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…
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…