•Dangote Refinery The Nigerian National Petroleum Company Limited has told the Federal High Court sitting in Lagos that petroleum products from the Dangote Petroleum Refinery and Petrochemicals FZE are sold at “significantly high and fluctuating market prices”, warning that granting the refinery’s requests could hand it monopoly control of Nig...
•Aliko Dangote The President of the Dangote Group, Alhaji Aliko Dangote, has said the group rejected requests by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote stated this in an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth Fund, Nico...
The Nigerian National Petroleum Company Limited has signed a fresh agreement with two Chinese firms in a move aimed at accelerating the long-delayed rehabilitation and commercial restart of Nigeria’s refineries, while opening a new window for technical equity partnerships. The deal, structured as a Memorandum of Understanding, was signed with ...
The Nigerian National Petroleum Company Limited has raised the official selling prices of all 37 Nigerian crude grades for May-loading cargoes, according to a report by Oilprice.com. The report stated that Nigeria is reaping the benefits of the US-Iran war, as the NNPC increased the price of its flagship grade, Bonny Light, by $6.13 per [&hell...
•Minister of Finance and Coordinating Minister of the Economy, Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, today disclosed that a forensic audit of the Nigerian National Petroleum Company Limited is ongoing, as part of efforts to scrutinise oil revenue deductions and boost remittances into the Federat...
•NNPC boss, Bayo Ojulari The Chief Executive Officer (CEO), Nigerian National Petroleum Company (NNPC) Limited , Bayo Ojulari says the company is in talks with a Chinese firm over a potential partnership involving one of Nigeria’s state-owned refineries. Ojulari spoke during the just-concluded Nigerian International Energy Summit (NIES), where...
•NNPC logo and refinery The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has revealed that Nigeria’s state-owned refineries were operating at a “monumental loss” to the country, prompting his leadership team to halt operations to prevent further value erosion. Ojulari disclosed this today in A...
Cancer patients in Abuja have received a major lifeline after the NNPC/Renaissance Joint Venture donated $300,000 to the National Hospital, Abuja, to sustain the maintenance of its advanced cancer treatment machine. The funding, announced at the office of the Coordinating Minister of Health and Social Welfare, will support the continuous opera...
The Nigerian National Petroleum Limited (NNPCL) has increased petrol price to N992 per litre from N865 per litre. No official reason has been given for the increment as of the time of filing this report. Across NNPC retail outlets visited by our correspondent, attendants were seen adjusting their pumps to reflect the new price, reports [&helli...
•ADC logo and Tinubu The African Democratic Congress (ADC) has warned against what it described as an unfolding plunder of Nigeria’s oil wealth, calling on Nigerians to rise against the proposed amendments to the Petroleum Industry Act (PIA) and the planned sale of the Nigerian National Petroleum Company (NNPC) Limited stakes in key joint ve...
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