nnpc

The Digest: Former Vice-President Atiku Abubakar has issued a sharp rebuttal to President Bola Tinubu, accusing the administration of "historical amnesia" regarding Nigeria’s economic reforms. In a statement released by his media aide, Phrank Shaibu, Atiku defended his supervision of the 2000s...

The Digest: The Senate Public Accounts Committee has given the Nigerian National Petroleum Company Limited (NNPCL) until April 29 to appear and account for N210 trillion flagged in audit reports from 2017 to 2023. The committee directed current GCEO Bayo Ojulari and former GCEO Mele Kyari to...

Image Credit: Selim Arda The Digest: Nigeria and Morocco are set to sign an intergovernmental agreement this year for the $25 billion Nigeria-Morocco gas pipeline project, a major step toward one of Africa's most ambitious energy infrastructure plans. The 6,900km African Atlantic Gas Pipeline...

The Digest: Former petroleum minister Diezani Alison-Madueke has told a London court that she never solicited or received bribes, insisting that expenses incurred during her time in office were official and reimbursed by the Nigerian government. Testifying at Southwark Crown Court, she said...

The Digest: The Nigerian National Petroleum Company Limited (NNPC) remitted N1.804 trillion to the Federation Account in February 2026, a sharp increase from N726 billion in January. Total revenue rose to N2.68 trillion, with profit after tax at N136 billion. Crude oil and condensate...

The Digest: Retail fuel prices across Nigeria have remained largely unchanged over the past week, ranging between N1,290 and N1,370 per litre, despite ongoing volatility in global crude oil markets. The gantry price at Dangote Refinery remained at N1,200 per litre, while depot owners sold at...

The Digest: The Nigerian National Petroleum Company Limited will increase crude allocation to the Dangote refinery to seven cargoes in May, up from five cargoes allocated in previous months. A top source at the national oil company confirmed the development, noting efforts to boost supply to...

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...