nnpc

Digest: The Federal High Court in Abuja has ordered the freezing of four Jaiz Bank accounts linked to Mele Kyari, the former NNPCL boss, after the EFCC raised concerns about suspicious activities. The EFCC discovered N661.4 million suspected to be illicit funds in the accounts. Key Points...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced petrol prices by N10 in Lagos and Abuja. Prices are now N865 per litre in Lagos and N890 per litre in Abuja, down from N875 and N900 respectively. This follows previous price fluctuations and aligns with NNPC's aim to...

The Digest: The Nigerian National Petroleum Company Limited (NNPCL) has reduced its fuel pump price to ₦890 per litre in Abuja, following a price cut by the private Dangote Refinery. This downward shift, a clear example of the Market's Ripple, signals a new era of price competition and market...

The Digest: NNPC has swiftly dismissed a pump attendant caught swindling a customer at a filling station in Ikorodu, Lagos. The move follows a viral video that drew public attention to the fraudulent incident. The company reaffirms its commitment to integrity and customer service excellence...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced the petrol price to N875 per litre in Lagos and N900 in Abuja, just days after a price hike. This move marks a N40 per litre decrease in both cities, providing some relief for consumers. Key Points: NNPC cuts petrol...

The Digest: The Nigerian Presidency has denied reports claiming that Bayo Ojulari, the Group CEO of Nigerian National Petroleum Corporation Limited (NNPCL), was coerced into signing his resignation letter. Presidential spokesperson, Sunday Dare, provided the clarification, calling the...

The Digest: Sources from the Economic and Financial Crimes Commission (EFCC) have strongly denied reports that Bayo Ojulari, CEO of NNPC, was abducted and forced to resign. The EFCC refuted the claims, calling them "mischievous and ridiculous." Key Points: EFCC sources dismiss claims that...

The Digest: Bayo Ojulari, CEO of NNPC, was allegedly abducted by EFCC and DSS officials after being pressured to sign his resignation letter. The incident has raised concerns over political maneuvering, with sources hinting at tensions involving businesswoman Olatimbo Ayinde. Key Points: Bayo...

The Digest: In response to rising concerns over Nigeria's refinery assets, the Nigerian National Petroleum Corporation (NNPC) has confirmed that the Port Harcourt Refining Company (PHRC) will not be sold. NNPC’s Group CEO, Bayo Ojulari, assured that the company is focused on completing...

The Digest: Nigerians have voiced their dissatisfaction with NNPC Ltd’s N910 per litre fuel price cut, criticizing it as inadequate amid the country’s economic struggles. Despite the company’s 100-day report, many argue that key energy sector issues remain unresolved. Key Points: NNPC...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced the petrol pump price to N890 per litre in Abuja, signaling a continued effort to stabilize fuel prices. This move follows a recent price drop to N895 and highlights ongoing efforts in the fuel sector. Key Points: NNPC...

The Digest: The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N905 billion in June, a decrease from N1.054 trillion in May. This financial update explores deeper issues of national oil company performance, revenue generation, and contributions to the...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N895 per litre in Abuja and N865 per litre in Lagos. This fuel price drop reflects an ongoing shift in the downstream petroleum sector. Key...

The Digest: NNPC CEO Bayo Ojulari disclosed that the rehabilitation of Nigeria's refineries has become increasingly difficult, prompting the company to consider selling them. Despite heavy investments, the Port Harcourt, Warri, and Kaduna refineries remain non-operational. Key Points: NNPC...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced Premium Motor Spirit (PMS) prices to ₦910 per litre, marking a ₦35 decrease from previous rates. The adjustment follows similar cuts by Dangote Refinery and independent marketers, signaling potential relief for consumers...

The Nigerian National Petroleum Company Limited (NNPCL) announced a staggering ₦1.054 trillion profit for May 2025, marking a 40% surge from April's earnings. This financial milestone comes alongside ₦6 trillion revenue and substantial infrastructure investments, signaling robust operational...

The new leadership of the Nigerian National Petroleum Company (NNPC) Limited has raised the alarm over a coordinated sabotage campaign. The company alleges that a syndicate of both internal and external actors is actively spreading misinformation and lies to discredit its leadership and derail...

The Nigerian National Petroleum Company (NNPC) raised the pump price of petrol to ₦925 per litre on June 25, 2025, at several outlets across Lagos. This increase came just two days after a previous hike to ₦915. The meter never stops as market instability and refinery shifts drive repeated fuel...

According to Channels TV, EFCC operatives have arrested former NNPCL CFO, Umar Isa, over an alleged $7.2bn fraud involving Nigeria’s refinery rehabilitation projects. The investigation, part of an ongoing audit trail into questionable spending, also involves former Warri Refinery MD Jimoh...

According to TheCable, petrol prices rose to ₦945/litre in Abuja and ₦915/litre in Lagos on Monday, June 23, 2025. The hike, ₦35 to ₦45 per litre, reflects broader market adjustments after Dangote refinery raised its ex-depot price. Thin air, thicker costs now shape daily survival as NNPC and...