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 …
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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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In the NewsOil & Gas
NNPC Seeks Bigger Stake in Dangote’s $20 Billion Refinery as Nigeria Pushes for Energy Independence
KEY POINTS Nigeria’s state-owned oil company is setting its sights on greater control over the country’s refining future. The Nigerian National Petroleum Company, NNPC, Limited has announced plans to raise …
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In the NewsOil & Gas
Dangote Dismisses Calls to Buy NNPC Refineries, Urges Private Investors to Take the Lead
KEY POINTS Aliko Dangote has ruled out acquiring any of Nigeria’s ailing state-owned refineries, saying he would rather expand his privately-owned Dangote Refinery than be accused of monopolising the nation’s …
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In the NewsMarketsOil & Gas
Nigeria Loses N57 Billion to PENGASSAN Strike as Oil Output Falls by 200,000 Barrels Daily
KEY POINTS Nigeria’s economy has taken another hit as the recent nationwide strike by senior oil workers, PENGASSAN, caused massive disruptions in crude oil production, gas supply, and electricity generation. …
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In the NewsMarketsOil & Gas
NNPC Raises Petrol Price to N992 in Lagos as Nigerians Brace for Tougher Times
KEY POINTS Nigeria’s state-owned oil company, the Nigerian National Petroleum Company, NNPC, has raised the pump price of petrol to N992 per litre in Lagos, up from N865, marking yet …
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KEY POINTS The Nigerian National Petroleum Company Limited has received N318.05 billion between January and August 2025 to finance frontier oil exploration, according to documents from the September meeting of …
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KEY POINTS The Economic and Financial Crimes Commission (EFCC) has stepped up its investigation into former Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele Kyari, directing him to report …
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In the NewsOil & Gas
Craigwal Petroshore, NNPC E&P Lead Safety Workshop for Oil and Gas Professionals
KEY POINTS Craigwal Petroshore Limited, CPL, an indigenous engineering and EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) firm, teamed up with Nigerian National Petroleum Company Exploration & Production (NNPC E&P), …
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