KEY POINTS The Nigerian Presidency is weighing significant changes to the ownership structure of the Nigerian National Petroleum Company Limited, NNPC, as concerns mount over the state firm’s limited contribution …
NNPC
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KEY POINTS The Dangote Petroleum Refinery has withdrawn its N100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Company (NNPC) Limited, …
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KEY POINTS The Socio-Economic Rights and Accountability Project (SERAP) has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, Mr Bayo Bashir Ojulari, to …
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KEY POINTS The Nigerian National Petroleum Company, NNPCL, has posted a total revenue of N4.27 trillion and a profit after tax of N216 billion for September 2025, underscoring a steady …
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KEY POINTS Fuel queues have returned to Nigeria’s biggest cities, Lagos and Abuja, ending months of relative stability in the country’s volatile downstream market. Motorists spent hours searching for petrol …
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KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited has tapped U.S. energy technology giant Honeywell UOP to carry out a detailed evaluation of the long-idle Port Harcourt refinery, a …
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In the NewsOil & Gas
NNPC, TotalEnergies Ink Landmark Deepwater Deal as Nigeria Opens Oil, Gas Frontier
KEY POINTS The most important deepwater oil and gas deal in over ten years was signed by Nigeria with France’s TotalEnergies and local partner South Atlantic Petroleum, Sapetro, in a …
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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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In the NewsMarketsOil & Gas
NNPC Profit Slumps Nearly 80% in July as Revenues Falter Despite Oil Gains
KEY POINTS After-tax earnings for the Nigerian National Petroleum Company Limited, NNPC, fell to ₦185 billion ($126 million) in July from ₦905 billion the month before, marking one of the …