Nigerian National Petroleum Company Limited (NNPCL)
NNPCL Reduces Petrol Price to N860 Per Litre – Marketers
Despite the price reduction, NNPCL’s official spokesperson, Olufemi Soneye, has not responded to calls or messages seeking clarification on the matter.
Lagos, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has reportedly reduced the pump price of petrol to … Continue Reading
Nigerian Man Claims Dangote Refinery’s Fuel Lasts Longer Than NNPC Fuel
The Dangote Refinery, which began production in 2024, was launched with the promise of reducing Nigeria’s reliance on fuel imports and stabilizing local fuel prices. However, its market entry has been met with challenges, including delays in distribution, competition with
… Continue Reading
NNPCL Refutes Claims of $6.8bn Debt to Foreign Oil Traders
The statement also countered accusations that the NNPCL has not remitted funds to the federation account since January.
Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has dismissed reports suggesting that it owes international oil traders … Continue Reading
NNPCL Confirms Fuel Scarcity in Lagos and Abuja
The Nigerian National Petroleum Company Limited (NNPCL) has acknowledged fuel supply and distribution challenges in parts of Lagos and the Federal Capital Territory (FCT), assuring the public that efforts are underway to restore normalcy.
In a statement released … Continue Reading
Dangote Refinery: why NNPC’s Stake Reduced from 20% to 7.2%
The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation (NNPC) no longer owns a 20% stake in the refinery. According to Dangote, the corporation had been expected to settle its outstanding balance … Continue Reading
Dangote Refinery to Start Producing Petrol in August, Crude Supply Issues Resolved
The Dangote Refinery, Nigeria’s largest oil refinery, is set to start producing petrol by August 2024 after resolving its crude oil supply issues, its president, Alhaji Aliko Dangote, announced.
The refinery, located in the Lekki Free Trade Zone in … Continue Reading
Nigeria bags fresh $925m in oil-backed loan from Afreximbank
The African Export-Import Bank (Afreximbank) announced an additional disbursement of $925 million as part of the syndicated $3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). This latest funding, under Project Gazelle Funding … Continue Reading