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…
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…
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…
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…
Setting Up Filling Stations in Neighboring Countries Won’t Stop Petrol Smuggling – NNPC
The Nigerian National Petroleum Corporation (NNPC) says setting up filling stations in neighbouring countries is not the solution to petrol smuggling. Mele Kyari, group managing director of NNPC, stated this…
Group Pushes for Probe of NNPC Over Fuel Scarcity
As Nigerians continue to suffer from fuel scarcity, a non-governmental organization, the Muslim Media Watch Group of Nigeria, has called on the federal government to conduct a thorough investigation into…
Nigeria to Stop Fuel Importation 2023 – NNPC Boss
Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has stated that the country would stop importing petroleum products by 2023. He disclosed this on Tuesday…
Omoko Tasks NNPC, IOCs and Host Communities on Peaceful PIA Implementation
The Bolowei of Egbema Kingdom in Delta State, Alhaji Emmanuel Omoko has tasked the Nigerians National Petroleum Corporation and multinationals on peaceful implementation of the Petroleum Industry Act. This follows…
How NNPC Made Historical N2.548trn Profit in 2022
The Nigerian National Petroleum Company (NNPC) Ltd has announced a historic profit of N2.548trn for 2022, marking its highest ever since establishment in 1977. NNPC's 2022 Financial Performance Report, released…