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
The Group Chief Operating Officer of NNPC Ltd., Mr. Roland Ewubare, alongside the Executive Vice President of Downstream, Mr. Mumuni Dagazau, led a high-level delegation on a working visit and facility tour of the Warri Refining and Petrochemicals Company Limited (WRPC) in Delta State. The visit provided an opportunity for senior management to assess ongoing
The Nigerian National Petroleum Company (NNPC) has announced the locations of filling stations across the country where motorists can purchase Compressed Natural Gas (CNG) at the reduced price of ₦200 per standard cubic foot. This move is part of the Federal Government’s ongoing effort to provide cost-effective and environmentally friendly alternatives to conventional petroleum fuels.
The 2025 edition of the annual Shell/NNPC Tennis Tournament officially kicked off at the Ikoyi Club 1938 in Lagos on Thursday, bringing together over 80 players competing in various categories for top honors. Originally scheduled to begin earlier in the week, the tournament experienced a brief delay due to heavy rainfall in the area. Despite
The Nigerian National Petroleum Company Limited (NNPCL) is once again under intense scrutiny following the shutdown of the Warri Refining and Petrochemical Company (WRPC), just weeks after it was declared operational, despite consuming nearly $900 million in rehabilitation costs. The controversy emerged after a document from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),
In a major humanitarian gesture, the NNPC Foundation has announced it will sponsor 1,000 free cataract extraction surgeries across the North West region of Nigeria, as part of its ongoing commitment to enhancing healthcare delivery and supporting vulnerable communities. The initiative, unveiled during a press briefing in Kaduna on Friday, is targeted at restoring sight
Petroleum marketers across the country are grappling with significant losses following a fresh reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by the Nigerian National Petroleum Company Limited (NNPC Ltd). The state-owned oil firm has cut the retail price of the product to N880 per litre in Lagos and
