The Nigerian National Petroleum Company Limited (NNPC) has again reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by N20. Several NNPC retail outlets in Abuja on Monday showed that the company is now selling petrol at N815 per litre, down from N835. Sources within the company said the price adjustment…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol following the resolution of recent supply glitches at the Dangote Refinery. Checks by DAILY POST revealed that the state-owned oil firm adjusted its retail price to ₦945 per litre, down from ₦955, reflecting a ₦10 reduction. The new price has already…
Paulinus Iheanacho Okoronkwo, a senior official of the Nigerian National Petroleum Company (NNPC), has forfeited a $2.5 million mansion in Los Angeles, California, to the U.S. government after being convicted of money laundering. A preliminary forfeiture order issued on October 3, 2025, by Judge John Walter of the U.S. District Court for the Central District…
The Nigerian National Petroleum Limited (NNPCL) has increased petrol price to N992 per litre from N865 per litre. No official reason has been given for the increment as of the time of filing this report. Across NNPC retail outlets visited by The Nation, attendants were seen adjusting their pumps to reflect the new price. At…
Oil and gas workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have embarked on an industrial action on Monday, as directed by the union earlier on Sunday. PENGASSAN had on Sunday directed a nationwide strike, instructing all its members in various offices, companies, institutions, and agencies to…
The Economic and Financial Crimes Commission has granted administrative bail to the former group chief executive officer of the Nigerian National Petroleum Company limited (NNPCL), Mele Kyari Mele Kyari on wednesday honoured an invitation by EFCC over an alleged $7.2 billion dollar fraud during his tenure as the boss of the nation’s oil company. Kyari…
The Economic and Financial Crimes Commission (EFCC) has detained Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), over allegations of massive financial misappropriation. Kyari was taken into custody at the commission’s headquarters in Jabi, Abuja, on Wednesday afternoon, where he is being interrogated in connection with billions of…
A United States court has found Paulinus Okoronkwo, a Nigerian-American, guilty of receiving a $2.1 million bribe. Okoronkwo, former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited, was found guilty of transactional money laundering, tax evasion, and obstruction of justice. Prosecutors said while serving as NNPC’s upstream division general manager, Okoronkwo…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has alleged that powerful interests within the oil and gas sector are plotting his removal from office. Ojulari made the claim on Thursday during a meeting with a delegation of the Petroleum and Natural Gas Senior Staff Association of Nigeria…
The Federal High Court sitting in Abuja has ordered the temporary freezing of four Jaiz bank accounts linked to the immediate-past Group Managing Director (GMD) of Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari, over allegations of fraud. Justice Emeka Nwite made the order on Tuesday after counsel for the Economic and Financial Crimes…
