The Nigerian National Petroleum Company Limited (NNPCL) has drilled four oil wells in the Kolmani area of Bauchi State as part of its efforts to expand oil and gas exploration in northern Nigeria. Yusuf Usman, a director at the NNPCL, disclosed this on Wednesday during an interactive session on government-citizens engagement organised by the
Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPC) has officially dismissed speculation about selling the Port Harcourt Refining Company, declaring its commitment to completing comprehensive rehabilitation works on the facility. NNPC Group Chief Executive Officer, Bayo Ojulari, made the clarification during a company-wide town hall meeting in Abuja on Wednesday, addressing concerns
Lagos, Nigeria – Dangote Petroleum Refinery has formally withdrawn its N100 billion lawsuit against the Nigerian National Petroleum Company Limited (NNPC Ltd) and two other firms, AYM Shafa Limited and A.A. Rano Limited, court documents reveal. The refinery’s lead counsel, Ogwu James Onoja SAN, filed the notice of discontinuance at the Federal High Court
Lagos, July 11, 2025 — Africa’s richest man, Aliko Dangote, has expressed serious doubts about the future viability of Nigeria’s state‑owned refineries, warning that the facilities in Port Harcourt, Warri, and Kaduna may never function despite massive investments. Speaking on Thursday at the Dangote Petroleum Refinery in Lekki, during a visit by members of the
Abuja, July 2, 2025 — The Nigerian National Petroleum Company Limited (NNPC Ltd.) has recorded a major milestone in the ongoing construction of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline as the critical crossing beneath the River Niger has been successfully completed. This feat, which marks a key achievement in the 614-kilometre-long project, brings the multi-billion-dollar infrastructure
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised alarm over what it describes as a well-orchestrated sabotage campaign aimed at discrediting its leadership and undermining the reforms currently underway in the nation’s oil and gas sector. In a statement released by the company’s Chief Corporate Communications Officer, Olufemi Soneye, NNPC claimed that certain
ABUJA, Nigeria – June 2025 The Nigerian Senate has issued a renewed 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPC Ltd) to provide detailed explanations and documents regarding the alleged non-remittance of ₦210 trillion in revenue. This comes after the Senate Committee on Public Accounts firmly rejected NNPC’s request for a two-month extension
In a major anti-corruption bust, the Economic and Financial Crimes Commission (EFCC) has arrested a former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL), Umar Ajiya Isa, over a massive $7.2 billion scandal involving Nigeria’s long-abandoned refinery rehabilitation projects. It was gathered on Monday that Isa, who served as NNPCL’s CFO, is
Abuja, Nigeria – June 17, 2025 The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have reaffirmed their commitment to deepen collaboration across key areas in the downstream oil and gas sector, particularly the Compressed Natural Gas (CNG) initiative. This resolution emerged during a strategic meeting held
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a remarkable financial performance for April 2025, declaring a total revenue of ₦5.89 trillion and a profit of ₦748 billion for the month under review. According to a corporate statement released by the national oil giant, the robust earnings reflect improved operational efficiency, higher global
