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Tag: NNPC

NNPCL fuel subsidy gains not fully remitted - World Bank
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ICYMI: NNPCL fuel subsidy gains not fully remitted – World Bank

The World Bank has raised concerns about Nigeria’s fiscal transparency, revealing that the Nigerian National Petroleum Company Limited remitted only half of the revenue gains derived from the removal of the petrol subsidy in 2024. In its latest Nigeria Development Update titled “Building Momentum for Inclusive Growth,” the World Bank disclosed that of the N1.1 […]

FG hails progress in Naira-for-Crude policy, vows continued support
News

FG hails progress in Naira-for-Crude policy, vows continued support

The Federal Government has commended the renewed momentum of its naira-for-crude oil initiative, describing the policy as a strategic pillar for stabilising the naira and enhancing Nigeria’s energy independence. During a high-level meeting held in Abuja on Thursday, the Technical Sub-Committee on Crude and Refined Product Sales in Naira provided updates on the policy’s implementation. […]

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

NNPC Gas to acquire 5.2 million SCFD CNG facility

NNPC Gas Marketing Limited, a subsidiary of the Nigerian National Petroleum Company Limited is making a strategic move to expand Nigeria’s Compressed Natural Gas infrastructure by acquiring a 5.2 million standard cubic feet per day CNG compression and refueling facility from Gas Network Services Limited. A recent merger and acquisition notice from the Federal Competition […]

No plans to increase fuel price - NNPCL
featured News

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
featured

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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