Senate Committee on Public Accounts has directed the Federal Ministry of Finance to appear alongside the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to address outstanding queries in the 2021–2023 Oil and Gas Sector Audit Reports of the Nigeria Extractive Industries Transparency...
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Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing it as a landmark reform that significantly enhances Nigeria’s competitiveness for deep offshore investment and strengthens the nation’s pathway towards achieving its...
Nigerian National Petroleum Company (NNPC) Limited has defended the performance of its Group Chief Executive Officer, Bayo Ojulari, following criticism over the outcome of the recently concluded oil licensing round. In a statement issued on Saturday by the Chief Corporate Communications Officer, Andy Odeh, the national oil company said...
Nigeria National Petroleum Company (NNPC) Limited recorded ₦535 billion profit after tax for the month of June representing 15.8% increase from the ₦462bn in recorded in May. This figure is contained in the company’s monthly financial and operations report for the month of June 2026. According to the report,...
Shell Companies in Nigeria on Tuesday night hosted outgoing Executive Vice President Nigeria and Country Chair, Marno de Jong to a rousing sendforth as former Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni returns from a foreign posting to take up the role. Stakeholders...
House of Representatives Public Accounts Committee has intensified its investigation into the alleged failure of the Central Bank of Nigeria, the Nigerian National Petroleum Company Limited and other government-owned enterprises to remit operating surplus due to the Federal Government. During a hearing on Tuesday, the committee directed the Office...
Efforts to revive the long-idle Ajaokuta Steel Company Limited have received a significant boost following the signing of a 20-year Gas Supply Agreement and a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Company Limited (NNPC). The agreement, secured under the leadership of the Managing Director and Chief...
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, has called for stronger collaboration across Nigeria’s energy industry to unlock Africa’s vast energy potential, saying partnerships remain the key to driving investment, industrialisation and sustainable growth. Ojulari made the call while delivering...
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC Limited), Engr. Bashir Bayo Ojulari, delivered a keynote address at the Africa Technology Conference (ATC 2026) in Abidjan, Côte d’Ivoire. Represented by the Managing Director of NNPC Engineering & Technical Company Limited, Salahuddeen Tahir, the GCEO spoke on...
NNPC Limited has renewed its agreement with TotalEnergies to extend the deployment of the Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) technology for the detection, measurement, and reduction of methane and carbon emission across its upstream operations for another 24 months. The agreement, which is aimed at helping NNPC...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) “over its failure to account for approximately ₦5.9 billion reportedly spent on the incorporation, transition, and rebranding of NNPC into NNPCL.” The NNPC reportedly paid N2.9 billion for incorporation expenses from...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) through the Industry Wide Security Architecture (IWSA) and Nigerian Pipelines & Storage Company (NPSC) in collaboration with the Office of the National Security Adviser (ONSA) Special Prosecution Team (SPT), the Federal Capital Territory (FCT) Police Command, the Nigerian Army and other...
Last week, the Group Chief Executive Officer of Nigeria National Petroleum Company (NNPC) Ltd., Engr. Bashir Bayo Ojulari, received in audience the President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Dr. George Elombi, at the NNPC Towers, Abuja. NNPC Ltd. set out its...
A coalition of civil society organisations and stakeholders in Nigeria’s oil and gas sector has announced plans to stage a three-day peaceful protest against the continued importation of petroleum products into the country despite the presence of local refining capacity. The protest, scheduled to hold from May 18 to...
Nigerian National Petroleum Company (NNPC) Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and operation of the Port...
The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the...
Nigerian National Petroleum Company (NNPC) Limited has alerted the public to the circulation of misleading and false information suggesting that the Company is selling scrap materials, equipment, or components from its refineries to individuals and private companies. A statement issued on Friday in Abuja by the Chief Corporate Communications...
NNPC Foundation Limited/Gte, the Corporate Social Responsibility (CSR) arm of NNPC Ltd. has won the CSR Champion Award (Health) 2025 instituted by the Independent Newspapers. The award was presented during the Silver Jubilee edition of the Independent Newspapers Awards, themed “Game Changers: Breaking Barriers and Shaping Tomorrow,” held at...
Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, on Wednesday paid a visit to the United Arab Emirates (UAE) Ambassador to Nigeria, H.E. Salem Saeed Al Shamsi, at the UAE Embassy. The meeting highlighted the existing strong bilateral energy ties between Nigeria...
NNPC Limited’s Chief Financial Officer (CFO), Adedapo Segun, has headlined a panel session at the Society of Petroleum Engineers (SPE) 2026 Oloibiri Lecture and Energy Forum (OLEF) held in Abuja, Nigeria, themed “Capital Allocation beyond Brownfield vs. Greenfield: Data-driven investment decisions.” In his remarks, Segun, who was represented by...