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Tag: NNPCL

NNPCL reports N2.69trn in tax expenses for 2023
Oil and Gas

NNPCL pledges gas supply to Portland mini-LNG project in Abuja

The Nigerian National Petroleum Company Limited has expressed support for a Mini-LNG and LCNG project being developed by Portland Gas Limited in Gwagwalada, Abuja. NNPCL said it would supply gas to the facility from the Ajaokuta–Kaduna–Kano Gas Pipeline when the pipeline is completed and inaugurated in July. The Executive Vice President, Gas, Power and New […]

Oil and Gas

Tinubu’s order stops NNPCL’s ₦2.1tn four-year deductions

President Bola Tinubu’s executive order has halted deductions by the Nigerian National Petroleum Company Limited for management fees and the Frontier Exploration Fund, stopping revenue streams that totaled about N2.076 trillion over four years, according to investigations by The PUNCH. An analysis of monthly earnings submitted to the Federation Account Allocation Committee, obtained by the […]

Business

Nigeria to export new light crude in March – NNPCL

Nigeria will start exporting a new light, sweet crude grade called Cawthorne in March, the Nigerian National Petroleum Company Limited has announced. A company spokesperson confirmed to Reuters on Tuesday that the move aims to boost oil production and reinforce Nigeria’s recent recovery in output. The launch of Cawthorne is also expected to strengthen the […]

Oil and Gas

NNPC partners Chinese firms to develop gas infrastructure

The Nigerian National Petroleum Company Limited has entered into a tripartite Memorandum of Understanding with China Gas Holdings Limited and Peiyang Chemical Singapore PTE Ltd., setting the stage for coordinated collaboration across key sectors of Nigeria’s natural gas value chain. The Managing Director of PCCS, Tim Tian, made this disclosure in a statement on Sunday, […]

Business

NNPC remitted N14.7tn to FG in 2025 – Report

The Nigerian National Petroleum Company Limited remitted a total of N14.706 trillion in statutory payments to the Federal Government between January and December 2025. This was disclosed in the company’s Monthly Report Summary for December 2025. According to the report, NNPC Ltd generated N60.5 trillion in total revenue for the year and posted a profit […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Oil and Gas

SERAP sues NNPCL over missing ₦22.3bn oil funds

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for missing or diverted oil funds totaling ₦22.3 billion, $49.7 million, £14.3 million, and €5.2 million. The suit follows allegations contained in the 2022 audited report by the Auditor-General of the Federation, […]

Business

NNPC launches gas master plan 2026 to drive industrialisation

The Nigerian National Petroleum Company Limited has launched its Gas Master Plan 2026, aiming to achieve 10 billion cubic feet of daily gas production to boost industrialisation and enhance Nigeria’s energy security. The plan was disclosed in a statement bythe company’s Chief Corporate Communications Officer, Andy Odeh, on Friday. According to the statement, the initiative […]

Oil and Gas

NNPCL unveils NGMP 2026 to drive gas industrialisation

The Nigerian National Petroleum Company Limited on Friday unveiled its Gas Master Plan 2026, tagged NGMP 2026, in a renewed effort to reposition Nigeria’s gas sector as the foundation for industrialisation, energy security, and sustainable economic growth. The unveiling ceremony occurred at the NNPC Towers in Abuja on Friday. Industry stakeholders described the event as […]

featured Scams

How Alison-Madueke spent £2m NNPCL contract bribe in UK luxury store

British prosecutors on Wednesday told a London court that former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, lavished more than £2m (N4bn) at Harrods, allegedly using funds provided by oil executives who benefited from lucrative contracts with the Nigerian National Petroleum Company Limited. According to The PUNCH, the prosecution said founders of energy companies awarded […]

Business

NNPC raises petrol price to N835 in Lagos

NNPC Limited has raised the pump price of petrol to N835 per litre in Lagos and N839 per litre in Abuja. On Wednesday, it was reported that NNPC Limited implemented the price adjustment across its retail outlets in the Federal Capital Territory. The company also raised the pump price in Lagos by N50, from N785 […]

Business

NNPC, Chevron complete Awodi-07 appraisal, exploration well

The Nigerian National Petroleum Company Limited has announced that Chevron Nigeria Limited, the operator of the NNPC/CNL joint venture, has successfully completed the Awodi-07 appraisal and exploration well. In a statement on Monday, NNPC spokesperson Andy Odeh said the well is situated in the shallow offshore region of the western Niger Delta. “The Awodi-07 well […]

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