nnpc

The Digest: The Independent Corrupt Practices Commission has identified 13 Nigerian ministries, departments, and agencies as "high corruption risk" in its 2025 integrity assessment. Leading the list of non-compliant entities are the Nigerian National Petroleum Company Limited, the University...

The Digest: The Nigerian National Petroleum Company Limited has announced that its upstream subsidiary, NNPC Exploration & Production Limited, achieved a record daily production of 335,000 barrels of oil on December 1, the highest output since 1989. The milestone reflects a 52% increase from...

The Digest: Former Vice-President Atiku Abubakar has demanded that the Tinubu administration explain the NNPC’s expenditure of N17.5 trillion on pipeline security in 2024. This call explores a significant financial controversy, engaging a crucial debate on public resource management and...

The Digest: Nigeria's crude oil output declined to 1.58 million barrels per day in October 2025, reflecting a 1.86% decrease from September's production levels. According to NNPC's monthly report, the drop occurred despite significant financial gains, with the state oil company recording N447...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited has announced a historic profit after tax of N5.4 trillion for the 2024 financial year, representing a 64% increase from the previous year. Key Points: NNPC’s profit grew by N2.1 trillion, from N3.3 trillion in 2023 to N5.4...

The Digest: The Nigerian National Petroleum Company Limited faces severe financial misconduct allegations after the Auditor-General's report revealed over $51 million in questionable payments and systemic regulatory violations. According to Premium Times' analysis of the 808-page audit...

The Digest: Amid concerns over Nigeria's low oil output, the Presidency is signalling a major shake-up of the NNPC's asset ownership model. According to official statements, the government questions the state oil firm's capacity to fund and execute the drilling campaigns needed to boost...

The Digest: The Federal Government has announced it is open to selling the state-owned Warri, Port Harcourt, and Kaduna refineries, a potential watershed moment aimed at boosting competition and ending decades of reliance on subsidized, underperforming national assets. Key Points: The...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited is working to increase its stake in the Dangote Petroleum Refinery to 20 percent, a strategic move announced by Group CEO Bayo Ojulari as the state-owned refineries remain non-operational. Key Points: NNPC CEO Bayo Ojulari...

The Digest: The Economic and Financial Crimes Commission (EFCC) has arraigned three foreigners and a vessel, MT Ostria, before the Special Offences Court in Lagos for the alleged theft of 25 million litres of Premium Motor Spirit (PMS) valued at approximately N12 billion. According to Linda...

The Digest: Paulinus Okoronkwo, a senior official at the Nigerian National Petroleum Company (NNPC), has been ordered to forfeit a $2.5 million luxury mansion in Los Angeles to the United States government following his conviction on money laundering charges. The ruling by Judge John Walter of...

The Digest: As the cost-of-living storm intensifies for many Nigerians, the price of Premium Motor Spirit (petrol) has surged alarmingly close to N1,000 per litre. This new spike, attributed to supply constraints and operational glitches at the Dangote Refinery, has sparked a fresh wave of...

The Digest: The Nigerian National Petroleum Company has triggered another wave of economic uncertainty by increasing petrol prices to nearly N1,000 per litre, reversing recent reductions and deepening the financial burden on households and businesses across major cities. Key Points: NNPC...

The Digest: The World Bank has advised the Nigerian government to consolidate its economic reforms by enforcing strict fiscal discipline, increasing taxes, and ensuring full transparency in public finance. Key Points: The Bank recommended a forensic audit of the Nigerian National Petroleum...

The Digest: In Nigerian households, a quiet crisis unfolds as the cost of a basic necessity surges. The NNPC Limited has attributed the sharp rise in cooking gas prices to the recent PENGASSAN strike, which disrupted supply chains and caused costs to soar beyond the reach of many. Rooted in...

The Digest: The Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery have signed a new two-year crude supply agreement to ensure steady feedstock for the 650,000-barrel-per-day facility in Lagos. Key Points: The NNPC and Dangote Refinery have signed a new...

The Digest: In a decisive legal intervention, a national industrial court has moved to prevent a crippling strike from destabilizing Nigeria's energy sector. According to a report from Daily Post Nigeria, Justice Emmanuel Danjuma Subilim has issued a temporary order restraining PENGASSAN from...

A nationwide industrial action has brought Nigeria's critical oil and gas sector to a standstill, escalating a labour dispute into a full-blown operational crisis. According to reports, PENGASSAN's strike has shuttered major regulatory bodies and halted fuel supply to the Dangote Refinery...

The Digest: Maryamu Idris, Managing Director of NNPC Trading Limited, has been appointed as Nigeria’s representative to the Organisation of Petroleum Exporting Countries (OPEC). The national oil company announced its dual role will strengthen Nigeria’s influence in global energy policy and...

The Digest: Former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has publicly addressed his recent questioning by the EFCC over allegations of financial misconduct during his tenure. Key Points: Kyari was grilled over accusations of...