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Tag: NNPCL

featured Oil and Gas

Dangote Refinery suffers 79 million barrels crude supply shortage — Report

The ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a crude oil supply shortfall of approximately 79.53 million barrels between October 2025 and mid-March 2026, according to findings by The PUNCH. Data obtained from an impeccable senior management source within the refinery indicated […]

Business

NNPC boosts crude supply to Dangote refinery as brent hits $108

The Nigerian National Petroleum Company Limited has stepped up efforts to maintain a steady supply of crude oil to the Dangote Petroleum Refinery, aiming to stabilise fuel availability nationwide, particularly as Brent crude rises to $108 per barrel. The move comes amid increased volatility in the global oil market driven by Middle East tensions and […]

featured Finance

Professionals dismiss ₦210tn missing funds claim in NNPCL accounts

A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts of the Nigerian National Petroleum Company Limited. Addressing journalists on Thursday, The PUNCH reported that ASF National Coordinator Usman Hamza described the claim as “mathematically impossible” and politically motivated. The group’s position responds to a […]

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 […]

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