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Tag: NNPCL

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 […]

Chevron, Tethys partner to produce local lubricants
Oil and Gas

NNPC congratulates Chevron on oil well completion in N’Delta

The Nigerian National Petroleum Company Limited has congratulated Chevron Nigeria Limited on the successful completion of the Awodi-07 appraisal and exploration well in the shallow offshore western Niger Delta. Chevron Nigeria Limited operates the asset under the NNPC Ltd/CNL Joint Venture. The Awodi-07 well was drilled as part of the Joint Venture’s efforts to further […]

featured

NNPCL boss Ojulari pledges purpose-driven leadership

The Group Chief Executive Officer of NNPC Limited, Mr. Bashir Bayo Ojulari, says the company is entering 2026 with a renewed commitment to collaboration and purpose, focused on deepening unity, accountability, and shared responsibility across the organisation. Ojulari stated this in his New Year message to NNPC Limited staff titled “We Achieved: We Drive the […]

Opinion

ADC accuses Tinubu of illegal NNPCL debt cancellation

The African Democratic Congress has accused President Bola Ahmed Tinubu of unlawfully approving the cancellation of legacy debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, warning that the move violates constitutional provisions and deprives states and local governments of revenues legally due to them. The party made the allegation in […]

Oil and Gas

Agbese hails Tinubu, Ojulari over historic NNPCL debt relief

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has commended President Bola Tinubu for approving the cancellation of huge legacy debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, describing the decision as a strong affirmation of the transparent and reform-driven leadership of the NNPCL Group Chief Executive […]

Oil and Gas

NNPCL posts N502bn profit as petrol prices fall

The Nigerian National Petroleum Company Limited posted a profit after tax of N502bn in November 2025, extending its profitability run even as crude oil and condensate production declined during the period. The strong financial showing came as the state-owned energy company entered an intensifying price war in the downstream petroleum sector by cutting the pump […]

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

Experts differ over NNPCL’s planned oil asset sale

Energy industry experts and stakeholders have expressed divergent views over reported plans by the Nigerian National Petroleum Company Limited to divest its stakes in multinational oil firms operating across the country. Earlier, Reuters reported that NNPC Limited is planning to sell stakes in some of its oil and gas assets and has already invited bids, […]

Trans-Niger pipeline resumes operations after blast
featured Oil and Gas

NNPCL restores Escravos–Lagos gas pipeline after explosion

The Nigerian National Petroleum Company Limited has restored the Escravos–Lagos Pipeline System to full operations, weeks after an explosion disrupted gas supply along the strategic pipeline corridor in Delta State. The national oil company announced on Monday that the pipeline, which suffered an unexpected explosion on December 10, 2025, has been successfully repaired, tested and […]

Business

NNPCL to sell stakes in key oil, gas assets

The Nigerian National Petroleum Company Limited is set to sell stakes in select oil and gas assets and has opened the process to interested bidders. The General Secretary of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Jerry Amah, confirmed the development to on Monday. Reuters, which first reported the news, noted that […]

Oil and Gas

Tinubu writes off $1.42bn, N5.57tn NNPCL debts

President Bola Tinubu has approved the cancellation of a large portion of the debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, wiping off about $1.42bn and N5.57tn following a reconciliation of records between both parties. The approval is contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission […]

Business

NNPCL completes AKK pipeline, boosting gas supply

NNPC Limited has completed the main pipeline of the Ajaokuta–Kaduna–Kano gas project, a significant milestone in expanding gas supply to northern Nigeria. The Group Chief Executive Officer, Bayo Ojulari, disclosed this on Sunday after meeting with President Bola Tinubu in Lagos. Ojulari said the milestone paves the way for the next phase of the project, […]

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