Dangote Refinery Reduces Petrol Price
In a move expected to provide relief to consumers nationwide, several major downstream petroleum marketing companies have announced adjustments to their petrol pump prices. This development follows a recent reduction in the ex-depot price of Premium Motor Spirit (PMS) by the Dangote Petroleum Refinery, as confirmed by company sources. Effective Wednesday, April 16, 2025, the […]
Reps Direct NNPC To Remit $2BN In Unpaid Taxes, Approve MTEF/FSP
The House of Representatives on Wednesday directed its Committees on Finance, and Petroleum (Upstream and Downstream) to investigate allegations of financial irregularities by the Nigerian National Petroleum Corporation (NNPC). The probe follows reports from the Revenue Mobilization, Allocation, and Fiscal Responsibility Commission, which claim that the NNPC withheld N8.48 trillion in purported subsidies for petrol. […]
Peter Obi Commends NNPC on Revamp of Port Harcourt Refinery
The Labour Party’s presidential candidate in the 2023 elections, Peter Obi, has lauded the Nigerian National Petroleum Corporation (NNPC) for delivering on its promise to rehabilitate the old Port Harcourt refinery. Obi described the achievement as a significant milestone while urging for transparency in the corporation’s operations. The Port Harcourt refinery, which resumed operations on […]
RSG Denies Rumors of Governor Fubara Shutting Down NNPCL and Oil Companies
The Rivers State government has firmly denied allegations circulating on social media that Governor Siminalayi Fubara has ordered the closure of the Nigerian National Petroleum Company Limited (NNPCL) and other oil companies operating within the state. The government clarified that this claim is entirely untrue, dismissing it as misleading propaganda designed to create confusion and […]
Nigerians Stunned as NNPC Admits $6.8 Billion Debt to Petrol Suppliers
The Nigerian National Petroleum Company Limited (NNPC) recently shocked the nation by admitting to a massive $6.8 billion debt to petrol suppliers, a claim it had vehemently denied multiple times. “This stunning reversal raises questions about transparency, accountability, and the true state of the nation’s oil finances,” said DARE OLAWIN. The company had consistently denied […]
Dangote Group Yet to Finalise Petrol Pricing with NNPC
Dangote Group said the company was yet to finalize petrol pricing with Nigerian National Petroleum Company (NNPC) Limited on Thursday. The company management said this in a published memo tagged, “NNPC Yet To Lift Our Petrol,” while debunking an alleged media publication that was published on September 4. “Our attention has been drawn to a […]
Driver, Passengers Lament Over Hike in Fuel Price, Transportation Cost in Rivers State
Drivers, and passengers have lamented over the hike in the price of fuel known as patrol and transportation costs in Port Harcourt, Rivers State. This came shortly after the Nigeria National Petroleum Corporation (NNPC) Ltd announced the $6 billion debt owned by the company. Michael Amadi, a 45-year-old driver, complained about the effect of the […]
Fuel crisis deepens in Nigeria as scarcity persists despite NNPC assurance
By Tina Amanda The ongoing fuel crisis in Nigeria continues to disrupt daily life, as filling stations in major cities like Abuja, Lagos, and Port Harcourt remain shut due to stock shortages. This shortage is in stark contrast to repeated assurances from the Nigerian National Petroleum Company (NNPC) that sufficient fuel is in circulation. […]
Akwa Ibom community protests death of 23-year-old inside NNPC premises in Port Harcourt
By Tina Amanda Some members of the Akwa Ibom community staged a protest on Friday 23 August, 2024, in response to the death of 23-year-old Asher Christopher Dan. Asher died under unclear circumstances inside the Nigeria National Petroleum Company (NNPC) premises on Moscow Road, Port Harcourt, Rivers State, on Tuesday, August 20, 2024. The protesters […]
NNPC contract Staff dies in Port Harcourt office
By Tina Amanda The family of 23-year-old Asher Christopher is raising concerns about possible foul play in the death of their son at the Nigeria National Petroleum Company (NNPC) office on Moscow Road, Port Harcourt, on Tuesday, August 20, 2024. Asher, a native of Akwa Ibom State, was a contract staff member at the NNPC […]
NNPC Goals: Two Million Barrels Oil Production Daily
The Nigerian National Oil Corporation has announced a target of increasing crude oil production to 2 million barrels per day by the end of the year. According to the Nigerian Upstream Petroleum Regulatory Commission, the country’s daily production increased to 1.6 million barrels per day in July from 1.27 million barrels in June. Speaking at […]
Minister Backs Port Harcourt Refinery Revamp Amid Licensing Process
The Port Harcourt Refining Company is currently undergoing various licensing processes following the supply of crude to the plant after its mechanical completion in December 2023. Senior officials at the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited disclosed this on Saturday. Similarly, the Minister of State for Petroleum Resources (Oil), […]