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…
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
A 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…
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…
No FAAC Allocation Remittance For April, NNPC Tells FG
The Nigerian National Petroleum Corporation (NNPC) has said there will be a zero remittance to the Federation Accounts Allocation Committee (FAAC) for the month of April 2021. In a letter…
Fuel Scarcity: We Have One Billion Litres Of Petrol To Tackle Supply Gap – NNPC
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that the organisation has enough petrol to address the supply gap in the country, saying there are one billion litres of…
NNPC Set to Sack 500 Staff
Nigeria National Petroleum Company (NNPC) Limited, has hinted at letting go of about 500 staff due to its current status. Those affected were given a deadline of the first week…
Reps Summon NNPC Over Petrol Scarcity
The House of Representatives has said it will meet with the Nigerian National Petroleum Company Limited due to Premium Motor Spirit, popularly known as petrol scarcity across Nigeria. The house…