Port-Harcourt Refinery Set to Comence this Month – NNPCL The NNPCL has stated that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month ahead of the full resumption of work later. The Spokesperson for the NNPCL Femi Soneye stated this yesterday....

NNPC Oil Revenue Remittance Raises Fresh Questions   The Nigerian National Petroleum Corporation Limited’s alleged failure to remit enough oil revenues to the federation’s coffers has sparked concerns about the organisation’s transparency. Experts suggest auditing the corporation’s books to enhance transparency and strengthen the naira. The Nigerian...

Port Harcourt Refinery Commences Operations The Federal Government has confirmed the commencement of operations at the Port Harcourt Refining and Petrochemical Company in Rivers State. It announced that the facility commenced operations on December 20, 2023, as the first phase of work at the plant had...

$60bn Cash Call: Reps Probe NNPCL Over Losses The House of Representatives on Wednesday resolved to investigate the Nigerian National Petroleum Company Limited (NNPCL) over an alleged loss of an estimated $60bn to inflated Cash Calls. To this end, the House mandated its Committee on Finance...

NNPCL Board Sets 2mbpd Target as Tinubu Inaugurates 11-Man Board President Bola Tinubu has inaugurated the 11-man board and management team for the Nigerian National Petroleum Company Limited (NNPCL) with a charge on the board members to focus on profitability, increased production, and robust governance. Speaking...

NNPCL Assures Crude Oil Production, Realistic Price Benchmark for 2024 Budget The Nigerian National Petroleum Company Limited has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief Executive Officer (GCEO) of the Company,...