Senate Summons Ex-NNPC CEO Kyari Over Alleged N210 Trillion Unaccounted Funds
Senate Public Accounts Committee summons former NNPCL boss Mele Kyari. Investigation centres on N210 trillion allegedly not properly accounted for between 2017 and 2023. Former NNPCL finance chief and NAPIMS…
Petrol Price Jumps to N933 in Lagos, N960 in Abuja as NNPC Adjusts Pump Rates
NNPC raises petrol price to N933 per litre in Lagos and N960 in Abuja. Price increased by N103 in Lagos and N85 in Abuja across NNPC retail outlets. Global crude…
NNPP Urges Presidency, NSA to Clear Kwankwaso of Terrorism Allegation
Kano NNPP demands official exoneration of Rabiu Kwankwaso. Party warns against politicising national security issues. Calls for immediate clarification to avoid national embarrassment. The Kano State chapter of the New…
NNPC unveils Gas Master Plan 2.0 to drive industrialisation, energy security
NNPC Gas Master Plan 2.0 targets accelerated gas production, infrastructure expansion and investment inflows. Federal Government’s Decade of Gas aligned with plan to boost energy security and industrial growth. Nigeria’s…
NNPC, Chevron discover new oil well with substantial crude deposits in Niger Delta
NNPC confirms successful drilling of Awodi-07 oil well in western Niger Delta Chevron-operated JV records hydrocarbon presence across multiple reservoirs Discovery expected to boost crude output to 146,000 barrels per…
Tinubu Govt Clears ₦7.58trn NNPC Debt After Major Records Review
Tinubu government cancels ₦7.58trn NNPC debt. Decision follows detailed FG–NNPC reconciliation. Write-off covers legacy oil obligations. New 2025 debts still under recovery. The Federal Government under President Bola Ahmed Tinubu…
Auditor-General: NNPC Paid Over $51m to Contractors Under Questionable Circumstances
Auditor-General’s 808-page report exposes $51m in questionable payments made by NNPC to contractors. Findings detail systemic financial rule violations, weak internal controls, and unverified contract executions. Report raises fresh concerns…
NNPC Moves to Raise Stake in Dangote Refinery to 20%
NNPC plans to increase its equity in the $20bn Dangote Refinery from 7.2% to 20%. The move aims to boost local refining capacity and cut Nigeria’s fuel import dependence. Stake…
U.S. Seizes $2.5m Los Angeles Mansion From NNPC Official Paulinus Okoronkwo After Money Laundering Conviction
U.S. court orders forfeiture of $2.5m mansion linked to NNPC official Paulinus Okoronkwo. Judge John Walter rules that funds used in purchase were proceeds of money laundering. Asset to be…
PETROAN Urges Technical, Equity Partnerships for Port Harcourt Refinery Revival
PETROAN backs NNPC’s T&E model and UOP assessment contract Oil marketers push for foreign technical partners to boost refinery efficiency Revival seen as crucial for competitive pricing, local economy, and…