NNPC Sees Revenue Surge to N4.65tn in August Despite Production Drop   The Nigerian National Petroleum Company Limited (NNPCL)’s cumulative revenue has reached N4.655 as of August 2025, up from N4.406 trillion recorded in July, even as crude oil and natural gas production dropped due to...

Marketers Demand NNPC Settle N25bn Equalisation Funds   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked the Nigerian National Petroleum Company Limited to pay the long-held petroleum equalisation funds owed to its members. The marketers also urged the NNPC Group Chief Executive Officer, Bayo Ojulari,...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Monday, signed a production sharing contract (PSC) with TotalEnergies and South Atlantic Petroleum (Sapetro) for petroleum prospecting licences (PPL) 2000 and 2001.

NNPC Says Prolonged Neglect Hampering Refinery Rehabilitation   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, has declared that fixing the country’s refineries under NNPC’s management has been difficult due to the neglect of the plants for decades. He also...

NNPC Laments Delay in Tapping Oil Reserves   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Bayo Ojulari, has warned that Nigeria must urgently turn its oil reserves into production, saying crude in the ground holds no value until it is...

Nigeria Targets $4.5bn Cost Savings in Oil and Gas Sector by December   Nigerian National Petroleum Company Limited (NNPC) has said the country’s oil and gas industry is on course to save between $3 billion and $4.5 billion in operational costs this year, while pursuing investment...