NNPC Boss Calls For African Cooperation on Energy Security
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Engr. Bashir Bayo Ojulari has called on African nations to deepen cooperation to safeguard the continent’s energy future. Speaking on Tuesday, September 15, at the African Petroleum Producers’ Organisation (APPO) CEOs Forum, Ojulari emphasised that Africa must “take ownership of its […]
NNPC Seeks $60B for Gas Infrastructure Growth
Nigeria’s energy sector is gearing up for significant expansion as the Nigerian National Petroleum Company Limited (NNPCL) announces ambitious plans to secure $60 billion in investments over the coming five to seven years. This initiative, unveiled at the Gastech Exhibition and Conference in Milan, Italy, on September 10, 2025, focuses on enhancing natural gas production […]
NUPRC Oversees Execution Of Deepwater Oil Block Deals
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Monday, September 1, marked a pivotal moment in Nigeria’s energy sector by facilitating the closing ceremony of the execution of a Production Sharing Contract (PSC) for two deepwater oil blocks, Petroleum Prospecting Licences (PPLs) 2000 and 2001, awarded to the TotalEnergies-Sapetro Consortium. The agreement, finalised in Abuja […]
NNPC Suspends Rehabilitation at Port Harcourt Refinery Amid Heavy Losses
The Nigerian National Petroleum Company (NNPC) Limited was incurring losses of up to N500 million monthly from operations at the Port Harcourt refinery before rehabilitation works were suspended, the company’s Group Chief Executive Officer, Bayo Ojulari, has revealed. Ojulari made the disclosure on Thursday, August 28, while receiving a delegation from the Petroleum and Natural […]
Group Alleges NNPCL Boss Favours Private Refinery Over Public Assets
Hoscom Bulk Petroleum Retailers of Port Harcourt Refinery has accused the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, of deliberately working to give a competitive edge to a private refinery while neglecting state-owned facilities. The group raised the alarm following Ojulari’s recent comments during a courtesy visit by […]
NNPC, Partners Sign Major Gas Agreements to Bolster Nigeria’s Energy Sector
In a move to address persistent gas shortages and strengthen the nation’s energy security, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas suppliers have signed long-term agreements to supply gas to the Nigeria Liquefied Natural Gas Limited (NLNG). The agreements, which are set to last for 20 years with potential for […]
NNPC’s Profit Falls to Nearly 80% in July
The Nigerian National Petroleum Company Limited (NNPC), the country’s state-owned oil giant, on Thursday, August 21, reported a steep decline in its financial performance for July 2025. Profit after tax plummeted to N185 billion, down from N905 billion in June 2025, marking a 79.6 percent drop. This sharp reduction highlights ongoing challenges in the oil […]
Obele Faults NNPCL’s Decision to Retain Port Harcourt Refinery, Urges Tinubu to Intervene
A community stakeholder, Dr. Joseph Obele, has expressed strong dissatisfaction with the decision by the Nigerian National Petroleum Company Limited (NNPCL) to exclude the Port Harcourt Refining Company from its privatization plans. While NNPCL is reportedly preparing to sell the Warri and Kaduna refineries, the decision to retain Port Harcourt under its management has drawn […]
NNPC Reaffirms Commitment to Port Harcourt Refinery, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed speculations surrounding the potential sale of the Port Harcourt Refining Company (PHRC), stating categorically that the plant is not for sale. Instead, the company announced its intention to secure additional funding to complete the rehabilitation of the Port Harcourt, Kaduna, and Warri refineries. Over the […]
PETROAN Reacts to Dangote’s Remark on NNPCL Refineries
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has expressed dissatisfaction over comments attributed to the President of Dangote Group, Alhaji Aliko Dangote, saying NNPCL-owned Refineries may never work again.PETROAN’s National Public Relations Officer, Dr. Joseph Obele, said that contrary to Alhaji Dangote’s skeptical view, the Nation’s Refineries will come alive and become […]
NNPC Leadership Under Organised Sabotage Attack
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed what it describes as a sophisticated and coordinated sabotage campaign targeting its leadership and ongoing transformation efforts. NNPC Ltd, in a statement released on Friday, claimed a syndicate of both identifiable and anonymous individuals, operating internally and externally, is actively disseminating falsehoods to undermine its […]
NNPC Spokesperson Femi Soneye Resigns
Twenty months after his appointment as the spokesperson for the Nigerian National Petroleum Company (NNPC) Limited, Femi Soneye has resigned from his position. In a statement posted on his Facebook page on Saturday, Soneye said his decision to step down would enable him to dedicate more time to his family and attend to personal responsibilities […]