Although Nigeria is the 7th largest exporter of Crude Petroleum in the world, Dangote Petroleum Refinery in Ibeju-Lekki, Lagos which was inaugurated in May this year and described as the game changer for Nigeria’s economy is currently importing crude oil from outside the country because NNPC cannot sell crude oil to the Dangote refinery.

*Committee set up by Tinubu to reconcile NNPC's remittances to FAAC submits preliminary report Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to the federation account in 2021 before transitioning to a commercial venture, the federal government has the biggest…

Heads of NAPIMS, NNPC E&P redeployed in troubled shake-up About 91 managers, across six managerial levels of Deputy Manager to Executive Vice President at the Nigerian National Company Limited (NNPC) have been showed the door in a major shakeup. The Guardian gathered that the Group Chief Executive of NNPC Limited, Mele Kyari, who was meant…

The Nigerian National Petroleum Company (NNPC) Ltd has entered into a historic $7 billion gas supply Memorandum of Understanding with Indorama Eleme Petrochemicals Limited, solidifying their commitment to advancing the utilisation of natural gas by large-scale industries.

The Nigerian National Petroleum Company (NNPC) Ltd. has entered into a historic $7 billion gas supply Memorandum of Understanding with Indorama Eleme Petrochemicals Limited, solidifying their commitment to advancing the utilization of natural gas by large-scale industries.

The presidency has told the former President Olusegun Obasanjo that he is not the one who will decide whether Nigeria’s oil refineries will work or not. The former ruler said he tried to get Nigeria’s oil refineries working but was not successful and suggested President Bola Ahmed Tinubu’s plan to do the same will not…

Nigeria’s oil and gas sector may be in for another round of battle over the sales of Nigerian Agip Oil Company (NAOC) operating share to Oando Plc.

• N318 billion subsidy now paid monthly • Marketers lament inability to import as NNPC maintains monopoly with FX access There are indications that the Federal Government may have returned subsidy payment on Premium Motor Spirit (PMS), using the supposed commercialised Nigerian National Petroleum Company Limited to manage the market shocks and maintain monopoly of…

A group of lawyers under the umbrella of Constitutional Lawyers Forum (CLF) has declared the $3 billion emergency loan recently secured on papers by the Nigeria National Petroleum Company Ltd (NNPCL) from the African Export-Import Bank (Afriexim) to stabilise the country’s foreign exchange market and crude oil repayment, as illegal and unconstitutional. Recall that the…

The African Centre for Justice and Human Rights (ACJHR) and Justice Advocate Center (JAC) have commenced moves to put a stop to the $3 billion emergency loan recently secured on papers by the Nigeria National Petroleum Company Limited (NNPCL) from the African Export-Import Bank (Afrexim) to stabilise the country’s foreign exchange market. Recall that a…

Nigeria National Petroleum Company Limited (NNPCL), yesterday, said a $3 billion emergency crude oil repayment loan was signed with AfreximBank.

Phrank Shaibu, the Special Assistant on Public Communication to former Vice President of Nigeria, Atiku Abubakar has described as patently fraudulent the announcement by the Nigerian National Petroleum Company Limited (NNPCL) that it had taken a loan for the primary purpose of supporting the naira. Shaibu said that the announcement was a mere banana peel,…