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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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- 1 min read
- crude oil sales dangote refinery local refining naira-for-crude deal nnpc
- Category: Business
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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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- 2 min read
- dangote petroleum refinery local refineries naira-for-crude deal nigeria petrol prices nnpc
- Category: Business
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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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- isiyaku abdullahi kumar tsukwam naija news niger state news nnpc the whistler newspaper
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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 fuel prices nnpc petrol price increase
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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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Business Nigerian Petroleum Company NNPCL To Sell N995/Litre To Oil Marketers Despite DSS Intervention - Sahara Reporters
https://saharareporters.com/2024/10/15/nigerian-petroleum-company-nnpcl-sell-n995litre-oil-marketers-despite-dss-intervention- Kayode Israel
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- dangote refinery hammed fashola naija news nigeria news nnpc sahara reporters news
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- Forum: Business News Links
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Nigeria Fuel Supply Challenges: IPMAN Blames NNPCL for N15 Billion Debt and Delays
IPMAN highlights a N15 billion debt owed by NNPCL, impacting petroleum supply to marketers. Calls for direct sourcing from Dangote Refinery aim to alleviate pressure amid ongoing fuel shortages across Nigeria. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm...- Nigeria News
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- debt crisis fuel supply ipman nigeria petroleum nnpc
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Nigeria Bobrisky: "Fuel is N1,065 per Liter, Yet I'm Still Blamed for Nigeria's Problems
Bobrisky has sparked reactions on social media after commenting on Nigeria's rising fuel prices, currently at N1,065 per liter. He expressed frustration over being blamed for the country's issues, leading to a mix of humorous and critical responses from users who feel he is part of the broader...- Nigeria News
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- Category: Entertainment
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Nigeria Nigerians Frustrated as Fuel Price Hits N1,030: 'When Will It End?'
Fuel prices in Nigeria have surged to N1,030 per litre at NNPC outlets in Abuja, following the termination of an exclusive purchase agreement with Dangote Refinery. This shift allows other marketers to negotiate prices directly, sparking frustration among motorists amid ongoing economic...- Nigeria News
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- dangote refinery fuel price new fuel price nnpc
- Category: Business
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