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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

We Purchased Fuel from Dangote Refinery at N898 Per Litre — NNPC

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it purchased premium motor spirit (PMS), commonly known as petrol, from Dangote Refinery...

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.
BusinessNews

NNPC Requests Permanent Office Space at Dangote Refinery for Staff

The Nigerian National Petroleum Corporation (NNPC) has requested office space for six to 10 of its staff at the Dangote Refinery as part...

NNPC Petrol Dangote
News

NNPC Yet To Lift Our Petrol, Negotiations Still Ongoing – Dangote

Dangote Group has clarified media reports that the Nigeria National Petroleum Company (NNPC) is lifting petrol from its refinery at N897 per litre....

News

Despite Denial of Subsidy Payment, FG Admits NNPC Facing Bankruptcy

Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu, has said the Nigerian National Petroleum Company Limited (NNPCL) Limited...

BusinessNews

Just In: NNPC Raises Fuel Prices to N897 per Litre

The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit (PMS) to N897 per litre across the...

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.
BusinessNews

“We did not Instruct NNPC to Raise Fuel Prices”- FG Says

The Federal Government has refuted reports claiming that it instructed the Nigerian National Petroleum Company Limited (NNPCL) to sell fuel at ₦1,000 per...

Former Anambra governor and Labour Party presidential candidate, Peter Obi, has condemned recent calls for the Federal Government to purchase a new aircraft for the Vice President, calling the suggestion "insensitive and detached from the country's harsh economic realities."
News

Peter Obi Blames Fuel Scarcity on Government Incompetence, Demands NNPCL Transparency

The 2023 presidential candidate for the Labour Party (LP), Peter Obi, has called on Nigerians to demand transparency from the federal government regarding...

News

Protesters In Abuja Demand Action On Fuel Scarcity, Call For NNPCL Chief’s Removal

Nigerians, on Monday, took to the streets of Abuja to protest the ongoing fuel scarcity that has plagued the nation for months. The...

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

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...

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

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...

NNPC Denies Tinubus Involvement In OVH Acquisition Deal
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...

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.
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...