An aide to former Vice President Atiku Abubakar, Paul Ibe, has challenged the Federal Government’s explanation that its petrol discount programme through NNPC Retail does not involve public money. In a statement addressed to the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, Ibe...
NNPC Ltd
Nigerian National Petroleum Company Limited (NNPC Ltd) remitted a total of N7.91 trillion to the Federation Account between January and July 2026, despite a decline in crude oil and condensate production in July. The figure was contained in the company’s July 2026 operational and financial performance report released on...
Nigeria National Petroleum Company (NNPC) Limited held the 2026 Energy Business Development Forum on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, where it unveiled business prospects and opportunities on the project, before investors and energy operators in Minna, Niger State, on Thursday. The event, held at the Government House, Minna, was...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPCL) over its “failure to explain and account for ₦211 trillion in oil money recorded in its 2023 audited financial statements as ‘Sundry Receivables’ and ‘Accrued Expenses.’” NNPCL reportedly recorded over ₦211 trillion...
Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) Limited, Engr. Bashir Bayo Ojulari, recently received in audience the Group Chief Executive of Standard Chartered PLC, Bill Winters, at the NNPC Towers in Abuja. Discussions centred on financing opportunities for NNPC Ltd.’s growth plans and its repositioning...
At just 50, Matthew Tonlagha’s life has orbited the full cycle of human accomplishments. From general welfare, education support, healthcare provision, community development, youth empowerment, job and wealth creation, and security of lives and physical infrastructure. In case, you don’t know him, Tonlagha is the Chairman of Maton Engineering...
Nigerian National Petroleum Company (NNPC) Limited has posted improved operational and financial performance in its Monthly Report Summary for March 2026, highlighting steady growth in oil and gas output alongside a sharp increase in profit. According to the report released on Monday, crude oil and condensate production climbed to...
The viral claim that ₦210 trillion vanished from NNPCL between 2017 and 2023 doesn’t pass the market-woman test, a youth accountability group says. Now they’re asking the Senate to prove it — or pull it. In a statement Friday, signed by Mr Johnson Momodu for the Fiscal Accountability Committee...
NNPC Ltd, Dangote Group forge strategic alliance to accelerate Nigeria’s energy security, prosperity
NNPC Ltd, Dangote Group forge strategic alliance to accelerate Nigeria’s energy security, prosperity
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies. The visit, which...
Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has identified shared infrastructure, policy alignment, coordinated investment frameworks, cross-border knowledge and technology exchange, integrated gas market development, and sustained regional diplomacy among National Oil Companies (NOCs) as key pillars for securing Africa’s energy future. Ojulari disclosed this...
President Bola Tinubu has congratulated the chairman of the board of NNPC Limited, Ahmadu Musa Kida, on his 65th birthday on February 3. The President in a statement by his spokesman, Bayo Onanuga, celebrated Kida’s sterling career in the public and private sectors, as well as his engagement with...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for the alleged missing or diverted N22.3 billion, USD$49.7 million, £14.3 million and €5.2 million oil money.” The suit followed the damning allegations documented in the...
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed its call on the Federal Government to privatize Nigeria’s four state-owned refineries operated by the Nigerian National Petroleum Company Limited (NNPCL), urging that the process be transparently concluded by the first quarter of 2026. In a statement, PETROAN’s...
On December 1st, 2025, NNPC E&P Limited (NEPL), the flagship upstream subsidiary of NNPC Limited, achieved a record production level of 355,000 barrels of oil per day, its highest daily output since 1989. The milestone marks a significant step forward for Nigeria’s upstream sector and reflects the company’s ongoing...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly debunked claims that it is holding back the Frontier Exploration Fund (FEF) meant for the Nigerian National Petroleum Company Limited (NNPC Ltd.), insisting that all approved funds have already been released. In a detailed statement on Wednesday, the Commission’s Head of...
House of Representatives has laid down a firm ultimatum in its ongoing investigation into the Naira-for-Crude Oil Policy, giving all involved stakeholders seven days—until Nov. 27—to submit their outstanding documents. The directive came from the Chairman of the Ad hoc Committee on Implementation and Oversight of the policy, Rep....
Former Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Femi Soneye, has called on the Federal Government to support the Nigerian media with targeted incentives, including tax reliefs and import duty waivers on essential media tools. Soneye made the appeal in Abuja on...
Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, has dismissed insinuations in certain media circles that he was “abducted and forced to resign” by security officials. Describing the story carried by an online news platform as nothing more than a poorly scripted work...
By CALLISTUS OFFOR, Abuja – In a strategic push to strengthen its footprint in Nigeria’s gas marketing and distribution value chain, NNPC Gas Marketing Limited (NGML) has signed a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited, enabling the delivery of up to 44 MMscf/d...
The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to launch a comprehensive investigation into the state of Nigeria’s refinery rehabilitation projects. This resolution followed a special session and after reviewing numerous petitions and complaints from the general public over the matter. Chairman of the committee, Hon....