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...
•NNPC boss, Bayo Ojulari Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has stated that the company may sell off some of its refineries as it continues to face setbacks in their rehabilitation. Ojulari made the disclosure during an interview with Bloomberg yesterday at the 9th OPEC Intern...
Retail outlets operated by the Nigerian National Petroleum Company (NNPC) Limited today raised the pump price of Premium Motor Spirit (petrol) to N945 per litre in the Federal Capital Territory (FCT). The price hike was also implemented at NNPC stations in Lagos, where petrol now sells for N915 per litre, reports Nigerian Tribune. The adjustme...
•Peter Obi The 2023 presidential candidate of the Labour Party (LP), Peter Obi, today, said that the latest alleged ‘financial irregularities’ at the Nigerian National Petroleum Company Limited (NNPCL) unearthed by the Senate confirmed his position that the Nigeria has become “a crime scene.” His reaction came 48 hours after the Senate Committ...
The Nigerian National Petroleum Company Limited has raised an alarm that some individuals are impersonating it, demanding money from investors. A statement yesterday by the NNPC spokesman, Olufemi Soneye, stated that the individuals solicited fees for meetings with the NNPC board of directors, executives, and management staff, saying the actio...
•Port Harcourt refinery The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a scheduled maintenance shutdown of the Port Harcourt Refining Company (PHRC), set to begin on May 24, 2025. In a statement released today by the Chief Corporate Communications Officer, Femi Soneye, the NNPC said the shutdown is part of a planned m...
•NNPCL board members President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure, and the group chief executive officer, Malam Mele Kyari. A statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, indic...
In what appears as retaliation against initial price reduction by Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPCL), yesterday, slashed the pump price of Premium Motor Spirit (PMS), commonly known as petrol, from N945 per litre to N860 per litre in Lagos and N865 in Abuja. This came as stakeholders insisted that unless ...
•Obasanjo Former President Olusegun Obasanjo has recounted how the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer by billionaire business tycoon Aliko Dangote to manage the Port Harcourt & Kaduna refineries back in 2007. Obasanjo stated this during an interview with Channels Television. He said the NNPC, now r...
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