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No plans to increase fuel price - NNPCL
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NNPCL workers threaten strike over external appointments into top roles

Workers of the Nigerian National Petroleum Company Limited have issued a stern warning to the newly appointed Group Chief Executive Officer, Bayo Ojulari, over alleged plans to appoint external candidates to top management positions. In a letter jointly signed by leaders of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the National […]

NNPCL reports N2.69trn in tax expenses for 2023
News

NNPC halts naira-for-crude deal, impacting Dangote, others

The Nigerian National Petroleum Company Limited has suspended the naira-for-crude oil swap arrangement with domestic refiners, including the Dangote Refinery and other private operators. This decision, effective immediately, has raised concerns about its potential impact on Nigeria’s energy sector and the broader economy, according to BusinessDay. According to sources privy to the information, NNPC has […]

News

NNPC seals 20-year gas supply deal with Ssonic

Nigerian National Petroleum Gas Marketing Ltd, a subsidiary of NNPC Ltd, has signed a Gas Sale and Purchase Agreement with Ssonic Petroleum Ltd to supply natural gas to its proposed LNG plant in the Lekki Free Trade Zone, Lagos State. According to a statement by the NNPC’s Chief Corporate Communications Officer, Olufemi O. Soneye, the […]

NNPCL reports N2.69trn in tax expenses for 2023
News

NNPC, BUA partner to construct mini gas plants in Kogi

The Nigerian National Petroleum Company Limited will inaugurate the construction of five mini-liquefied natural gas plants in Kogi State today. This follows the signing of a shareholders’ agreement between NNPC Gas Marketing Ltd and BUA Group for the development of a 45 million standard cubic feet mini-LNG plant in Ajaokuta. The five mini-LNG plants include […]

News

NNPCL commits to environmental sustainability with OGMP 2.0 membership

Nigerian National Petroleum Company Limited has officially joined the Oil and Gas Methane Partnership 2.0, affirming its dedication to environmental sustainability. This was announced in statement by the company via its official X handle on Monday. This significant step aligns with NNPC’s goal of achieving net-zero methane intensity by 2030, highlighting its commitment to reducing […]

News

Protesters storm NNPC Headquarters, demand end to adulterated fuel imports

A crowd of protesters stormed the National Petroleum Company Limited headquarters in Abuja on Monday, demanding an end to the importation of adulterated fuel into Nigeria. Organized by the Citizens and Economic Freedom Rights Activists in Nigeria and the Two Million Man March Against Oil Scam Cabal, the protesters described the situation as a “national […]

News

Nigeria, Morocco plan $26bn African Atlantic gas project

The Nigerian National Petroleum Company Limited and Morocco’s Office National des Hydrocarbures et des Mines made significant progress on Friday toward the realization of the African Atlantic Gas Pipeline, a project estimated to cost around $26 billion. This collaboration aims to enhance gas supply and infrastructure across Africa, furthering regional energy integration, according to Arise […]

NNPCL sets fuel price above N1000 per litre
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Again, NNPCL raises petrol price to N1,060/litre

The Nigerian National Petroleum Company Limited has adjusted the pump prices three weeks after raising the price of Premium Motor Spirit, also known as petrol. On Tuesday, the NNPCL increased the retail price of petrol in Abuja from N1,030 to N1,060 per litre, as observed at multiple NNPCL stations in the Federal Capital, according to […]

News

NNPC trains over 1,000 mechanics on CNG vehicle conversion

The Nigerian National Petroleum Corporation Retail Limited, a subsidiary of NNPC, has successfully trained over 1,000 mechanics across Nigeria on the technical aspects of converting vehicles to Compressed Natural Gas. This was disclosed by the NNPC spokesperson, Olufemi Soneye, via the company’s official X handle on Saturday. The training program included practical demonstrations of the […]

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Why NNPC increased fuel price – Minister

The Federal Government of Nigeria has stated that it bears no responsibility for the recent increase in petrol prices. On Wednesday, the Nigerian National Petroleum Company Limited announced a significant rise in pump prices across various regions. In Abuja, the price surged from N897 per litre to N1,030, while in Lagos it increased from N855 […]

NNPCL sets fuel price above N1000 per litre
News

NNPC allegedly raises petrol price to N1,030/litre

The Nigerian National Petroleum Company Limited has allegedly raised the price of premium motor spirit, commonly referred to as petrol, at its retail outlets. It was observed that the price of the product increased to  N1030 per litre in Lagos on Wednesday, according Premium Times. NNPC reportedly raise the pump price of petrol from N855 […]

News

NNPC dividends to FG drop from $11.9bn to $1.83bn – Report

Dividends from the Nigerian National Petroleum Company Limited to the federation account have sharply declined from $11.9 billion to $1. 83 billion following the full implementation of the Petroleum Industry Act. This significant drop is highlighted in the latest Agora Policy Report, which examines the PIA’s impact on the federation’s revenue from 2021, the year […]