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Featured: Latest Nigerian News
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Nigeria Nigerian Government Commits to Long-Term Naira-for-Crude Policy with Dangote Refinery
The Nigerian government has reaffirmed the indefinite continuation of its Naira-for-Crude deal with Dangote Refinery. The policy aims to support local refining, bolster energy security, and reduce reliance on foreign exchange. Despite challenges, the initiative remains a key directive for...- Nigeria News
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- dangote refinery foreign exchange naira-for-crude nigerian government nnpc petroleum policy
- Category: Business
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Nigeria NNPC Announces Fresh Leadership: New Senior Management Appointed
NNPC has appointed a new senior management team, led by Bayo Ojulari as GCEO. The team will focus on enhancing crude oil and gas production, with a goal to reach 200,000 barrels per day in refining by 2027 and boost production to 2 million barrels per day by 2027. The Nigerian National...- Nigeria News
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- bayo ojulari nigerian oil industry nnpc senior management team
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Nigeria NNPC Raises Petrol Prices Again: N950 in Abuja, N925 in Lagos
NNPC has raised petrol prices to N950/litre in Abuja and N925/litre in Lagos, marking a significant hike. The move follows Dangote Refinery’s halt of sales in naira and ongoing negotiations for a new naira-for-crude deal. Commuters and residents express concerns over rising fuel costs in...- Nigeria News
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- dangote refinery fuel prices nigeria naira-for-crude deal nigeria fuel hike nnpc nnpc abuja lagos petrol price change 2024 petrol price increase
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Nigeria Petrol Prices May Drop to N800/Litre as Landing Cost Falls
The landing cost of petrol in Nigeria has dropped to N774.82 per litre, a 16.5% decrease, due to falling global crude oil prices. This could drive fuel prices lower, sparking competition between NNPC, Dangote Refinery, and importers. Experts predict a further drop to N800 per litre soon. The...- Nigeria News
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- dangote fuel prices nnpc
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Nigeria NNPC Denies Terminating Naira-for-Crude Deal, Says It Was a Six-Month Agreement
The NNPC has clarified that its crude-for-naira deal was a temporary six-month agreement set to expire in March 2025. The company stated that discussions are ongoing for a new contract while reaffirming its commitment to supplying crude for local refining under mutually agreed terms. The...- Nigeria News
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- crude oil sales dangote refinery local refining naira-for-crude deal nnpc
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Nigeria Petrol Prices at Risk of Rising as NNPC Ends Naira-for-Crude Supply to Refineries
The Nigerian National Petroleum Company (NNPC) has ended its naira-for-crude deal with local refineries, including Dangote Petroleum Refinery. This decision could lead to higher petrol prices as refineries will now source crude oil from international markets, potentially impacting Nigeria's...- Nigeria News
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- dangote petroleum refinery local refineries naira-for-crude deal nigeria petrol prices nnpc
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Nigeria Lawmakers Walk Out Mele Kyari for Missing Tax Reform Submission Deadline
NNPC GCEO Mele Kyari was walked out of a House of Representatives tax reform hearing for failing to submit his presentation on time. Committee Chairman James Faleke ruled that Kyari could return later with the required documents. The incident highlights tensions over Nigeria’s ongoing tax policy...- Nigeria News
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- house of representatives mele kyari nigeria tax policy nnpc tax reform hearing
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Nigeria No Explosion at Warri Refinery – NNPCL Confirms Scheduled Maintenance
The Nigerian National Petroleum Company Limited (NNPCL) has denied reports of an explosion at Warri Refinery, clarifying that the facility is undergoing routine maintenance. The company assured stakeholders of a steady petroleum supply and urged the public to disregard misinformation, as full...- Nigeria News
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- nnpc warri refinery
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Nigeria NNPC Assures Public as Warri Refinery Undergoes Maintenance
The NNPC Limited has shut down the Warri Refinery for scheduled maintenance, dismissing reports of an explosion. The intervention aims to enhance operational efficiency and ensure a steady fuel supply. The refinery, restarted in late 2024 after a decade of dormancy, is expected to resume full...- Nigeria News
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- nnpc portharcourt refinery
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Nigeria Dangote vs. NNPC: Court to Decide on Oil Import Licence Dispute
A Federal High Court in Abuja will hear NNPC’s objection to Dangote Refinery’s lawsuit over an oil import licence on February 5. The refinery seeks to nullify import licenses issued to oil firms, citing violations of the Petroleum Industry Act. The court directed Dangote to file a response...- Nigeria News
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- dangote refinery nigerian court nnpc oil import licence petroleum industry act
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Metro Niger Explosion: NNPC Ltd Warns Against Scooping Petrol From Fallen Tankers, Mourns Victims - The Whistler
https://thewhistler.ng/niger-explosion-nnpc-ltd-warns-against-scooping-petrol-from-fallen-tankers-mourns-victims/- Kayode Israel
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Nigeria NNPC Responds to Obasanjo’s Concerns with Invitation to Tour Refineries
NNPC invites former President Olusegun Obasanjo to visit the rehabilitated Port Harcourt and Warri refineries to verify their operational status. This follows Obasanjo's concerns about the refineries' inefficiency and NNPC’s transparency. The company reassures the public of its commitment to...- Nigeria News
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- mele kyari nnpc obasanjo
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Nigeria Mele Kyari: Warri Refinery Now Producing 125,000 Barrels Daily Despite Ongoing Repairs
Mele Kyari, GCEO of NNPC, has announced that the Warri Refinery is now operational, producing 125,000 barrels daily despite ongoing rehabilitation. While work remains, this marks significant progress in Nigeria’s refinery revitalization efforts, with stakeholders optimistic about the refinery's...- Nigeria News
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- mele kyari nigeria refinery rehabilitation nnpc tinubu refinery revitalization warri refinery
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Nigeria NNPC Refutes Shutdown Claim: Port Harcourt Refinery Still Operational
NNPC has denied reports claiming the Old Port Harcourt refinery has shut down. The refinery, which resumed operations in November 2024, is running at 70% capacity, producing kerosene, diesel, LPFO, and petrol. NNPC urges the public to ignore false claims and emphasizes efforts to ensure a steady...- Nigeria News
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- nnpc petroleum products port harcourt refinery refinery operations
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Nigeria NNPC Claims PHRC is Running at 60% Capacity, Despite Shutdown Concerns
The Port Harcourt Refining Company (PHRC) halted operations days after the NNPC announced its re-streaming. Workers claim calibration is underway, but reports reveal "dead stock" was loaded instead of fresh fuel. NNPC insists the refinery is operational at 60% capacity, processing 60,000 barrels...- Nigeria News
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- dead stock fuel production nnpc phrc shutdown port harcourt refinery refinery operations
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Nigeria Peter Obi Commends NNPC for Revamping Refineries in Port Harcourt and Kaduna
Peter Obi congratulates the Nigerian National Petroleum Corporation (NNPC) for revamping the Port Harcourt and Kaduna refineries, boosting Nigeria's crude oil refining capacity. He calls for transparency in NNPC operations to ensure the benefits reach all Nigerians and reduce economic burdens...- Nigeria News
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- nnpc peter obi
- Category: Politics
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Nigeria NNPC Clears the Air on Fuel Quality and Price Hike Protests
NNPC has denied importing adulterated petrol, responding to allegations amid protests over recent price hikes. The company, led by Mele Kyari, reaffirmed its commitment to quality standards and clarified that the GCEO is not responsible for fuel price increases, which have surged significantly...- Nigeria News
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- adulterated petrol fuel price hike mele kyari nnpc nnpcl
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Nigeria No NNPC Approval: Dangote Refinery Addresses IPMAN Concerns
The Dangote Petroleum Refinery clarified it hasn't received payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for petrol sales. The refinery stated that no approval from the Nigerian National Petroleum Corporation (NNPC) exists for such transactions, emphasizing...- Nigeria News
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- dangote refinery ipman nigeria petroleum industry nnpc petrol sales
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Nigeria Nigerians Brace for Higher Costs as NNPC Raises Petrol Prices Again
The Nigerian National Petroleum Company (NNPC) has increased petrol prices, now N1,025 per liter in Lagos and N1,050 in Abuja. This rise follows previous increases and reflects ongoing economic pressures. The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium...- Nigeria News
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Nigeria NNPC and IPMAN Settle Fuel Pricing Dispute, Agree on N995 per Litre
The Nigerian National Petroleum Company (NNPC) will sell petrol to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at N995 per litre. This agreement, facilitated by the Department of State Services, aims to resolve pricing disputes and reduce fuel costs, addressing ongoing...- Nigeria News
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