Search Result for: Nnpc
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...
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....
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...
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...
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...
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...
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...
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The Nigerian National Petroleum Company (NNPC) has reportedly withdrawn its lawsuit against ExxonMobil three weeks after President Bola Tinubu’s decisive directives, which were...
NNPC Denies Allegations Of Inflating Fuel Subsidy By N3.3 Trillion
The Nigerian National Petroleum Company Limited (NNPCL) has denied the allegations that it inflated Premium Motor Spirit (PMS/Fuel) subsidy claims by N3.3 trillion...
NNPC And ExxonMobil Settle Over $1.2bn Divestment Deal Involving Seplat Energy
The Nigerian National Petroleum Company (NNPC) Limited has finalised a settlement agreement with ExxonMobil, enabling the divestment of ExxonMobil’s entire stake in Mobil...
Just In: Fire Erupts at NNPC Filling Station in Lagos
Fire has broken out at a Nigerian National Petroleum Corporation (NNPC) filling station near the Fadeyi bus stop in the Mushin area of...
Petrol Supply will Improve, Stop Panic Buying – NNPC Promises
Despite ongoing nationwide fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) Limited has once again cautioned motorists against panic buying petrol, known as...