nnpc

The Digest: The Dangote Petroleum Refinery is currently receiving only five crude oil cargoes per month, significantly below the 13 to 15 cargoes it is designed to handle, according to CEO David Bird. Speaking on ARISE News, Bird described the supply as "underperformance against the pre-agreed...

The Digest: The crude supply deal between Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited is facing significant challenges, with the refinery receiving only 29.21 million barrels of crude between October 2025 and mid-March 2026, just 26.9% of its required 108.74...

The Digest Some Nigerian filling stations have reduced petrol pump prices following a sharp drop in global crude oil prices. Ranoil and Empire Energy filling stations lowered their prices to N1,370 and N1,383 per litre, respectively, down from N1,440 and N1,430. The adjustment came as Brent...

The Digest: Dangote Refinery Managing Director David Bird has revealed that the refinery incurs costs from 47 different government agencies, contributing to the final pump price of petrol. Speaking at a press conference in Lagos, Bird said the Federal Government treats the refinery as a...

The Digest: The Dangote refinery has increased its ex-gantry petrol price to N995 per litre, the second hike this week following a N121 jump from the N874 price set just five days ago. Sources at the refinery confirmed the latest review on Friday as global crude oil prices surged to $91 per...

The Digest: The Senate has summoned former NNPC Group Chief Executive Officer Mele Kyari, along with two other officials, over an alleged N210 trillion expenditure by the national oil company between 2017 and 2023 that lawmakers say has not been properly accounted for. Senator Aliyu Wadada...

The Digest: The Nigerian government has commenced implementation of Executive Order 9 on direct oil revenue remittance to the Federation Account, targeting deductions previously retained by the Nigerian National Petroleum Company (NNPC) Limited. Finance Minister Wale Edun announced the...

The Digest: Nigeria has reached an agreement to split the long-disputed Oil Prospecting License (OPL) 245 into four new assets, which will be operated by Eni and Shell . According to a source familiar with the matter, the deal clears the way for development of one of Nigeria's largest...

The Digest: A United States district court has sentenced Paulinus Okoronkwo, a former senior executive of the Nigerian National Petroleum Corporation (NNPC), to 87 months in federal prison over a $2.1 million bribery scheme linked to Chinese oil company Sinopec. Okoronkwo, who served as...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited will commence exportation of Cawthorne, a new light, sweet crude grade, from the end of March, spokesperson Andy Odeh has confirmed. According to Reuters, the new grade has an API gravity of 36.4, placing it in a similar...

The Digest: Aliko Dangote, CEO of Dangote Industries Limited, hosted Nigerian National Petroleum Company (NNPC) Limited GCEO Bayo Ojulari and top executives at the Dangote Petroleum Refinery on Saturday. The Dangote Group shared photos of the visit on X, describing the meeting as a strategic...

The Digest: President Bola Tinubu has signed an executive order stripping the Nigerian National Petroleum Company (NNPC) Limited of powers to deduct oil revenues before remittance to the Federation Account Allocation Committee (FAAC). The order, gazetted February 13, 2026, directs that all oil...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited has reported a profit after tax of N5.76 trillion for the 2025 fiscal year, according to its December 2025 Monthly Report Summary. The national oil company recorded total revenue of N60.51 trillion and made statutory payments...

The Digest: The Nigerian National Petroleum Company (NNPC) Ltd and joint venture partner Seplat Energy Plc have announced a scheduled four-day routine maintenance of gas production facilities from February 12 to 15, 2026. According to NNPC's Chief Corporate Communications Officer, Andy Odeh...

The Digest: Oil marketers have stated that the resumption of petrol and diesel import licences by the regulator is a strategic move to close domestic supply gaps and prevent scarcity. They explained that local refineries, including Dangote, cannot yet meet Nigeria's total fuel demand...

The Digest: NNPC Group CEO Bayo Ojulari has confirmed that the company is in discussions with a major Chinese petrochemical firm over a potential equity partnership in one of Nigeria’s state-owned refineries. Speaking at the Nigerian International Energy Summit in Abuja, Ojulari stated that...

The Digest: NNPC Group CEO Bayo Ojulari has explained that Nigeria's state-owned refineries were shut down after internal reviews revealed they were destroying value and draining public funds. Speaking at the Nigeria International Energy Summit, Ojulari stated that despite regular crude...

The Digest: Three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser, and Dangote Cement, have signed enhanced Gas Sales and Purchase Agreements (GSPAs) with NNPC subsidiaries Nigerian Gas Marketing Limited and NNPC Gas Infrastructure Company. The...

The Digest: A London court has heard that energy company executives paid the salaries of former Nigerian Petroleum Minister Diezani Alison-Madueke’s domestic staff and covered luxury expenses in return for contracts with the Nigerian National Petroleum Company (NNPC). Prosecutors alleged that...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to N835 per litre in Lagos and N839 per litre in Abuja. The adjustment represents a N50 increase in Lagos and a N20 increase in the capital. This follows a recent price hike by the Dangote...