NNPC Records N3.3trn Profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, spoke during a media briefing on the company’s 2023 audited financial statements (AFS) on...

Oil Theft: NNPCL Confiscates Fresh 63 Illegal Refineries in One Week The Nigerian National Petroleum Company Limited has announced that another 63 illegal refineries were discovered and confiscated in the past week. It was revealed in a documentary that the fight against oil theft was yielding...

NIPCO Records 69% Rise in Total Revenue NIPCO Plc, a downstream oil and gas company, has recorded a 69 per cent increase in turnover for the fiscal year 2023 compared to the previous year despite facing product and foreign exchange challenges NIPCO Plc Chairman, Chief Bestman...

NNPCL Launches New Crude Oil Grade, Targets 50,000bpd   The Nigerian National Petroleum Company Limited (NNPC) yesterday announced the introduction of Utapate crude oil blend, a new crude grade into the international oil market. The new blend is from Oil Mining Lease (OML) 13 and is fully...

Nigeria’s Oil Production Hits 1.7m bpd – JTF The Joint Task Force South-South, Operation Delta Safe (OPDS), says Nigeria’s crude oil production has hit 1.7m barrels per day (bpd) and also re-echoed its commitment to securing the pipelines. This came in a statement by the Coordinator...

Dangote Refinery Needs N1.7tn Worth of Crude Supply Monthly The Dangote Petroleum Refinery is going to need about N1.7tn worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited to sell crude to the plant and...