nnpc

The Digest: In Nigerian households, a quiet crisis unfolds as the cost of a basic necessity surges. The NNPC Limited has attributed the sharp rise in cooking gas prices to the recent PENGASSAN strike, which disrupted supply chains and caused costs to soar beyond the reach of many. Rooted in...

The Digest: The Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery have signed a new two-year crude supply agreement to ensure steady feedstock for the 650,000-barrel-per-day facility in Lagos. Key Points: The NNPC and Dangote Refinery have signed a new...

The Digest: In a decisive legal intervention, a national industrial court has moved to prevent a crippling strike from destabilizing Nigeria's energy sector. According to a report from Daily Post Nigeria, Justice Emmanuel Danjuma Subilim has issued a temporary order restraining PENGASSAN from...

A nationwide industrial action has brought Nigeria's critical oil and gas sector to a standstill, escalating a labour dispute into a full-blown operational crisis. According to reports, PENGASSAN's strike has shuttered major regulatory bodies and halted fuel supply to the Dangote Refinery...

The Digest: Maryamu Idris, Managing Director of NNPC Trading Limited, has been appointed as Nigeria’s representative to the Organisation of Petroleum Exporting Countries (OPEC). The national oil company announced its dual role will strengthen Nigeria’s influence in global energy policy and...

The Digest: Former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has publicly addressed his recent questioning by the EFCC over allegations of financial misconduct during his tenure. Key Points: Kyari was grilled over accusations of...

The Digest: NNPC Retail Limited, a subsidiary of the Nigerian National Petroleum Company (NNPC), reported a staggering N395.5 billion loss for the 2024 fiscal year, reversing a N20.18 billion profit from 2023. The loss, attributed to non-recurring impairments and intercompany reconciliation...

The Digest: Mele Kyari, former Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), voluntarily appeared before the Economic and Financial Crimes Commission (EFCC) on Wednesday to answer questions related to financial and technical operations during his tenure. The...

The Digest: Paulinus Okoronkwo, a former NNPC general manager, has been found guilty in a U.S. court of accepting a $2.1 million bribe from Chinese-owned Addax Petroleum to influence oil drilling contracts in Nigeria. The case exposes transnational corruption networks and the misuse of public...

The Digest: A new voice for Nigeria's oil firm. The Nigerian National Petroleum Company (NNPC) Limited has announced two key appointments, naming Andy Odeh as its new Chief Corporate Communications Officer and Morenike Adewunmi as its Chief Relations Officer. The appointments come two months...

The Digest: The Nigerian National Petroleum Company (NNPC) has inaugurated a 113km segment of the long-awaited Obiafu-Obrikom-Oben (OB3) gas pipeline. After missing several deadlines, the project’s commissioning is a small but significant step in a series of energy developments Key Points...

Digest: The Federal High Court in Abuja has ordered the freezing of four Jaiz Bank accounts linked to Mele Kyari, the former NNPCL boss, after the EFCC raised concerns about suspicious activities. The EFCC discovered N661.4 million suspected to be illicit funds in the accounts. Key Points...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced petrol prices by N10 in Lagos and Abuja. Prices are now N865 per litre in Lagos and N890 per litre in Abuja, down from N875 and N900 respectively. This follows previous price fluctuations and aligns with NNPC's aim to...

The Digest: The Nigerian National Petroleum Company Limited (NNPCL) has reduced its fuel pump price to ₦890 per litre in Abuja, following a price cut by the private Dangote Refinery. This downward shift, a clear example of the Market's Ripple, signals a new era of price competition and market...

The Digest: NNPC has swiftly dismissed a pump attendant caught swindling a customer at a filling station in Ikorodu, Lagos. The move follows a viral video that drew public attention to the fraudulent incident. The company reaffirms its commitment to integrity and customer service excellence...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced the petrol price to N875 per litre in Lagos and N900 in Abuja, just days after a price hike. This move marks a N40 per litre decrease in both cities, providing some relief for consumers. Key Points: NNPC cuts petrol...

The Digest: The Nigerian Presidency has denied reports claiming that Bayo Ojulari, the Group CEO of Nigerian National Petroleum Corporation Limited (NNPCL), was coerced into signing his resignation letter. Presidential spokesperson, Sunday Dare, provided the clarification, calling the...

The Digest: Sources from the Economic and Financial Crimes Commission (EFCC) have strongly denied reports that Bayo Ojulari, CEO of NNPC, was abducted and forced to resign. The EFCC refuted the claims, calling them "mischievous and ridiculous." Key Points: EFCC sources dismiss claims that...

The Digest: Bayo Ojulari, CEO of NNPC, was allegedly abducted by EFCC and DSS officials after being pressured to sign his resignation letter. The incident has raised concerns over political maneuvering, with sources hinting at tensions involving businesswoman Olatimbo Ayinde. Key Points: Bayo...

The Digest: In response to rising concerns over Nigeria's refinery assets, the Nigerian National Petroleum Corporation (NNPC) has confirmed that the Port Harcourt Refining Company (PHRC) will not be sold. NNPC’s Group CEO, Bayo Ojulari, assured that the company is focused on completing...