NNPC Faces Scrutiny Over N514bn Transactions   The Office of Auditor-General for the Federation has exposed significant financial irregularities in the Nigerian National Petroleum Company Limited's operations for 2021, totaling N514 billion. These infractions include unauthorized deductions, misappropriation of funds, and delayed remittance of earnings to...

'Dangote Refinery Received $1bn Loan from NNPCL'   The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the...

Dangote Amends Suit, Insists Ban On Fuel Import   The Dangote Petroleum Refinery and Petrochemicals FZE has approached the Federal High Court in Abuja to amend its suit against the Nigerian National Petroleum Company Limited and others to read the actual name of the entity. Recall that...

The Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Authority (NUPRA) say the country’s crude oil production

Why We Didn't Meet Port Harcourt Refinery Completion Deadline - NNPC   Barely two months after the September completion deadline flop, the Nigerian National Petroleum Commission has explained why it could not deliver the much-awaited Port Harcourt Refinery Company. In an interview on Monday, the NNPC Chief...

IPMAN: Marketers Begin Purchase of Petrol at N990/litre from Dangote Refinery The Independent Petroleum Marketers Association of Nigeria has revealed that over 30,000 of its members are ready to buy Premium Motor Spirit, popularly called petrol in bulk, from the Dangote Petroleum Refinery. IPMAN also disclosed...