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).
Shell Signals Up to $20bn Investment in Nigeria
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‎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.
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‎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.
Marketers to FG: Probe N11.35trn Spent on NNPC Refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the...
The Nigerian National Petroleum Company Limited (NNPC) has cancelled subsidy arrears and other debts owed by the Federal Government totalling N4.01tn, following a reconciliation of accounts between both parties.
