•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...
Social media users have continued to express mixed reactions to the news of a reduction in the company price of Premium Motor Spirit (PMS), also known as petrol. Dangote Refinery, today, announced a reduction in its PMS price to N899.50 per litre, stating that the move was aimed at offering relief to Nigerians during the […]
The Nigeria National Petroleum Corporation Limited (NNPCL) has filed a preliminary objection against the lawsuit initiated by Dangote Petroleum Refinery and Petrochemicals FZE, which seeks exclusive rights to supply petroleum products in Nigeria. In its filing through lead counsel Kehinde Ogunwumiju, SAN, the NNPCL argued that the legal action...
NNPC Limited yesterday announced a major shake up in its top management team with Mr. Adedapo Segun appointed as the Chief Financial Officer (CFO) and Mr. Udobong Ntia named Executive Vice President (EVP), Upstream. The national oil company in a statement by the Chief Corporate Communications Officer, Mr Olufemi Soneye also named Mr. Isiyaku A...
Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to buy the product directly from the facility. The current fuel cost was effected in August when the NNPCL adjusted the pump price from...
•NNPC distribution truck The Nigerian National Petroleum Company Limited may begin the supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the federal government that the naira-for-crude deal has commenced. Also, following the promise by the government, three more refineries are getting set to...
•House of Representatives The House of Representatives, today, urged the federal government to direct the Nigerian National Petroleum Corporation Limited and the Dangote Refinery to allow independent marketers to commence the lifting of fuel from the newly established refinery. The resolution was reached following the adoption of a motion of u...
•Mele Kyari Nigerians were taken aback recently when the NNPC came out with so much gusto to admit a debt it had vehemently rejected on different occasions, raising concerns about the integrity of a company that released its 2023 financial report in the third quarter of 2024, reports The PUNCH. The Nigerian National Petroleum Company […...
The Nigeria National Petroleum Company Limited, in a seemingly state of confusion, has released another version of the breakdown of the estimated price of petrol bought from the Dangote refinery. It was earlier earlier reported that in a statement this morning, the NNPC gave a chart breakdown of the refined petrol product it bought from [&hell...
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this this morning, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based [&helli...
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