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,...

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...