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Barely weeks after declaring a net profit of N3.3 trillion in the 2023 financial year, with a purported increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion, NNPC has announced it is under intense financial pressure.
News

Nigerian Government Under Fire as NNPC Admits Refineries Still Down Despite Billions Spent

The Federal Government of Nigeria is facing criticism after the Nigerian National Petroleum Corporation (NNPC) admitted that the country’s three major refineries, Kaduna,...

NNPCL GCEO, Bayo Ojulari
News

Nigeria: NNPC Boss Snubs Senate Summons Again Over Missing ₦210tn Probe

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has once again failed to honour summons by...

FinanceNews

Missing ₦210tn: Nigerian Senate Rejects NNPCL’s Retreat Excuse, Gives 10-Day Ultimatum to Appear Before Probe Panel

The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts, which is probing alleged...

Finance

Nigerian Senate Uncovers Over ₦200trn “Missing” in NNPC’s Financial Reports

The Nigerian Senate Committee on Public Accounts has raised alarm over what it describes as “mind-boggling and worrisome” financial discrepancies involving trillions of...

Dangote Refinery Halts Naira
BusinessNews

Dangote Refinery Halts Naira Sales Despite NNPC’s Denial of Naira-for-Crude Contract Cancellation

Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in naira, citing challenges in balancing crude oil purchase obligations with sales...

Petrol Prices
BusinessNews

Despite Non-Renewal of Naira-for-crude Contract, NNPC Insists Policy Not Yet Cancelled

The Nigerian National Petroleum Company Limited (NNPC) has announced that its six-month naira-for-crude agreement with Dangote Refinery is set to expire at the...

Port Harcourt Refinery
BusinessNews

After Exceeding 3 Deadlines, NNPC Claims Resumption of Port Harcourt Refinery

After missing three prior deadlines, the Port Harcourt Refining is said to have commenced crude oil processing. On Tuesday, the Chief Corporate Communications...

NewsSecurity

NSIB Recovers Black Box from NNPC Helicopter that Crashed in Rivers State

The Nigerian Safety Investigation Bureau (NSIB) has recovered the black box from the helicopter that crashed in Rivers State on October 24. The...

FinanceNews

NNPC Dismisses Protests Calling for CEO Kyari’s Resignation, Says He Isn’t Responsible for Fuel Price Hike

The Nigerian National Petroleum Company Limited (NNPCL) has dismissed recent protests demanding the resignation of its Group Chief Executive Officer, Mele Kyari, over...

Dangote Petrol price
FinanceNews

Dangote Refinery Starts Direct Sales of Petrol to Oil Marketers, As NNPC Quits Intermediary Roles

The Dangote Petroleum Refinery has commenced direct supply of petrol to oil marketers without the involvement of the Nigerian National Petroleum Company Limited...

Transport fares Kaduna Abuja
News

After DSS Intervention NNPC to Sell Petrol to Independent Marketers at N995 Per Litre

After the intervention of the Department of State Services (DSS), the Nigerian National Petroleum Company Limited (NNPC) has agreed to sell Premium Motor...

Peter Obi Criticises Tinubu, NNPCL for Fuel Price Hike Amid Nigeria's Economic Struggles
Politics

Peter Obi Criticises Tinubu, NNPCL for Fuel Price Hike Amid Nigeria’s Economic Struggles

Peter Obi, the 2023 Labour Party Presidential candidate, has attributed Nigeria’s “extremely difficult” economic conditions to the “wrong policy choices” by President Bola...