NNPC Halts Crude-Backed Loans to Finance PH, Warri Refineries   The Nigerian National Petroleum Company Limited (NNPCL) has said it is ending the practice of financing the Port Harcourt and Warri refineries with loans backed by crude oil production, opting instead for a performance-driven funding model...

The Nigerian National Petroleum Company Limited (NNPC) has cut operating costs by $3.4 billion through contract restructuring and optimisation, in what it described as one of its biggest efficiency gains since becoming a commercial enterprise.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that its new Memorandum of Understanding (MoU) with two Chinese firms is not a fresh spending commitment or contract award.

NNPC Completes OB3 Pipeline Crossing River Niger   The Nigerian National Petroleum Company Limited (NNPC) has completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben gas pipeline, unlocking a key segment of the country’s gas transmission network and paving the way for increased supply to power...

Nigeria’s upstream oil and gas sector has attracted over $24 billion in capital inflows following targeted interventions by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), according to NNPCL Group Chief Executive Officer, Engr. Bashir Bayo Ojulari.

Senate Grills Ojulari, Kyari Over N210trn NNPC Audit Issues   The Senate, through its Committee on Public Accounts, has given the management of Nigerian National Petroleum Company (NNPC) Limited an April 29 deadline to appear before it to account for the N210 trillion flagged in audit...