FG Approves 37 New Crude Evacuation Routes as Oil Rigs Rise to 44
The Federal Government says it has approved 37 new crude oil evacuation routes across the country as part of reforms to bolster production and curb theft.
It also said the number of crude...
$3bn Repairs: MAN, Marketers Call On FG to Privatise Refineries
The Manufacturers Association of Nigeria has said the Port Harcourt, Warri, and Kaduna refineries are a drain on the country’s economy, calling on the Federal Government to sell the facilities.
This comes as crude refiners and...
FG to Reclaim Dormant Oil Fields, Begins License Review
The Federal Government has declared an end to what it described as the “era of speculative licensing,” where companies acquire oil blocks but fail to develop them, hence putting an end to dormant oil fields.
This came...
The Nigerian National Petroleum Company Limited (NNPCL) generated a total revenue of N6.008tn in May 2025, marking a marginal increase from the N5.972tn posted in April, even as crude oil and condensate production also showed slight improvement during the month.
NNPC Uncovers Sabotage Plot, Reiterates Commitment to Reforms
The new leadership of the Nigerian National Petroleum Company Limited (NNPCL) led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a...
Senate Slams NNPCL for Rejecting N210trn Audit Investigation
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023.
Despite being summoned,...
