Tag: NNPCL

Nigeria targets fresh oil output boost as NNPCL eyes 100,000bpd increase amid global supply pressure

Business Damilola Bayonle -
Nigeria is projecting a near-term boost in crude oil production as reforms within its energy sector begin to yield...

Tinubu set to amend PIA after sweeping oil revenue order

Business Damilola Bayonle -
President Bola Ahmed Tinubu is set to initiate fresh amendments to the Petroleum Industry Act (PIA) following his recent...

NNPCL moves to begin drilling in Ogun as Tinubu backs frontier oil expansion

Business Damilola Bayonle -
NNPCL set to commence drilling in Ogun oil block Nigeria’s state oil firm is advancing plans to begin commercial drilling...

FAAC recovers N2.36tn, $7.87m as oil revenue audit uncovers massive arrears

Business Damilola Bayonle -
FAAC recovers N2.36tn, $7.87m oil revenue arrears Nigeria’s Federation Account Allocation Committee (FAAC) has recovered a cumulative N2.36tn and $7.87m...

Port Harcourt refinery could restart in days as profitability debate delays decision

Business Damilola Bayonle -
Nigeria’s long-troubled refining sector has returned to the spotlight after the Petroleum and Natural Gas Senior Staff Association of...

Shocking Twist: NNPCL pipeline explosion in Delta sparks Major safety concerns

Business Damilola Bayonle -
NNPCL Pipeline Explosion in Delta Raises Fresh Safety Concerns The Nigerian National Petroleum Company Limited (NNPCL) has officially confirmed a...

Repeated probe of NNPCL: Why the growing oversight storm could shatter investor confidence in oil sector

Business Damilola Bayonle -
Concerns Mount Over Repeated Probe of NNPCL Amid Sector Reforms A prominent civil society coalition has issued a cautionary note...

Dangote refinery stuns market with massive fuel price reduction ahead of yuletide rush

Business Damilola Bayonle -
Dangote Refinery Fuel Price Reduction Sparks Fresh Market Reactions Nigeria’s downstream petroleum market witnessed a major shakeup on Friday as...

Crude-Backed loans under renewed scrutiny amid fresh concerns over NNPCL’s debt obligations

Business Damilola Bayonle -
Rising Concerns Over Nigeria’s Crude-Backed Loans Fresh concerns have emerged over Nigeria’s crude-backed loans as financial analysts, industry experts, and...

Bold move: NNPCL to increase share in Dangote refinery to 20%, strengthening  energy independence

Business Damilola Bayonle -
A move set to reshape Nigeria’s energy landscape, the Nigerian National Petroleum Company Limited (NNPCL) has announced plans to...

Court dismisses Dangote Refinery N100bn suit against NNPCL

News Omolola Akinyemi -
Federal High Court dismisses Dangote Refinery N100bn suit against NNPCL as IPO plans and student protests highlight calls for...

Imported petrol landing cost falls to ₦829/litre as FG implements 15% tariff policy

Business Damilola Bayonle -
The average imported petrol landing cost has dropped to ₦829.77 per litre, marking a continued decline that reflects easing...