NNPC reduces its stake in Dangote Refinery from 20% to 7.2% due to strategic realignment. The decision, communicated months prior, aims to align with NNPC's objectives. The refinery, a key project in Nigeria’s energy sector, began production on January 12. Future impacts remain closely watched...
Aliko Dangote announced that the Dangote Petroleum Refinery will begin petrol supply by mid-July after a minor delay. Initial production was slated for June, aiming to end Nigeria's fuel imports. Talks are ongoing with international oil companies to ensure domestic crude oil supply obligations...
In a major development, a high-ranking official from the Nigerian National Petroleum Corporation (NNPC) is under scrutiny in the United States. Paulinus Iheanacho Okoronkwo, a 67-year-old dual citizen of Nigeria and the U.S., has been indicted on charges of bribery and tax evasion. The Federal...
Fresh facts have emerged as to the underlying reasons the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, was removed as the Group Managing Director of the Nigeria National Petroleum Corporation(NNPC), after serving in that capacity for a period of 11 months.
Before his...
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