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Nigeria’s capital inflows jump 88.5% amid reforms

Finance

Court orders final forfeiture of $13m linked to Lagos

featured News

Crude-for-naira: Dangote refinery gets only five of 15 cargoes,

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

Banking

Tag: NNPCL

Dangote Refinery's polypropylene to enter market
Oil and Gas

NNPCL, Dangote Refinery sign new crude supply deal

The Nigerian National Petroleum Company Limited has signed a new two-year crude supply agreement with the Dangote Petroleum Refinery, ensuring a steady supply of crude to the 650,000-barrel-per-day refinery located in Lekki, Lagos. This deal aligns with the Federal Government’s determination to supply more crude to the facility, especially in naira. According to the Chief […]

Oil and Gas

NNPCL reports 91.3% increase in monthly profit to N539bn

The Nigerian National Petroleum Company Limited has reported a significant increase in its monthly profit, rising by 91.3 per cent to N539 billion in August 2025, up from N185 billion recorded in July. According to the company’s Monthly Report Summary for August 2025, NNPCL’s revenue also increased to N4.655 trillion, compared to N4.406 trillion in […]

featured

Top up fuel payment or request refund, NNPC tells marketers

The Nigerian National Petroleum Company Limited has urged petroleum marketers who applied to buy fuel via its online portal to adjust their payments to reflect current prices, warning that failure to do so may lead to the forfeiture of their allocations. NNPC spokesperson Andy Odeh said that marketers unable to meet the revised ex-depot rates […]

Business

NNPC MD appointed Nigeria’s representative to OPEC

The Nigerian National Petroleum Corporation Limited has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries. In a statement posted on its official X handle on Wednesday, NNPC described the appointment as a significant step in advancing Nigeria’s interests within the global oil producers’ group. “We […]

featured News

JUST IN: EFCC grants ex-NNPCL boss Kyari bail

The Economic and Financial Crimes Commission has granted administrative bail to the former group chief executive officer of the Nigerian National Petroleum Company limited, Mele Kyari. Mele Kyari on wednesday honoured an invitation by EFCC over an alleged $7.2 billion dollar fraud during his tenure as the boss of the nation’s oil company. Kyari was […]

Business

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 […]

Scams

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 […]

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