Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive, Mallam Rabiu Abdullahi Umar, has reaffirmed the Authority’s commitment to strengthening strategic collaboration with the Nigerian National Petroleum Company (NNPC) Limited to enhance operational efficiency and advance the growth of Nigeria’s petroleum industry. Mallam Umar made this commitment during...
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Minister of Information and National Orientation, Mohammed Idris, has defended the Federal Government’s economic reforms and measures to cushion the impact of rising petrol prices, assuring Nigerians that the administration of President Bola Ahmed Tinubu remains committed to improving living conditions and sustaining economic recovery. Idris spoke during an...
The Federal Government’s announcement that the Nigerian National Petroleum Company (NNPC) Retail will temporarily forgo its petrol retail profit margin and sell fuel at cost has reopened one of Nigeria’s most contentious economic and political debates: Is petrol subsidy gradually returning? The government has been categorical that it is...
Nigerian National Petroleum Company (NNPC) Limited has announced that its N66 per litre petrol discount will continue until October 31, stressing that the initiative is a temporary relief measure and not a return to the fuel subsidy regime. The company said the extension is part of efforts to support...
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail is not a return of the fuel subsidy regime abolished by the Federal Government in 2023. Oyedele explained that the discount...
Nigerians have raised questions about the economic benefits of NNPC Retail’s 30-day petrol price discount, expressing concerns over whether the intervention will translate into lower transportation costs and meaningful relief for households already struggling with high living expenses. The concerns come amid a debate over whether the Nigerian National...
Nigerian National Petroleum Company (NNPC) Limited will forgo its petrol retail profit margin for 30 days and sell fuel at cost as the Federal Government introduces fresh measures to ease the impact of rising petrol prices on Nigerian households. The decision, backed by President Bola Ahmed Tinubu, is aimed...
Nigeria’s national oil company, NNPC Limited, has announced a Profit After Tax of ₦7.2 trillion for the 2025 financial year, representing a 33 per cent increase from the ₦5.4 trillion recorded in 2024. The company also declared a record dividend of ₦5.8 trillion for shareholders after its Annual General...
Nigerian National Petroleum Company Limited (NNPC Ltd.) has distanced itself from a truck intercepted by the National Drug Law Enforcement Agency (NDLEA) in Ondo State with 2,145 kilograms of cannabis allegedly concealed in a hidden compartment. The company also praised the anti-narcotics agency for what it described as its...
Nigerian National Petroleum Company Limited (NNPC Ltd), and the OML 118 Contractor Parties — Shell Nigeria Exploration and Production Company Limited (SNEPCo), Esso Exploration and Production Nigeria (Deepwater) Limited, and Nigerian Agip Exploration Limited (NAE) — has executed the Addendum to the OML 118 Production Sharing Contract (PSC) and...
The Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) has continued to impact lives across Nigeria with more than 10,000 people benefitting from outreaches since its inception in 2022. The latest outreach holds this week in Badagry...
NNPC Foundation Ltd/Gte., the Corporate Social Responsibility (CSR) arm of NNPC Ltd., in partnership with the National Youth Service Corps (NYSC), has continued its nationwide Financial Literacy Programme aimed at equipping young Nigerians with essential financial management and entrepreneurial skills. Speaking during the Batch B, Stream 2 of the...
Nigerian National Petroleum Company (NNPC) Limited has congratulated its Lead Drilling and Completion Engineer at the NNPC Upstream Investment Management Services (NUIMS), Ugochi Akwiwu, on receiving the Society of Petroleum Engineers (SPE) Outstanding Leadership and Service Award. Akwiwu was presented with the prestigious honour during the Society’s Nigeria Annual...
ADC demands probe of NNPC’s ₦7.13tn energy security spending, seeks full disclosure from Tinubu Govt
ADC demands probe of NNPC’s ₦7.13tn energy security spending, seeks full disclosure from Tinubu Govt
African Democratic Congress (ADC) has called on President Bola Ahmed Tinubu, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and the National Assembly to disclose the full details of the company’s energy security spending, following the release of its audited 2024 financial statements. The opposition party said the figures...
Senate Committee on Public Accounts has ordered the arrest of former Nigerian National Petroleum Company Limited (NNPCL) Group Chief Executive Officer, Mele Kyari, over allegations of unaccounted funds linked to the company’s operations between 2017 and 2023. The directive was issued after Kyari failed to appear before the committee...
Economic and Financial Crimes Commission (EFCC) on Monday, May 18, 2026, secured a final forfeiture order of a Hawker private Jet 125 before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja over its link to fraud, corruption and money laundering regarding the Maiduguri Emergency Power Project (MEPP)....
NNPC Foundation, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., has commissioned and handed over a fully installed 1.5 Tesla Magnetic Resonance Imaging (MRI) System to the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, Anambra State. The intervention, which is in furtherance of NNPC Ltd’s commitment to improving...
At the ongoing Africa CEO Forum in Kigali themed “Scale or Fail: Why Africa Must Embrace Shared Ownership,” NNPC Ltd’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, yesterday joined global CEOs on the African Oil and Gas Coalition’s Strategic Roundtable to discuss the topic ‘Gas without...
NNPC Limited women have headlined the 2026 edition of the Ascent Top 100 Career Women in Africa Awards, as the Executive Vice President, Business Services, Sophia Mbakwe, and two other women from the Company were celebrated in Lagos, yesterday, alongside other exceptional female leaders from across the continent. In...
NNPC Limited, through its Research, Technology and Innovation (RTI) Division, in collaboration with the Petroleum Technology Development Fund (PTDF), today signed a Memorandum of Understanding (MoU) with Sonatrach, the Algerian National Oil Company, for cooperation in research, development and innovation. This is contained in a statement issued on Wednesday...