News
Brent Crude Price Hits $110, Threatens Nigeria Petrol Relief
LAGOS, Nigeria — The Brent crude price rose to $110 per barrel on Friday, its first time at that level since May, as renewed attacks on energy infrastructure…
NNPC
Business
NNPC deploys ₦22 trillion in 2025, royalties gulp ₦11.6 trillion
NNPC Group spent ₦22 trillion in 2025 comprising ₦11.56 trillion royalties, ₦6.46 trillion spent on oil and gas properties and ₦4 trillion paid as dividends for the year,…
Business
Crude oil generated 74% of NNPC’s ₦34.5 trillion revenue in 2025
Crude oil generated about 74% of the Nigerian National Petroleum Company Limited’s (NNPC Ltd.) ₦34.52 trillion revenue in 2025, reinforcing its position as the state-owned energy company’s largest…
News
Senate Orders Arrest Of Ex-NNPC Boss Mele Kyari Over Missing N210 Trillion
The Senate has directed security agencies to arrest the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. The Senate Committee on…
Business
Dangote Rejects NNPC’s Offer To Increase Stake In Refinery
The President of the Dangote Group, Aliko Dangote, has revealed that he rejected offer by the Nigerian National Petroleum Company (NNPC) Limited to increase its ownership in the…
News
Nigerians Reacts As Senate Summons NNPCL Ex-Bosses Over Unaccounted N210 Trillion
The Senate Committee on Public Accounts has asked former Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, to appear before it over…
News
NNPCL Blames PENGASSAN Strike As Cooking Gas Price Hits N3,000 Per Kg
The Nigerian National Petroleum Company Limited (NNPCL) has explained that the current scarcity and surge in the price of cooking gas were caused by disruptions during the recent…
News
PENGASSAN Shuts Down NNPCL, NMDPRA, NUPRC As Nationwide Strike Begins
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday blocked the entrances of the Nigerian National Petroleum Company Limited (NNPCL) in Abuja,…
News
How NNPC Made N1trn Profit In Eight Months But Remitted Nothing To Federation Account
The Federation Account Allocation Committee (FAAC) has revealed that the Nigerian National Petroleum Company (NNPC) Limited earned about N1.06 trillion from production sharing contract (PSC) profit oil between January…
News
NNPCL Appoints Andy Odeh As Spokesman, Morenike Adewunmi As Relations Officer
The Nigerian National Petroleum Company Limited (NNPCL) has appointed Andy Odeh as its new Chief Corporate Communications Officer and Morenike Adewunmi as Chief Relations Officer. Andy Odeh takes…
News
Court Freezes Bank Accounts Linked To Former NNPCL Boss, Mele Kyari
A Federal High Court in Abuja has ordered the temporary freeze of four bank accounts belonging to former Group Managing Director of the Nigerian National Petroleum Company Limited…
News
EFCC Chairman Ola Olukoyede Denies Forcing NNPC Boss, Bayo Ojulari To Resign
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has denied reports claiming he forced the CEO of the Nigerian National Petroleum Company Limited (NNPCL),…
News
EFCC Arrests Former NNPCL Top Officials Over Alleged $7.2bn Fraud
The Economic and Financial Crimes Commission (EFCC) has arrested Umar Isa, the former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), over alleged fraud…
News
NNPC Hikes Petrol Price To N915 Per Litre In Lagos, N945 In Abuja
The Nigerian National Petroleum Company (NNPC) Limited has increased the price of petrol to N915 per litre in Lagos and N945 per litre in Abuja. This marks a…
News
NNPCL Spokesperson Olufemi Soneye Resigns
Olufemi Soneye has resigned from his role as the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL). He made the announcement on Saturday via…
News
NNPCL Shuts Down Operations At Port Harcourt Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the Port Harcourt Refining Company (PHRC) will be temporarily closed for maintenance starting Saturday, May 24, 2025. In…