Dangote Refinery: Stakeholders to Discuss Petrol Price ahead September Rollout There are indications that the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira will further discuss the pricing of Premium Motor Spirit, popularly...

Report Reveals Nigeria Owes NNPC $4.9bn Fuel Debt The Federal Government owes the Nigerian National Petroleum Company Limited, almost half of what it plans to collect in revenues this year for the petrol subsidy it reintroduced in August last year, Bloomberg reported on Monday. The report...

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...