KEY POINTS Nigeria’s National Petroleum Company Limited, NNPCL, reported strong gains in 2025, with crude oil and gas production rising above expectations, officials said. Group Chief Executive Officer Bayo Ojulari …
Bayo Ojulari
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KEY POINTS Nigeria’s state energy firm has restated its commitment to peace and dialogue in Ogoniland, describing the federal government’s renewed engagement with the oil producing area as a turning …
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In the NewsMarketsOil & Gas
Nigeria’s NNPC E&P Hits 355,000 Barrels a Day, Its Highest Output in 36 Years
KEY POINTS Nigeria’s upstream ambitions received an unexpected lift at the start of December as NNPC E&P Limited, the flagship exploration and production arm of NNPC Limited, pushed its crude …
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In the NewsMarketsOil & Gas
NNPCL Posts Record N5.4 Trillion Profit as Revenue Surges on Weaker Naira
KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has reported another year of sharp financial growth, declaring a profit after tax of N5.4 trillion for 2024, more than double …
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KEY POINTS Nigeria’s state oil company, NNPC, is again under pressure after a fresh audit by the Office of the Auditor-General of the Federation detailed more than N684 million in …
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In the NewsMarketsOil & Gas
Senate Orders NNPCL to Refund ₦210 Trillion as Nigerians Question Transparency in Oil Revenue
KEY POINTS The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited, NNPCL, to refund ₦210 trillion to the Federation Account after rejecting the company’s explanations over the unaccounted …
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KEY POINTS “The Nigerian National Petroleum Company Ltd., NNPC, is facing coordinated pushback from vested interests opposed to its sweeping transformation drive,” said Bashir Bayo Ojulari, head of Nigeria’s state …
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KEY POINTS The state oil company of Nigeria claims that it is almost ready to resume full crude flows through its export terminals and pipelines, signaling a change in a …
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KEY POINTS The head of Nigeria’s state oil company, NNPC, Bayo Ojulari has acted quickly to refute allegations that he paid bribes to President Bola Tinubu’s aides, calling the reports …