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Search Result for: Nnpc
News
NNPC Admits to Financial Strain Over PMS Supply Costs Despite N3.3 Trillion Net Profit
A few weeks after declaring a net profit of N3.3 trillion in the 2023 financial year, with a purported increase of over N700...
News
After Handing Over Retail Assets to OVH Energy, NNPC Seeks to Privatise Warri and Kaduna Refineries
The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to engage reputable Operations and Maintenance (O&M) companies to take over the operation...
FinanceNews
NNPC Denies Tinubu’s Involvement In OVH Acquisition Deal
Nigerian National Petroleum Company Limited (NNPCL) has denied the involvement of President Bola Tinubu in the controversial acquisition deal of NNPC retail by...
BusinessNews
NNPC Hands Over All Retail Assets, Petrol Stations To OVH Energy Run By Wale Tinubu
NNPC Retail, the downstream arm of the Nigerian National Petroleum Company Limited (NNPCL), has transferred its assets and ownership to OVH Energy Marketing...
News
NNPC’s Profit Illusion And Concealed Subsidy Payments
On Monday, the Nigerian National Petroleum Company Limited (NNPC Ltd.) announced a Net Profit of N3.3 trillion for 2023, a purported “increase of...
News
Petroleum Producers Reject Tinubu’s Directive to Sell Crude Oil to Local Refineries, Wants NNPC Allocation Utilised
The Independent Petroleum Producers Group has notified against any move compelling the sale of crude oil to local refineries, including the Dangote Refinery....
News
Despite Confirming Payment, NNPC Says It’s Not Subsidising Fuel
The Nigerian National Petroleum Company Limited (NNPC Ltd.) said it had not paid any fuel subsidies in the last nine months, refuting claims...
BusinessNews
Amid Persisting Fuel Scarcity, NNPC Denies Owing International Oil Traders
The Nigerian National Petroleum Company Limited (NNPC Ltd) has denied claims that it owes $6.8 billion to international oil traders. This was in...
News
As Protests Brew, NNPC Advertises Job Offers, Portal Crashes Amid High Demand
The Nigerian National Petroleum Company Limited (NNPC) has announced a significant recruitment exercise for various department positions. However, the company’s job application portal...
FinanceNews
Dangote Accuses Government of Sabotage, Offers to Sell 650,000 BPD Dangote Refinery To NNPC
Aliko Dangote has offered to sell his multibillion-dollar oil refinery to the state-owned energy company, Nigerian National Petroleum Corporation (NNPC) Limited, accusing the...
News
NNPC Loses 12.8% Stake In Dangote Refinery Due To Unpaid Balance
Aliko Dangote, Chief Executive Officer of Dangote Refinery, has said the Nigerian National Petroleum Corporation (NNPC) now holds only a 7.2 per cent...
FinancePolitics
On Tinubu’s Directives, NNPC Drops Case Against ExxonMobil’s $1.3bn Assets Sale to Seplat Energy
The Nigerian National Petroleum Company (NNPC) has reportedly withdrawn its lawsuit against ExxonMobil three weeks after President Bola Tinubu’s decisive directives, which were...