The Nigerian National Petroleum Company (NNPC) Limited is considering the sale of Nigeria’s refineries, the group chief executive officer (CEO) of the company, Bayo Ojulari has said. Ojulari, in an interview with Bloomberg, said revamping state-owned refineries is becoming more complicated than expected. Recall that the NNPCL had in November 2024, announced that the Port…
… As Stakeholders Asked INEC To Account For Over N300bn IREV Allocation For 2023 Elections Chairman, Senate Committee on Public Accounts, Senator Aliyu Wadada on Monday clarified the parliament’s position on the ongoing investigation into the financial status of Nigerian National Petroleum Corporation Limited (NNPC) to the tune of N210 trillion. The Senator stated this…
The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit price. DAILY POST correspondent gathered that the NNPCL retail outlets in Abuja on Saturday slashed their petrol pump price to N910 per litre from N945. This was the case in NNPCL filling stations in Zone 6, Kubwa Expressway, Wuse Zone 4, and…
The Nigerian National Petroleum Company (NNPC) Limited on Monday increased prices of fuel from N910 to N945 in Abuja and from N870 to N915 in Lagos. The new pump price increase reflects a N35 and N45 hike in the amount previously sold in Abuja and Lagos respectively. It was observed that some fuel stations in…
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…