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NNPCL eyes $60b investment to expand Nigeria’s gas infrastructure

The Nigerian National Petroleum Company Limited aims to attract $60 billion in new investments over the next five to seven years to enhance the country’s gas infrastructure. NNPCL’s Group Chief Executive Officer, Bayo Ojulari, made this disclosure on Tuesday while addressing an international audience at the Gastech Exhibition and Conference in Milan, Italy. He said […]

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Ex-NNPC GM faces 25 years in US prison for bribery

Former employee of the Nigerian National Petroleum Corporation Limited, Paulinus Okoronkwo, now risks a maximum of 25 years’ imprisonment for allegedly receiving a bribe of $2.1 million from a Swiss company while in the service of the corporation. In a statement released by the United States Attorney’s Office in the Central District of California, Okoronkwo’s […]

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NNPC, others ink gas supply agreements with NLNG

The Nigerian National Petroleum Company Limited and five other upstream gas producers have finalized long-term Gas Supply Agreements with Nigeria Liquefied Natural Gas Limited to supply 1.29 billion standard cubic feet of feedgas per day. In separate statements on Friday, NLNG and NNPC confirmed that the agreements, which include options for extension, were signed with […]

Business

NNPC subsidiary expands fleet beyond 160,000 cubic meters

WAGL Energy Limited, a joint venture between NNPC Limited and Sahara Group, has expanded its fleet capacity to over 160,000 cubic meters. In a statement on X (formerly Twitter) on Monday, NNPC said the move reinforces WAGL Energy’s role as a leading supplier of Liquefied Petroleum Gas in Africa. The company noted that the expansion […]

Business

NNPCL drills four oil wells in Bauchi’s Kolmani field

The Nigerian National Petroleum Company Limited has drilled four oil wells in the Kolmani area of Bauchi State, reinforcing its push to expand oil and gas exploration in northern Nigeria. This development represents a key milestone in unlocking the region’s hydrocarbon resources and aligns with broader national objectives to strengthen energy security and infrastructure. NNPCL […]

Oil and Gas

NNPCL rules out sale of P’Harcourt refinery

The Nigerian National Petroleum Company Limited has ruled out selling the Port Harcourt Refining Company, reaffirming its commitment to completing the plant’s rehabilitation and retaining ownership. Group Chief Executive Officer, Bashir Ojulari, made the disclosure during a town hall meeting on Tuesday at the NNPCL Towers in Abuja. Ojulari clarified that the decision is not […]

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

NNPCL yet to account for N210tn flagged in audit – senate

The Nigerian Senate has raised concerns that the Nigerian National Petroleum Company Limited has yet to provide a full account of N210 trillion cited in the 2017–2023 audit report by the Office of the Auditor-General for the Federation. The Chairman of the Senate Committee on Public Accounts, Senator Aliyu Wadada, made the disclosure on Thursday […]

FG plans naira payment for local gas operators
Oil and Gas

Nigeria’s gas output dips slightly in May – NNPCL

The Nigerian National Petroleum Company Limited has reported a slight decline in the country’s gas production, which fell to 7.352 billion standard cubic feet per day in May 2025, down from 7.354 billion bscfd in April. According to NNPC’s latest Monthly Report Summary released on Monday, gas sales also dropped marginally, from 4.240 billion bscfd […]

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NNPC alleges coordinated plot against its leadership

The Nigerian National Petroleum Company Limited says it has uncovered a coordinated sabotage campaign by a syndicate aiming to undermine its leadership. In a statement issued Friday, NNPC management alleged that the group—comprising individuals both within and outside the organisation—is threatened by its anti-corruption reforms and is spreading false reports to discredit the company. The […]

NNPCL sets fuel price above N1000 per litre
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NNPC retail stations hike petrol price to ₦945 per litre 

The Nigerian National Petroleum Company Limited has increased petrol prices at its retail outlets, with Premium Motor Spirit now costing ₦945 per litre in the Federal Capital Territory and ₦915 per litre in Lagos. This reflects a ₦35 hike in Abuja (from ₦910) and a ₦45 hike in Lagos (from ₦870). The adjustment follows Dangote […]

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NNPCL, Mele Kyari deny wrongdoing in Tantita pipeline contract award

The Nigerian National Petroleum Company Limited, its former CEO Mele Kyari, and others have filed a counter-affidavit denying allegations by the Incorporated Trustees of the AGIP Indigenous Contractors Association and others, who accused them of unlawfully awarding a pipeline surveillance contract to Tantita Security Services Limited in the Niger Delta. This was disclosed in a […]

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