$6.8bn Debt: NNPC Admission Sparks Integrity Concerns   The Nigerian National Petroleum Company Limited (NNPCL) recently shocked many Nigerians when it admitted owing petrol suppliers. The masses were not surprised that the company was in debt; rather, they found it difficult to believe that after months...

NLC Blames FG Policy for NNPC, Dangote Price Disagreements The President of the Nigeria Labour Congress, Joe Ajearo, has attributed the current uproar between the Nigeria National Petroleum Company Limited and the Dangote Petroleum Refinery to alleged government policy somersault and fraudulent moves by some...

New Production of Low-sulphur Crude Rises 996,070 barrels, Says FG The Federal Government has revealed that daily average production of Utapate, Nigeria’s new low-sulphur crude oil grade, has risen to 32,000 barrels per day. It disclosed this in a report obtained on Wednesday from the Nigerian...

Why Port Harcourt Refinery Operations Stall Despite Overhaul The Port Harcourt refinery has not formally commenced operations despite completing its overhaul for the production of petroleum products “in order to avoid a situation where the refinery produces for a few months and shuts down for...

Why Nigerians Should Ignore N898 Petrol Price – Dangote Clarifies Dangote Group of companies has urged Nigerians to await formal announcement on the pricing on Naira-based crude sales to local refineries, which will commence on October 1, 2024, while disregarding reports claiming its refinery sold...

JUST IN: Dangote Refinery Sells Petrol for N898 Per Litre The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it bought fuel at N898 per litre from Dangote Refinery. The oil firm had moved about 300 trucks to the 650,000 capacity refinery in Lagos, on...