NNPC
Holiday relief as NNPC slashes pump price
As Nigerians prepare for the Eid-ul-Mawlid public holiday on Friday, the Nigerian National Petroleum Company Limited (NNPC) has announced a reduction in petrol pump prices at some of its retail outlets. The adjustment, which comes as welcome relief to millions of cash-strapped citizens, sees petrol selling for as low as ₦850 per litre at select […]
NNPC slams neglect for stalled refineries revamp
The Nigerian National Petroleum Company Limited (NNPC) has admitted that years of neglect of the country’s refineries have continued to hinder their full rehabilitation, despite billions of dollars spent on turnaround maintenance and ongoing upgrade projects. Group Chief Executive Officer of NNPC, Bayo Ojulari, disclosed this on Thursday during a meeting with the Petroleum and […]
Oil sector at risk as policy unstability worries investors – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has cautioned the Federal Government that frequent policy changes and amendments in the oil and gas sector may discourage both local and foreign investors. Speaking at the opening session of the 4th PENGASSAN Energy and Labour Summit (PEALS) in Abuja, the association’s President, Festus […]
Tinubu praises NNPC, Sahara for new gas vessel launch
President Bola Tinubu has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) and Sahara Group for their pivotal role in strengthening Africa’s presence in the global clean energy value chain. The praise followed the unveiling of WAGL Energy Limited’s latest Liquefied Petroleum Gas (LPG) vessel, the ‘MT Iyaloja (Lagos)’, a 40,000 cubic metre dual-fuel, […]
NNPC Laments Delay in Oil Reserves Development
The Nigerian National Petroleum Company Limited (NNPC) has raised concerns over the prolonged delay in exploiting the country’s vast oil reserves, warning that crude left in the ground holds no economic value unless it is extracted and converted into revenue. Speaking at the 50th Anniversary of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, […]
PETROAN Slams NNPC Over Port Harcourt Refinery Control
In a bold critique of the Nigerian National Petroleum Company Limited (NNPC), the National Publicity Secretary of the Petroleum Products and Retail Outlets Owners Association of Nigeria (PETROAN), Joseph Obele, has publicly opposed the company’s decision to retain control of the Port Harcourt Refinery. Obele, who is also a university lecturer and key stakeholder in […]
NNPC Declares Port Harcourt Refinery Not for Sale
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its stance that the Port Harcourt Refining Company (PHRC) is not up for sale, putting to rest recent speculations fueled by ambiguous remarks at international forums. Instead, the state-owned oil company has disclosed plans to seek additional funding and forge advanced technical partnerships to complete […]
NNPC, First E&P Achieve Major Oil Sector Safety Milestone
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner, FIRST Exploration and Petroleum Development Company (FIRST E&P), have recorded a major safety milestone in Nigeria’s oil and gas industry, with an outstanding 10 million Lost Time Incident (LTI)-free man-hours across their operations in Production Mining Lease (PML) 53 and 54. This […]
Regulatory Body Approves Dangote Petrochemicals’ Listing Plans
In a major move poised to reshape Nigeria’s capital market, Dangote Petrochemicals, a subsidiary of the sprawling Dangote Refinery and Petrochemicals group, has secured regulatory approval to list its shares on the Nigerian Exchange (NGX). The listing, expected before the end of June 2025, will allow public investors to trade in one of Africa’s largest […]
President Tinubu celebrates NNPC Group CEO Bayo Ojulari at 60
President Bola Tinubu congratulates Bashir Bayo Ojulari, the Group Chief Executive Officer of NNPC Limited, on his milestone 60th birthday on June 3. According to the statement released by Bayo Onanuga, Special Adviser to the President on Information and Strategy on Monday night, June 2, the President joins family, friends and associates in celebrating an […]