KEY POINTS Petroleum marketers in Nigeria have hinted that petrol prices may drop soon, following fresh efforts by the Nigerian National Petroleum Company Limited, NNPCL, to restart key local refineries. …
NNPCL
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KEY POINTS The Nigerian Senate, through its Public Accounts Committee (PAC), has issued a firm directive to the Nigerian National Petroleum Company Limited, NNPCL, to account for N210 trillion flagged …
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KEY POINTS Officials of the Dangote Petroleum Refinery have denied reports that the Nigerian National Petroleum Company Limited allocated seven crude oil cargoes to the facility for May, stating that …
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KEY POINTS The deputy spokesperson of the House of Representatives, Philip Agbese, has defended the Nigerian National Petroleum Company Limited’s, NNPCL, 7.25 percent equity in the Dangote Refinery. He described …
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KEY POINTS Aliko Dangote, president of Dangote Group, has announced that Nigerians will soon be able to buy shares in the Dangote Petroleum Refinery, revealing that the opportunity is expected …
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KEY POINTS The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Nigerian National Petroleum Company Limited, NNPCL, over its alleged failure to account for N22.3 billion, …
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In the NewsMarketsOil & Gas
PETROAN Presses Government for Clear Refinery Restart Timeline After $4bn Spend
KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has asked the Federal Government and the Nigerian National Petroleum Company Limited to make a clear and realistic …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …
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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 The Nigerian National Petroleum Company Limited has introduced a health insurance scheme designed to give thousands of service attendants across its retail stations access to affordable and reliable …