NNPC Increases Crude Supply to Dangote Refinery Amid Oil Price Surge The Nigerian National Petroleum Company Limited has ramped up crude oil supply to the Dangote Petroleum Refinery in a bid to stabilise fuel availability nationwide, as global oil prices climb with Brent crude trading...

The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in revenue in January 2026, with earnings falling to N2.57 trillion from N4.82 trillion in December 2025.

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPC), has begun sourcing crude oil from international traders to sustain operations at the Dangote Petroleum Refinery, amid mounting fuel price hikes.

The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of petrol at its Abuja outlets to ₦960 per litre, up from ₦875, following a surge in global crude oil prices.

In 2025, approximately 14.66% of Nigeria’s total crude oil production was swallowed by the servicing of crude-backed loan facilities.

Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account President Bola Tinubu has signed a sweeping executive order directing the immediate remittance of oil and gas revenues to the Federation Account, in a move aimed at curbing revenue leakages, eliminating...