Tag:NNPCL

EFCC Detains Top NNPC Officials Over $7.2bn Refinery Rehabilitation Scam

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Umar Isa, a former Chief Financial Officer (CFO) of the Nigerian National Petroleum...

World Bank Accuses Kyari-Led NNPC of Withholding Subsidy Removal Savings

The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)'s handling of funds from the petrol subsidy removal. According to the...

Nigeria’s Oil Sector and the ‘Very Bad People’

By Abiodun Alade I have read a number of compelling accounts that depict the unfortunate state of Nigeria’s oil sector, but none does so with...

Filling Stations Stockpile Petrol as Dangote Refinery, FG Fail to Reach Naira-for-Crude Agreement

Following the suspension of the sale of petroleum products in naira by the Dangote Petroleum Refinery, some filling stations have started stockpiling Premium Motor...

Petrol Prices May Reach N1,200/Litre as Dangote, NNPCL, Others Increase Ex-Depot Price

There are indications that Nigerians will experience a slight increase in the price of Premium Motor Spirit (petrol) as oil marketers raise the ex-depot...

NNPCL Remits N10trn to Federation Account, Announces Forensic Audit on Petrol Price Stabilisation

The Nigerian National Petroleum Company Limited (NNPCL) has remitted a staggering N10 trillion to the federation account as of September 2024, according to the...

From Crisis to Windfall: Nigeria’s Oil Revenue Hits N50.88tn in 2024

Nigeria’s crude oil revenue surged to approximately N50.88tn in 2024, according to findings by The PUNCH. Data from the Nigerian Upstream Petroleum Regulatory Commission, a...

Account for Alleged Missing N825bn,  $2.5bn in Oil Revenues, SERAP charges NNPCL’s Mele Kyari

The Socio-Economic Rights and Accountability Project (SERAP) has called on Mr. Mele Kolo Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum...

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Energy experts back Dangote, slam marketers over blackmail attempt on fuel price hike

Energy experts in Nigeria’s downstream petroleum sector have defended the pricing structure of the Dangote Petroleum Refinery, accusing some...
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Oye: Nigeria’s Trade Single Window Could Attract $3bn Logistics Investment, Save $18m Annually  

Nigeria could unlock up to $3 billion in logistics investment and generate about $18 million in annual efficiency savings...

What Happened at Aso Rock as Tinubu’s IGP Kayode Egbetokun Resigns

The Presidency has confirmed the resignation of Kayode Egbetokun as Inspector General of Police, citing what officials described as...

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Energy experts back Dangote, slam marketers over blackmail attempt on fuel price hike

Energy experts in Nigeria’s downstream petroleum sector have defended...