Nigerian National Petroleum Company (NNPC) Limited has announced a Profit After Tax of ₦7.2 trillion for the 2025 financial year, a 33 per cent increase over the previous year, as the company also declared a dividend of ₦5.8 trillion. The Group Chief Executive Officer of NNPC Limited, Bashir Ojulari,...
NNPCL
Step by step, Nigeria’s crude oil output is climbing. And for the first time in as many years, it has edged past the OPEC quota of 1.5 million barrels per day. Analysts point to the efforts of Tantita Security Services as chief reason for the rising volume in crude...
President of the Dangote Group, Aliko Dangote, has disclosed that the company rejected attempts by the Nigerian National Petroleum Company Limited to acquire additional shares in the Dangote Petroleum Refinery, insisting that more Nigerians should have the opportunity to own part of the facility through a planned public listing....
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has bagged the Vanguard Newspapers’ 2025 Energy Innovation and Reform Icon of the Year Award. The award, which celebrates Nigerians making notable impacts across various fields, was received on his behalf by the company’s Executive Vice President, Business...
As a part of ongoing efforts to reposition Nigeria’s gas sector as the engine room of national industrialisation, energy security, and sustainable economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, tagged NGMP 2026. This was disclosed in a...
Federal High Court in Abuja has shifted the hearing of the ₦100 billion lawsuit filed by Dangote Petroleum Refinery and Petrochemicals FZE against the Nigerian National Petroleum Company Limited (NNPCL) and several oil marketers to November 5, 2025. The case, which centers on a dispute over the issuance of...
Nigerian National Petroleum Company Limited (NNPC Ltd.) has described the federal government’s re-entry into Ogoniland as a defining moment for Nigeria—marking not only a return to oil operations but also a powerful symbol of healing, justice, and national unity. Speaking at the presentation of the Ogoni Consultations Report at...
Justice Emeka Nwite of the Federal High Court in Abuja has handed over the Economic and Financial Crimes Commission’s (EFCC) money laundering case against Mele Kyari to the court registry for reassignment. Kyari, the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), is under investigation...
Niger Delta Ethnic Nationalities Youth Leaders Forum has temporarily halted its planned protest against the Nigerian National Petroleum Company Limited (NNPCL) to pursue dialogue, following interventions by key oil and gas sector stakeholders aimed at maintaining peace in the region. Speaking at a press conference in Abuja on Friday,...
Members of the Niger Delta Ethnic Nationalities Youth Leaders Forum (NDENYLF) on Wednesday staged a bold demonstration at the Nigerian National Petroleum Company Limited (NNPC Ltd.) headquarters in Abuja, accusing the company of corrupt practices and the wrongful dismissal of Niger Delta directors. The protesters called for the immediate...
By MBAFAN ADE, Abuja – Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day (bscf/d) of Feedgas. The 20-year agreements,...
By EZEKIEL OBI, Abuja- A Coalition of Civil society Organisations (CSOs) on Friday asked traducers to allow the Nigeria National Petroleum Company Ltd, (NNPCL) Group Managing Director, Bashir Bayo Ojulari and his management have a breath of fresh air. Addressing a press briefing in Abuja, Director General of the...
Federal Government requires ₦3 trillion to complete road projects awarded under the Nigeria National Petroleum Company Limited (NNPCL) tax credit scheme. Minister of Works, David Umahi disclosed this on Wednesday in Abuja while briefing newsmen. Following NNPCL’s decision to halt funding from August 1, President Bola Tinubu directed the...
The confusion that has engulfed the Nigerian National Petroleum Company Limited [NNPCL] in recent days has become so enervating that one wonders how long the debacle will persist. Surely, there must be an end to the chaos that now defines the administration of Nigeria’s oil crown jewel. To say...
Nigerian National Petroleum Company Ltd (NNPCL) has announced a major breakthrough in its oil exploration efforts in the northern region of Nigeria. According to a Director at NNPCL, Mr. Yusuf Usman, the company has successfully drilled four oil wells in the Kolmani area of Bauchi State. This development underscores...
By JOY ADARA, Abuja- Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at...
By OLA MODUPE, Lagos- ExxonMobil has named Jagir Baxi as the new Chairman, Managing Director, and Lead Country Manager for its Nigerian affiliates, including Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Offshore East) Limited, succeeding Shane Harris. With extensive experience in global energy operations,...
By OLA MODUPE, Lagos – NNPC/Heirs Energies Joint Venture has introduced the OML 17 University Scholarship Programme (USP) to foster educational growth in its host communities. The program is managed by the OML 17 Host Communities Development Trust (HCDT). In a statement released on Sunday in Lagos, Osa Igiehon,...
By JOY ADARA, Abuja- 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 and explain the whereabouts of the alleged missing N825bn and $2.5bn meant for ‘refinery rehabilitation’ and other oil revenues.” The suit...
By OFFOR CALLISTUS, Abuja- The Nigerian National Petroleum Company Limited (NNPC Ltd.) has uncovered a coordinated sabotage campaign orchestrated by a group of known and faceless actors. These individuals according to the NNPCL are spreading false information and lies to discredit the company’s leadership and undermine its ongoing transformation...