The Federal High Court in Abuja, today, adjourned a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) and others over oil import licence dispute until Nov. 5 for hearing. The matter, which was earlier fixed for today for hearing, could not proceed due to the absence of [&...
The Nigerian National Petroleum Company Limited (NNPCL) has deducted a total of N235.6 billion between January and July 2025 from the Frontier Exploration Fund (FEF), in line with the provisions of the Petroleum Industry Act (PIA), according to the company’s financial documents. The deductions represent 30 per cent of Profit Sharing Contract (...
•Port Harcourt Refinery The Nigerian National Petroleum Company Limited (NNPCL) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Ojulari, announced this during a...
•Nigerian Senate The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company Limited (NNPCL) 21 days to provide detailed explanations on financial discrepancies totaling ₦210 trillion even as its Group Chief Executive Officer (GCEO), Bayo Ojulari, pleaded for more time to respond adequately. Appearing before the c...
•The Dangote Refinery Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, filed at the Federal High Court Abuja, was formally withdrawn...
•House of Representatives The House of Representatives Committee on Petroleum Resources (Downstream) has relaunched the probe into the NNPCL acquisition of OVH Energy Marketing’s downstream assets and refinery upgrade. The Chairman of the Committee, Mr. Ikenga Imo Ugochinyere, today explained that the measure was necessitated by the rejection ...
•NNPCL Group CEO, Bayo Ojulari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has again failed to appear before the Senate Committee on Public Accounts, despite a 10-day ultimatum issued to him over unaccounted funds totaling ₦200 trillion. Instead of appearing in person, the NNPCL G...
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Umar Isa, over an alleged $7.2 billion fraud linked with the rehabilitation of the Kaduna, Warri and Port Harcourt refineries. Also in the custody of the EFCC is Jimo...
Aggrieved retirees of the Nigerian National Petroleum Company (NNPCL)’s Staff Multipurpose Cooperative Societies have cried out over their inability to access savings and dividends, even after years of consistent monthly contributions. They are now demanding a forensic audit of the society’s accounts, reports The Nation. At a press conference ...
•NNPCL board members President Bola Tinubu, has inaugurated the newly appointed board and executive team of the Nigerian National Petroleum Company Limited (NNPCL). The president inuagurated the team shortly before attending the All Progressive Congress stakeholders summit holding at the Banquet Hall of the Presidential Villa, reports Daily In...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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