The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, has admitted that Nigeria’s state-owned refineries were running at a “monumental loss,” forcing his team to halt operations to stop further financial damage.

Shell Signals Up to $20bn Investment in Nigeria ‎ ‎Shell Plc has indicated plans to invest up to $20 billion in Nigeria in the coming years, citing renewed confidence in the country’s oil and gas sector following policy reforms introduced by President Bola Ahmed Tinubu. ‎ ‎The indication...

The Group Chief Executive Officer of NNPC, Bayo Ojulari, has assured Nigerians that the ongoing price competition in the downstream petroleum sector will ultimately benefit consumers.

NNPC Has Option to Increase Stake in Dangote - Aliko   The President of the Dangote Group, Alhaji Aliko Dangote, has said the Nigerian National Petroleum Company Limited (NNPCL) has the opportunity to increase its 7.2 per cent stake in the Dangote refinery. However, Dangote said this...

NNPC Records N380bn Revenue Loss in September   The Nigerian National Petroleum Company Limited (NNPCL) has suffered a drop in both production and earnings, losing about N380bn in September 2025 when compared to the previous month, according to its latest monthly performance report. Figures from the September...

Marketers Demand NNPC Settle N25bn Equalisation Funds   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked the Nigerian National Petroleum Company Limited to pay the long-held petroleum equalisation funds owed to its members. The marketers also urged the NNPC Group Chief Executive Officer, Bayo Ojulari,...