The Senate Committee on Public Accounts, chaired by Aliyu Wadada, has raised serious alarm over discrepancies involving trillions of naira in the audited financial statements of the Nigerian National Petroleum Company Limited (NNPC), describing the revelations as mind-boggling and worrisome. During the investigative session on Wednesday, where the Chief Financial Officer, Dapo Segun, appeared before…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a scheduled maintenance shutdown of the Port Harcourt Refining Company (PHRC), set to begin on May 24, 2025. In a statement released on Saturday by the Chief Corporate Communications Officer, Femi Soneye, the NNPC said the shutdown is part of a planned maintenance and sustainability…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the price adjustment has not yet been implemented in Lagos and other cities across Nigeria. Meanwhile, Dangote Petroleum Refinery initiated the price adjustment last…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Ojulari, has promised that oil exploration in northern Nigeria will continue. He said drilling activities at the Kolmani oil field in the North-East will soon resume. Mr Ojulari made this known during an interview with the BBC, where he assured…
To prevent contractors and former officials of the Nigerian National Petroleum Company Limited (NNPC Ltd) fingered in the ongoing fraud probe from evading accountability, the Nigerian Immigration Service (NIS), at the weekend, ramped up surveillance on them. To this end, immigration officials are on red alert to ensure those accused of plotting to flee the…
Economist and energy sector analyst Kelvin Emmanuel has stated that the Dangote Refinery is currently the only facility in Nigeria genuinely producing Premium Motor Spirit (PMS), commonly referred to as petrol. Emmanuel made the claim while speaking during the Morning Brief program on Channels Television on Monday. He dismissed the government’s narrative around the rejuvenation…
Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has dismissed reports suggesting he is in the custody of the Economic and Financial Crimes Commission (EFCC), describing the claim as mischievous and entirely false. Reacting via his verified X (formerly Twitter) account on Saturday, Kyari expressed dismay over what…
Mele Kyari, former group CEO of Nigerian National Petroleum Company (NNPC) Ltd, is in the custody of the Economic and Financial Crimes Commission (EFCC), TheCable understands. Kyari and some top officials of the national company who were recently relieved of their jobs are being questioned over allegations of mismanagement of funds and abuse of office….
The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation…
A restructuring exercise has claimed at least 200 officials of the NNPC, Peoples Gazette can report, as chief executive Bayo Ojulari launches his first broad action on the state-run oil firm since he assumed office earlier this month. Multiple company sources listed Bala Wunti, former head of NAPIMS, and Lawal Sade, the agency’s chief compliance…