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Tag: NNPCL

Oil and Gas

NNPCL reports ₦2.68tn revenue despite oil production drop

The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks. According to The PUNCH, the company reported a 4.2 per cent increase in revenue for its […]

Business

Oil sector reforms attract $24bn new capital – NNPCL

NNPC Limited has said recent reforms in the oil and gas sector have attracted over $24 billion in new investments, with an additional $10 billion currently in the pipeline, as Nigeria pushes toward its three million barrels per day production target. The Group Chief Executive Officer, Bayo Ojulari, disclosed this on Thursday at the 2026 […]

Oil and Gas

Oil sector reforms have attracted $24bn investments — NNPCL

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target. The Group Chief Executive Officer of NNPC Ltd, Bayo […]

Business

NNPC ships first Cawthorne blend cargo to international market

The Nigerian National Petroleum Company Limited has achieved a significant milestone with the export of 950,000 barrels of Cawthorne blend crude to the international market via the state-of-the-art FSO Cawthorne vessel, Nigeria’s first newly established crude oil terminal in five decades. In a statement, Sahara Group said the development confirms earlier reports on the export […]

Oil and Gas

NNPCL targets 600tn cubic feet gas reserves expansion

The Nigerian National Petroleum Company Limited has announced plans to increase the country’s gas reserves from the current 210 trillion cubic feet to about 600 trillion cubic feet. The company also revealed ongoing efforts to attract approximately $60 billion in investments into Nigeria’s gas sector as part of its broader expansion strategy. The disclosure was […]

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 […]

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