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NNPCL - Page 4

Ex-NNPCL GCEO Kyari to Appear Before Senate Over Alleged ₦210 Trillion Discrepancy

March 5, 2026

A Senate committee has warned it may issue arrest warrants against former officials of the Nigerian National Petroleum Company Limited (NNPCL) if they fail to appear before it on a date to

Business News·FEATURES·Finance & Economy·News·Nigeria·Top Stories

Tinubu’s Oil Revenue Clampdown Stirs Relief at FAAC, Anxiety Inside NNPC

February 26, 2026

Inside the monthly meetings of the Federation Account Allocation Committee, one complaint has come up again and again — not enough money to share. State officials have long questioned why large portions

News

Court Freezes Accounts Linked to Ex-NNPCL Boss Kyari Over $2.9bn Refinery Funds Probe

August 21, 2025

A Federal High Court in Abuja has frozen four bank accounts linked to Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), as the Economic

News

Rights Lawyers Sue EFCC, NNPCL CFO Over Failed N5trn Refinery Projects

August 6, 2025

A group of human rights lawyers has filed a suit at the Federal High Court in Abuja against the Economic and Financial Crimes Commission (EFCC) and the Chief Financial Officer of the

Finance & Economy·News

Lawmakers Demand Clarity on ₦210 Trillion NNPCL Audit Discrepancies

July 30, 2025

The Nigerian Senate has issued a 21-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to provide a detailed and reconciled response to audit queries concerning ₦210 trillion in financial discrepancies

News

Senators Fume As NNPCL GCEO Shuns Senate Invitation For Third Time

July 23, 2025

The Nigerian Senate has expressed strong displeasure over the repeated failure of the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Engineer Bayo Ojulari, to appear before

FEATURES·Oil & Gas

Between NNPC’s Refineries Sale Plan And Heavy Spend On TAM: Which Is The Lesser Evil?

July 13, 2025

The recent indication that Nigeria’s state-owned Port Harcourt, Warri, and Kaduna refineries may be sold off after an ongoing review of the plants is concluded has sparked mixed reactions. While some hailed

Business News·Oil & Gas

NNPCL GCEO Laments Refineries Rehabilitation Challenges, Says Sell Off Is Possible

July 11, 2025

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has lamented about the challenges associated with the rehabilitation of the country’s refineries, hinting at the possibility of selling

News

NNPCL Spokesperson, Femi Soneye, Resigns

June 21, 2025

Olufemi Soneye has resigned from his position as Chief Corporate Communications Officer of the Nigeria National Petroleum Company Limited (NNPCL). Soneye made this known in a post on social media on Saturday.

Business News

Nigerian Senate Gives NNPCL One-week To Clarify Over N210trn Discrepancies In Financial Statement

June 19, 2025

The Nigerian Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a one-week ultimatum to explain in detail the over N210 trillion in discrepancies found in the company’s 2017–2023 audited financial

Sports

NBBF President Commiserates With Kano State Government On Athletes’ Death

June 2, 2025

The President, Nigeria Basketball Federation (NBBF) Engr Musa Kida has expressed heartfelt condolences to the Kano State Government on the killing of 21 athletes, officials and journalists that represented the state at

Business News

Three Nigerian States With Highest Petrol Price In April

May 25, 2025

Nigerians have continued to endure an upsurge in the cost of Premium Motor Spirit (PMS), also known as petrol, since May 2023, when President Bola Tinubu’s administration ended fuel subsidies and began

Opinion

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

May 20, 2025

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

Business News·Oil & Gas

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

May 10, 2025

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.

Business News·FEATURES·Oil & Gas

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

April 25, 2025

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

News

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

February 21, 2025

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.

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Business News·News·Oil & Gas

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

December 5, 2024

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.

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

Business News·FEATURES·News·Oil & Gas

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

November 26, 2024

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

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business News·News·Oil & Gas

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

November 21, 2024

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

Business News·FEATURES·News·Oil & Gas

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

October 26, 2024

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

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

Business News·FEATURES·News·Oil & Gas

Fuel Price Hike: Economic Reforms At The Masses Expense

October 15, 2024

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

Business News·News·Oil & Gas

Dangote Refinery To Begin Crude Oil Production Soon

October 12, 2024

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

Business News·News·Oil & Gas

Why 3 Million Barrels Of Oil Production Daily Is Achievable – NNPCL

September 29, 2024

The Nigerian National Petroleum Company Limited (NNPCL) is confident that Nigeria can reach a daily crude oil production level of 3 million barrels. Mr. Olufemi Soneye, the Chief Corporate Communications Officer of

Why NNPC Is Facing Challenges Meeting Crude Supply Demands To Dangote Refinery- PENGASSAN

Business News·News·Oil & Gas

Why NNPCL Can’t Meet Crude Supply Demands To Dangote Refinery- PENGASSAN

September 27, 2024

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has disclosed why the Nigerian National Petroleum Company (NNPC) Limited is facing difficulties in supplying crude oil to the Dangote Refinery.

https://dangote.com/our-business/oil-and-gas/

Business News·FEATURES·News·Oil & Gas

NNPCL VS Dangote Refinery: Price War Or Fraud?

September 20, 2024

NNPCL and Dangote Refinery in Pricing Controversy A fresh storm is brewing in Nigeria’s energy sector as the Nigeria Labour Congress (NLC) accuses the Nigeria National Petroleum Corporation Limited (NNPCL) and Dangote

Business News·FEATURES·News·Oil & Gas

Nigeria’s Oil Sector: A Crisis Of Leadership, Corruption, Poor Governance

September 18, 2024

The oil sector has long been Nigeria’s economic lifeblood, contributing the bulk of its foreign exchange earnings and government revenue. Yet, despite the nation’s immense crude oil reserves, the industry is riddled

Business News·News·Oil & Gas

Crude-for-Naira Deal To Ease Fuel Prices, Availability From October 1- NECA

September 17, 2024

Crude-for-Naira Deal to Start from October 1 The Crude-for-Naira initiative, set to begin on October 1, 2024, has generated wide reactions across Nigeria, with key industry players expressing optimism. The agreement struck

Naira-for-Crude Policy: Bold Economic Reform Or Risky Gamble For Nigeria's Future?

Business News·FEATURES·News·Oil & Gas

Naira-for-Crude: Bold Economic Reform Or Risky Gamble For Nigeria’s Future?

September 16, 2024

Nigeria Introduces Naira-for-Crude Policy Nigeria has long been a major player in the global oil market, exporting its crude oil in exchange for US dollars, the dominant currency in international trade. This

SERAP sues Tinubu, govs over cybercrime law abuse

Business News·News·Oil & Gas

SERAP Sues President Tinubu Over Petrol Price Hike, Seeks Reversal To N600 Per Litre

September 16, 2024

SERAP Takes Legal Action Against President and NNPCL The Socio-Economic Rights and Accountability Project (SERAP) has taken a legal action against President Bola Tinubu, demanding the reversal of the recent petrol price

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business News·News·Oil & Gas

Nigeria To Stop Petrol Imports In October, Shifts To Dangote Refinery Supply

September 16, 2024

NNPC to Stop Petrol Imports as Dangote Refinery Takes Over Starting in October 2024, the Nigerian National Petroleum Company Limited (NNPC) will stop importing petroleum products, provided the local price from the

Finance & Economy·News

How NNPCL Paid Idle Kaduna Refinery Workers For 20 Years – Speaker Abbas

The Speaker of the House of Representatives, Tajudeen Abbas, yesterday said that for Nigeria to avoid more wasteful years of non-performing public assets in the oil sector, the Nigerian National Petroleum Company Limited, (NNPCL) must come up with creative ways for optimal

November 24, 2023

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business News·News·Oil & Gas

NNPCL Kicks As Nigeria Records 172 Crude Oil Theft Incidents In 1 Week

The Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has described the destruction of over 5,000 kilometers of oil pipelines by vandals as a national calamity, with the country recording 172 crude oil theft incidents across different states between

November 22, 2023

Africa·Business News·News·Oil & Gas

NNPCL, Aiteo Launch Nembe Crude Oil Grade

The Nigerian National Petroleum Company Limited (NNPCL) and Aiteo have jointly introduced the Nembe crude oil grade. The announcement was made at the Argus European Crude Conference in London, with Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, delivering the news on Wednesday,

November 8, 2023

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

Business News·Oil & Gas

Nigeria’s NNPC Ends Crude Swap For Cash

The Nigerian National Petroleum Company Limited (NNPCL) has ended the crude oil swap deal and adopted cash tenders for fuel procurement. The move, as reported by Reuters, signifies a departure from a decade-old practice aimed at eliminating costly fuel subsidies and bolstering

October 13, 2023

Dangote Refinery Has Right Of First Refusal To Nigeria's Crude Oil - NNPC

Insights·Opinion

NNPCL’s Bizarre Crude Oil Importation

Last week had two contrasting news from two institutions that reflected two highly contrasting tales of resource management. One institution comes within the context of abundance and crass economic profligacy. The other comes within the context of imposed economic depression, but extraordinary

September 30, 2023

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