The Nigerian National Petroleum Company Limited (NNPCL) has declared a profit after tax of N5.4tn for the financial year ended 2024, marking one of its strongest performances since its transition into a limited liability company.
The Presidency on Monday said that it is considering a restructure of asset ownership in the Nigerian National Petroleum Company Limited to increase dwindling crude oil production.
The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the ₦210 trillion outstanding against the oil firm.
Retailers Warn Monopoly Threatens Nigeria’s Oil Market
The Petroleum Products Retail Outlets Owners Association of Nigeria has warned against monopolistic practices in the downstream oil sector, saying fair access and open competition are critical to sustaining Nigeria’s deregulated market.
Presenting a paper titled “New Frontiers for...
Executive vice president (EVP) of downstream, NNPC Ltd., says the nation’s downstream oil and gas sector is undergoing a transformation driven by deregulation, foreign exchange reforms, and strategic collaborations.
