We Recorded 157 Oil Theft in Niger Delta Within a Week - NNPCL   Despite renewed efforts aimed at tackling oil theft, the Nigerian National Petroleum Company Ltd (NNPCL), said it recorded 157 incidents within one week (December 30, 2023 and January 5, 2024) in the...

NNPCL Records Over N2trn Profit   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977...

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...