Nigerian National Petroleum Company Limited (NNPCL)
30 Dec
The Conference Of Nigeria Political Parties (CNPP) has expressed concern over the recent disclosure by President Bola Ahmed Tinubu during his maiden Presidential Media Chat, claiming that his administration has met its financial obligations without resorting to the Nigerian National Petroleum Company Limited (NNPCL) for funding. The conference said that while the disclosure by the…
3 Sep
Over a year after its launch in May 2023, Dangote Refinery on Tuesday produced its first batch of Premium Motor Spirit (PMS), commonly known as petrol, from its 650,000 barrels-per-day facility in Lagos. At a press conference, Aliko Dangote, the billionaire owner of the refinery, declared it a "celebration day" for Nigerians, stressing the refinery's…
5 Aug
The Joint Task Force South-South, Operation Delta Safe (OPDS), has announced significant progress in combating illegal oil activities and boosting crude oil production in the Niger Delta region. According to the OPDS progress report, the terminal factors on all major pipelines have achieved 100 per cent flow, reflecting full operational capacity. The report stated that…
7 May 2024
The Nigerian House of Representatives has resolved to investigate the Nigerian National Petroleum Company Limited (NNPCL) and multinational oil company AGIP over allegations of fund diversion and failure to pay a $72 million debt to a Nigerian company, Decoon Services Limited. The decision follows a petition filed by the Centre for Social Justice, Equity, and…
25 Apr 2024
Nigerian National Petroleum Company Limited (NNPCL) has signed an agreement with African Refinery Port Harcourt (ARPHL) for the subscription of 15 per cent equity in Nigeria's second largest private refinery after Dangote Refinery. The agreement was executed by Mr. Omotayo Adebajo (Managing Director) on behalf of African Refinery Port Harcourt Limited (ARPHL) and Mr. Adedapo…
18 Feb 2024
Long queues resurfaced yesterday in Abuja, especially at Nigerian National Petroleum Company Limited (NNPCL) retail outlets as motorists jostled for Premium Motor Spirit (PMS) otherwise called petrol, amid tanker drivers’ strike beginning on Monday. This comes as the Nigerian Association of Transport Owners (NARTO) seeks full enforcement from all of its employees under the Petroleum…
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