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.

Three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc, have signed Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd), namely Nigerian Gas Marketing Limited and NNPC Gas Infrastructure Company Limited (NGIC).

The Nigerian National Petroleum Company (NNPC) Limited has increased petrol price to N835 per litre in Lagos, and N839 per litre in Abuja.

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 Nigerian National Petroleum Company (NNPC) is struggling with N30.30tn in debts owed by subsidiaries, joint ventures, and related entities, a 70.4% increase from 2023, according to NNPC's 2024 audited financial statements.