$24bn Investments Flow into Nigeria’s Oil Sector as Reforms Take Hold - NNPC The Nigerian National Petroleum Company Limited (NNPCL) has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline,...

The Nigerian National Petroleum Company Limited (NNPCL) says crude oil production has risen from a historic low of 960,000 barrels per day in 2022 to an average of 1.71mbpd, peaking at 1.84mbpd in 2025, thanks to intensified pipeline security in the Niger Delta.

Nigeria is ramping up efforts to strengthen crude oil production, with the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Bashir Bayo Ojulari, projecting an incremental increase of about 100,000 barrels per day (bpd) in the coming months.

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...