August 2, 2025

NNPCL

General NNPC

Nigerian Senate Gives NNPCL Three Weeks to Address Probing Audit Queries Over Missing N210 Trillion

Fresh concerns over financial accountability have gripped the nation’s oil and gas sector as the Nigerian Senate has issued a strict three-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to provide satisfactory explanations regarding staggering audit queries amounting to over N210 trillion. The development follows revelations contained in multiple audit reports that exposed

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Politics

NNPCL, Zuid Energies Partner on 40 Million Cubic Feet LNG Project in Kogi

Kogi, July 28, 2025 — The Nigerian National Petroleum Company Limited (NNPCL) has entered into a strategic partnership with Zuid Energy Limited for the development of a Liquefied Natural Gas (LNG) project valued at over 40 million standard cubic feet per day (mmscfd) in Kogi State. The collaboration, which was officially announced during a stakeholders’

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General NNPC

18 Billion Dollars Down the Drain? Nigerians Demand Answers as FG Considers Selling Useless Refineries

The Federal Government came under intense fire over the weekend as the Nigerian National Petroleum Company Limited confirmed that the country’s long-dormant refineries in Port Harcourt, Warri, and Kaduna remain non-functional despite over 18 billion dollars invested in their rehabilitation. The statement, made by the new NNPCL boss, Bayo Ojulari, has sparked national outrage, with

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General NNPC Refinery

NNPCL May Divest from Warri, Port Harcourt and Kaduna Refineries After 2025 Review

As Nigeria’s Federal Government gears up for a comprehensive review of its refining assets in 2025, insiders at the Nigerian National Petroleum Company Limited (NNPCL) signal a potential move to sell its state-owned refineries in Warri, Port Harcourt, and Kaduna. This decision stems from persistent challenges tied to underperformance, massive capital expenditure, and a renewed

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Business

NNPC Ltd Hands Over 35 CNG Buses to Presidential Gas Initiative, Reaffirms Commitment to Clean Energy Transition

The Nigerian National Petroleum Company Limited (NNPC Ltd) has donated thirty-five (35) hybrid Compressed Natural Gas (CNG)-powered buses to the Presidential Initiative on Compressed Natural Gas (Pi-CNG), in a move aimed at accelerating Nigeria’s transition to cleaner, more sustainable fuel alternatives. At a symbolic handover ceremony held at the NNPC Towers in Abuja on Monday,

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Business Price Inflation

NNPCL Slashes Petrol Price to ₦910 per Litre, Down from ₦945

July, 2025 — The Nigerian National Petroleum Company Limited (NNPCL) has announced a downward review of the pump price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦945 to ₦910 per litre. The price adjustment, which took effect on Friday, comes amid ongoing efforts by the Federal Government to cushion the impact of

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General NNPC

NNPCL Shuns Senate Public Accounts Committee Over N210tn Financial Irregularities from 2017 to 2023

The Nigerian National Petroleum Company Limited (NNPCL) has once again come under public scrutiny following its failure to honour an invitation from the Senate Committee on Public Accounts investigating financial discrepancies amounting to a staggering N210 trillion, reportedly uncovered in its audited financial reports spanning 2017 to 2023. Despite a formal summons, the NNPCL failed

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General NNPC

Senate Issues 10-Day Deadline to NNPCL GMD Over ₦200 Trillion in Unremitted Funds

The Nigerian Senate has issued a 10-day ultimatum to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, demanding a detailed explanation regarding an alleged ₦200 trillion in unaccounted government revenue linked to the state-owned oil corporation. This directive followed revelations by the Senate Committee on Public Accounts during

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General NNPC

NNPCL Board Embarks on Controversial Kigali Retreat via Private Jets

Abuja, June 20, 2025 – The board of the Nigerian National Petroleum Company Limited (NNPCL) reportedly hired five private jets for a retreat in Kigali, Rwanda, drawing sharp public criticism as the company remains under intense scrutiny over its financial management. Sources familiar with the plan say the delegation, led by Chairman Ahmadu Musa Kida

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General

NNPCL’s Chief Communications Officer, Olufemi Soneye, Clinches NIPR Spokesperson of the Year Award

Mr. Olufemi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), has been named Spokesperson of the Year 2025 by the Nigerian Institute of Public Relations (NIPR) during the prestigious National Spokespersons Awards held in Abuja on April 17. Earlier this year, Soneye secured the Distinguished Spokesperson in Oil and Gas

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