Tag: NNPC

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…

Sodiq Olaitan

NNPC Declares N1trn Profit in Eight Months, But Federation Gets Zero Dividend

NNPC posts N1.06trn profit from PSC profit oil January–August 2025 Despite 40% rise in May, no dividend remitted against N2.16trn projection Think tank warns NNPC delivered just 15% of its…

Sodiq Olaitan

Paulinus Okoronkwo: Ex-NNPC GM convicted in US over $2.1m bribe, faces 10-year prison sentence

US jury finds Paulinus Okoronkwo guilty of bribery, money laundering, tax evasion. Payment disguised as legal fees to secure drilling rights in Nigeria. Faces up to 10 years in prison…

Sodiq Olaitan

NNPC Targets November Completion for AKK Gas Pipeline After Multiple Delays

AKK gas pipeline currently 86% completed; NNPC deploys additional subcontractors to fast-track project. Mechanical completion scheduled for November 30, 2025, following successful River Niger crossing. Pipeline to deliver 2.2 billion…

Sodiq Olaitan

Singer Asa Applauded for Performing ‘Fire On The Mountain’ at NNPC Relaunch

Nigerians have praised Singer Asa's live performance at the unveiling of the Nigerian National Petroleum Company Limited (NNPCL) for her choice of song. The event, which was held at the…

NNPC to Discover Oil in Niger, Borno, Other Northern States

The Nigerian National Petroleum Company Limited has revealed it is prospecting to discover oil in more states in Northern Nigeria. Daily Report Nigeria recalls that the cooperation had on January…

Daily Report

NNPC, 47 Oil Companies Fail to Remit $8.26bn Revenue To Federation Account – NEITI

The Nigerian Extractive Industry Transparency Initiative (NEITI) audit report has revealed that a total of 47 oil companies and the Nigerian National Petroleum Company Limited (NNPCL) failed to remit $…

NNPC Says No Subsidy On Petrol, Spent N7.8trn In 7 Months

  The Nigerian National Petroleum Company (NNPC) Ltd has clarified that it is not subsidizing petrol, but rather covering a "shortfall" between the landing cost and the selling price. This…

How NSCDC Nabs NNPCL Truck Driver For Diverting 10, 000 Litres Of Fuel

Afeez Adegbola, a Nigerian National Petroleum Company Limited, NNPCL, truck driver, has been arrested by the Osun State Command of the Nigeria Security and Civil Defence Corps, NSCDC. He was…

NNPC Suspension of Naira-for-Crude Oil Deal with Dangote, Others, Spells Price Hike

NNPC terminates naira-to-crude oil agreement with domestic refineries, turns to payment in dollars. Analysts and Economic watcher says it could lead to increase in fuel price and Naira volatility. The…