NNPC Reports N5.7trn Profit, N60.5trn Revenue in 2025   The Nigerian National Petroleum Company LimitedNNPC) recorded a profit after tax of N5.76tn and total revenue of N60.517tn for the 2025 financial year, even as crude oil and condensate production declined to 1.54 million barrels per day...

The Nigerian National Petroleum Company Limited (NNPCL) spent an estimated N13.2 trillion on its three state-owned refineries between 2023 and 2024.

Why We Shut Down the Refineries — Ojulari   The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC Ltd), Engineer Bayo Ojulari, has given reasons why the operations of the government-owned refineries were stopped. Nigeria has four refineries two in Port Harcourt and...

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.