PETROAN, NNPCL in Talks for Port Harcourt Refinery Takeover
PETROAN confirms discussions with NNPCL to acquire and revive the Port Harcourt Refinery for $2 billion. The move aims to boost local refining and stabilise fuel prices in Nigeria.
Category : Search result: NNPCL
Court Orders NNPCL to Explain $3bn Afreximbank Loan
A Federal High Court in Abuja has mandated the NNPCL to provide full details of its $3 billion Afreximbank loan to HEDA Resource Centre. This landmark ruling champions transparency in Nigeria's oil sector. Read the full story.
ADC: Tinubu's NNPC Debt Cancellation Unconstitutional
The ADC party warns President Tinubu's write-off of NNPCL's legacy debt is illegal and will cause massive revenue loss for states and LGAs. Read the full analysis.
NNPCL Cancels N4.01 Trillion Subsidy Debt
The Nigerian National Petroleum Company Limited has cleared N4.01 trillion in subsidy arrears owed by the FG after FAAC reconciliation. Discover the details and implications for Nigeria's economy.
NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Analyst Highlights Bayo Ojulari's 8-Month Achievements at NNPCL
Public policy analyst James Okafor assesses NNPCL GCEO Bayo Ojulari's focus on regional energy collaboration and strategic positioning over quick wins. Discover the key projects shaping Nigeria's continental energy role.
Rivers Community Demands FG Action on Oil Pollution
Leaders in Rivers State's Kpean community demand urgent federal action over a massive oil spill destroying farmlands and rivers. They accuse FG, Shell, and NNPCL of negligence.
FG Orders Contractors to Stay on Sites During Yuletide
The Federal Government has ordered contractors on major highways to keep sites open during Christmas. Minister Umahi also announced a N263bn payment directive to NNPCL to offset debts. Read more.
FG Orders Road Contractors to Stay on Site for Christmas
Works Minister David Umahi directs contractors on major highways to remain on site during the festive season to ease gridlock. FG also announces N263bn payment plan for contractors, pending verification of N2.13trn debt.
Petrol Station Workers Demand Health Insurance from IPMAN
Labour advocates urge IPMAN to provide health insurance for petrol station workers nationwide, citing daily exposure to toxic fumes and fire hazards. This follows NNPCL's new scheme for its retail workers.
Ogoni Youths Demand Oil Block, Halt to License Bids
Ogoni youths demand an oil block and halt to ongoing bids, insisting on equity and inclusion before resuming oil production in Ogoniland after 30 years.
NCS Seizes N181.6m Petroleum Products in Adamawa
Nigeria Customs Service intercepts smuggled fuel worth N181.6 million near Cameroon border in eight weeks. ACG Kolapo Oladeji warns smugglers face life imprisonment. NNPCL also announces another petrol price cut.
Petrol Workers Applaud NNPCL Health Insurance Scheme
NNPC filling station workers commend new health insurance scheme covering 7,000 employees. Workers urge NUPENG to conduct elections and private marketers to follow NNPCL's example.
NNPCL Targets Higher Production, Gas Monetisation in 2025
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
NNPCL Health Insurance for 7,000 Station Attendants
NNPC Retail Ltd launches health insurance scheme for over 7,000 petrol station attendants nationwide, enhancing welfare and service delivery. Read about this worker-focused initiative.
Reps probe petition seeking Sophia Mbakwe's removal
House of Representatives investigates petition from Ezi Umuada Igbo seeking removal of Sophia Mbakwe as NNPCL EVP over federal character violation. Follow this developing story.
Senate Orders NNPCL to Refund N210 Trillion
Nigerian Senate demands NNPCL refund N210 trillion in unaccounted funds after CEO snubs hearing. Auditor-General's report reveals massive financial discrepancies from 2017-2023 operations.
Cooking Gas Prices Drop by Over N900 per Kg
Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.
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