FG to Reclaim Dormant Oil Fields, Begins License Review The Federal Government has declared an end to what it described as the “era of speculative licensing,” where companies acquire oil blocks but fail to develop them, hence putting an end to dormant oil fields. This came...

The Nigerian National Petroleum Company Limited (NNPCL) generated a total revenue of N6.008tn in May 2025, marking a marginal increase from the N5.972tn posted in April, even as crude oil and condensate production also showed slight improvement during the month.

NNPC Uncovers Sabotage Plot, Reiterates Commitment to Reforms   The new leadership of the Nigerian National Petroleum Company Limited (NNPCL) led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a...

Senate Slams NNPCL for Rejecting N210trn Audit Investigation   The Nigerian National Petroleum Company Limited (NNPCL) on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports from 2017 to 2023. Despite being summoned,...

Dangote Refinery Receives N219.38bn Crude in Four Months - FG The Federal Government sold crude oil valued at N219.38bn to the Dangote Petroleum Refinery in the first four months of 2025. The government also earned $1.59m from crude oil exports in April 2025, during the period...

FG Plans Intervention as Rising Debts Threaten NNPCL Power Plants The Federal Government says it is considering strategic interventions to address power tariff challenges affecting gas supply and payment structures at key thermal plants owned by the Nigerian National Petroleum Company Limited. This development emerged during...