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Protesters Urge AGF to Investigate Mele Kyari over Alleged $2bn Crude-for-Loan Deal
Led by their convener, Kabir Matazu, the protesters raised alarms over a slew of alleged financial irregularities and opaque transactions that reportedly occurred under Kyari’s leadership.
Abuja, Nigeria – A coalition under the banner of Concerned Citizens Against Corruption staged … Continue Reading
Ojulari Charts $60bn Investment Plan for NNPC, Targets 3mbpd Oil Output by 2030
His appointment on April 2, 2025, by President Bola Ahmed Tinubu, marked a significant shift in NNPC’s leadership structure. It followed a sweeping board overhaul that saw the exit of former GCEO Mele Kyari, board chairman Chief Pius Akinyelure, and
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NNPCL Increases Petrol Pump Price to N950/Litre
The price hike follows a series of fluctuations in recent months. In March 2025, NNPCL had reduced its pump price to N860 per litre to remain competitive with Dangote Refinery’s pricing. However, rising global oil prices, currency exchange rate fluctuations,
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BREAKING: Tinubu Sacks Kyari As NNPCL Boss, Names Replacement
He directed the board to immediately review NNPCL’s operational and joint venture assets, aligning them with national economic goals. The administration aims to boost oil production to two million barrels per day by 2027 and three million barrels daily by
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Nigeria’s Oil Sector Reforms Attract $17bn in Foreign Investments – NNPC
This development was disclosed by NNPCL’s Executive Vice President of Upstream, Udy Ntia, during an investor session at the 2025 CERAWeek conference by S&P Global in Houston, Texas. The company’s spokesperson, Olufemi Soneye, issued a statement on Wednesday highlighting the
… Continue ReadingNNPCL Denies Allegations of Substandard Petrol, Threatens Legal Action
Lagos, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has strongly refuted claims made in a viral social media video that petrol sold at its outlets is substandard and does not last as long as that supplied by Dangote … Continue Reading
NNPCL Blocks Dangote Refinery’s Attempt to Amend N100b Import License Lawsuit
Dangote Refinery had filed a suit at the Federal High Court in Abuja seeking to nullify import licenses issued to NNPCL, Matrix Petroleum Services Limited, A.A. Rano Limited, and four other companies. The refinery claims that these companies continue to
… Continue ReadingSERAP Demands Accountability from NNPCL Over N825bn, $2.5bn Refinery Funds
Lagos, Nigeria – The Socio-Economic Rights and Accountability Project (SERAP) has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to account for N825 billion and $2.5 billion earmarked for refinery rehabilitation … Continue Reading
BREAKING: NNPCL Reduces Petrol Price to N965 in Abuja
Despite the price adjustment at NNPCL stations, other independent and major marketers were observed selling petrol at rates between N1,030 and N1,070 per litre in various locations across Abuja.
Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has … Continue Reading
NNPCL Confirms Reduced Operations at Port Harcourt Refinery
For now, the Port Harcourt Refinery continues limited operations as the upgrade progresses.
Port Harcourt, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has confirmed a reduction in operations at the Port Harcourt Refinery, citing ongoing upgrades to the … Continue Reading