NNPCL Remittance Hits N10tn in 2024 – Kyari The Nigerian National Petroleum Company Limited has announced that it remitted N10 trillion to the Federation Account as of September 2024. NNPCL Group Chief Executive Officer, Mele Kyari, revealed this during a budget defence session before the Joint...

FG Rakes in N50tn from Crude Oil in 2024 - Report Data from the Nigerian Upstream Petroleum Regulatory Commission reveled that Nigeria’s crude oil revenue rose to about N50.88tn in 2024. According to NUPRC, an agency of the Federal Government, confirmed that Nigeria produced a total...

Retailers to Begin Loading from P’Harcourt Refinery – PETROAN Barring any last-minute change in plans, marketers and retailers of petroleum products will lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association...

How NNPCL Turned Down Dangote's $750m Offer to Manage Nigeria Refineries - Obasanjo Former President Olusegun Obasanjo has disclosed details of how the Nigerian National Petroleum Corporation (NNPC) rejected a $750m offer by billionaire business tycoon Aliko Dangote to manage the Port Harcourt & Kaduna...

Marketers Predict Fuel Price Drop as Warri Refinery Resumes Production   The Nigerian Midstream and Downstream Petroleum Regulatory Authority and oil marketers have announced that the resumption of operations at the Warri Refining and Petrochemicals Company Limited is expected to lead to a further reduction in...

Why We Reduced Petrol Price to N899 - Dangote  Aliko Dangote, President of Dangote Industries Limited, has disclosed that market dynamics are primarily responsible for the recent drop in the price of Premium Motor Spirit, commonly known petrol, to N899.50 per litre at its loading...