had gotten full passenger load of his 14-seater commuter hiace bus enroute to Enugu from Lagos. However, the joy of loading

October 26, 2024

Fuel Price Hike: Nigeria’s Economic Reforms At The Cost Of The Masses’ Daily Struggles

Business·FEATURES·News·Oil & Gas

Fuel Price Hike: Economic Reforms At The Masses Expense

The surge in fuel prices in Nigeria, following the removal of fuel subsidies by the Nigerian National Petroleum Corporation Limited (NNPCL), has stirred widespread concern. With fuel prices climbing from N885 to N998 in Lagos and N897 to above N1,000 in different

October 15, 2024

Business·News·Oil & Gas

Dangote Refinery To Begin Crude Oil Production Soon

Dangote Refinery to Start Oil Production in Q4 2024 The Dangote Refinery, West Africa’s largest, is set to begin crude oil production by the fourth quarter of 2024, according to a recent report by S&P Global Commodity Insights. This significant milestone comes

October 12, 2024

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NNPCL - Page 2

World Bank’s Call For NNPCL Audit Raises Questions On Nigeria’s Sovereignty

NNPCL, Dangote Strengthen Partnership To Boost Nigeria’s Oil, Gas Downstream Sector

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

Fire Outbreak At Crude Storage Facility In Rivers: No Casualties – NNPCL

How Marketers Import 2.3bn Litres of Fuel In 3 Months Despite Local Refinery Operations

Nigeria’s Refinery Privatisation: A Step Toward Energy Security?

Dangote Refinery Resumes U.S. Crude Import Amidst Domestic Supply Challenges

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

Fuel Price Hike: Economic Reforms At The Masses Expense

Dangote Refinery To Begin Crude Oil Production Soon

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