N2trn Drop in Petrol Imports as Local Production Improves
Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over N2tn.
According to the latest foreign...
Boost Oil Output by 2026, FG Tells NNPC
The Federal Government has directed the management of Nigerian National Petroleum Company Ltd. (NNPC) to increase oil production beyond current levels by the end of the year.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who...
FG Lauds Naira-for-Crude Deal Milestones
The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation.
This was revealed during a high-level follow-up meeting of the...
Dangote, NNPC Partner for National Development
The President/Chief Executive Officer of the Dangote Group, Aliko Dangote, on Thursday paid a courtesy visit to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, in Abuja.
The high-level meeting, held at the...
NNPC Announces 72% Completion of AKK Pipeline Project
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project is now 72 percent completed.
Group Chief Executive Officer of NNPC Ltd, Mr. Bayo Ojulari, disclosed this yesterday at the 2025 edition...
New Board Crucial to NNPCL's Transformation - Lokpobiri
Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri yesterday said the reconstitution of the board of Nigeria National Petroleum Company Limited (NNPCL) was a strategic decision towards further repositioning of the national oil company.
Lokpobiri spoke...
