NNPC Faces Scrutiny Over N514bn Transactions   The Office of Auditor-General for the Federation has exposed significant financial irregularities in the Nigerian National Petroleum Company Limited's operations for 2021, totaling N514 billion. These infractions include unauthorized deductions, misappropriation of funds, and delayed remittance of earnings to...

Marketers Predict Fuel Price Drop as Warri Refinery Resumes Production   The Nigerian Midstream and Downstream Petroleum Regulatory Authority and oil marketers have announced that the resumption of operations at the Warri Refining and Petrochemicals Company Limited is expected to lead to a further reduction in...

'Dangote Refinery Received $1bn Loan from NNPCL'   The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the...

FG Auditors Probe NNPCL’s N2.7trn Subsidy Refund Claim   The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government. This is as the...

FG Plans Rehabilitation of 5,120km Crude Oil Pipelines The Federal Government, through the Nigerian National Petroleum Company Limited, has commenced a process to comprehensively rehabilitate 5,120km of pipelines transporting crude oil and other petroleum products. These pipelines, which are crucial for the transportation of crude oil...

Why We Didn't Meet Port Harcourt Refinery Completion Deadline - NNPC   Barely two months after the September completion deadline flop, the Nigerian National Petroleum Commission has explained why it could not deliver the much-awaited Port Harcourt Refinery Company. In an interview on Monday, the NNPC Chief...