NNPCL $1bn Investment Claim Misleading, False, Says Dangote The Dangote Petroleum Refinery has stated that the Nigerian National Petroleum Company Limited provided inaccurate and misleading information regarding its $1bn investment in the refinery’s operations. The $20bn Lekki-based firm stressed that the facts were misrepresented in a...

NNPCL Loses Oil Blocks to TotalEnergies, Others The Nigerian National Petroleum Company Exploration and Production Limited, a subsidiary of the Nigerian National Petroleum Company Limited, lost out in the just-concluded oil licensing bid round as winners emerged on Wednesday. The winners were formally announced by the...

How FG Supported Dangote with $1bn Loan to Establish Refinery – NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial...

Oil Production Rises 9%, Hits 1.7mbpd in 2024 - FG The Federal Government says Nigeria’s oil production, including condensates, jumped by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024 According to the latest data released...

NNPC Announces 90% Completion of Port Harcourt Refinery Plant   The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the ongoing repair of the new 150,000 barrels per day Port Harcourt Refining Company has reached over 90 per cent completion rate. This is according to the...

Port Harcourt Refinery's Second Plant Under Progress – Onanuga The Special Adviser on Information and Strategy to President Bola Tinubu, Mr Bayo Onanuga, has said work is currently ongoing at the 150,000 barrels per day plant of the Port Harcourt Refining Company in Rivers State. PHRC...