NNPCL Records Over N2trn Profit   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977...

NNPC to Review Pricing Regime For Crude Oil Traders   The Nigerian National Petroleum Company Limited (NNPCL) will review how its crude cargoes are priced from January 2024. A report by Bloomberg quoting a circular by the company stating that the new product pricing would be against...

Tinubu Reappoints Kyari As NNPCL Boss, Names Perm Secs for Petroleum, Finance   President Bola Tinubu has reappointed Malam Mele Kyari as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). This was announced in a statement issued by Presidential spokesman, Ajuri Ngelale,...

Port Harcourt Refinery will Start Operation in December - Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has confirmed that the Port Harcourt refinery will start working in December 2023. Kyari made the confirmation on Thursday during his...

NNPCL to End Fuel Importation by Dec 2024 The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then. It also projected that the national oil...

Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn   The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday. NNPCL,...