Monopoly: Price Hike Drives Oil Marketers out of Fuel Imports - Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has defended the company’s current monopoly in fuel import, arguing that oil marketers withdrew from fuel importation due to...

W’Bank Knocks NNPCL, Says not Transparent on Subsidy Gains, Oil Revenues The World Bank has disclosed that the Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal. This extends to subsidy arrears that are still being deducted and the...

Tinubu Should Not be Petroleum Minister - Sanusi Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company Limited (NNPCL), noting that this call was what cost him his job at...

NNPCL Seals Gas Deals for Local, International Markets The Nigerian National Petroleum Company Limited has announced that it had signed two major agreements to deliver Liquefied Natural Gas to the domestic gas market and the international LNG market. It said the agreements were signed during two...

NNPC to Review Pricing Regime For Crude Oil Traders   The Nigerian National Petroleum Company Limited (NNPCL) will review how its crude cargoes are priced from January 2024. A report by Bloomberg quoting a circular by the company stating that the new product pricing would be against...

COP28: 'NNPCL is Creating a Regional Network to Boost Africa's LNG Supply' The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari says the company is creating a regional gas pipeline network to supply natural gas across Africa He said this while...