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...

According to the Nigerian Tribune, Peter Obi, former presidential candidate of the Labour Party, described Nigeria as “a crime scene” following revelations of over ₦210 trillion in alleged financial irregularities within NNPC’s audited statements from 2017 to 2023. The Senate flagged the...

The Senate Committee on Public Accounts, led by Aliyu Wadada, has voiced grave concerns over "mind-boggling and worrisome" discrepancies, specifically N200 trillion in "unaccounted funds," within the audited financial statements of the Nigerian National Petroleum Company Limited (NNPC) spanning...

In an energy landscape where Nigeria’s crude oil production continues to underperform, the latest financial report from NNPC Ltd. comes with a surprising twist: profit is up, and gas is the hero. According to NNPC, its April 2025 report shows a solid ₦748 billion in after-tax profit, with...

In a country where oil should mean wealth for all, the question remains: where does the money go? The Socio-Economic Rights and Accountability Project (SERAP) is suing the Nigerian National Petroleum Company Limited (NNPCL) for allegedly failing to remit ₦500 billion of oil revenue to the...

Motorists in Abuja are turning away from Nigerian National Petroleum Company Limited (NNPCL) filling stations due to their relatively high petrol prices, opting instead for stations offering cheaper rates following a market-wide price drop. NNPCL retail stations in Abuja still sell petrol at...

Petroleum retailers (PETROAN) have demanded that NNPCL complete all repairs at the shut-down Port Harcourt refinery within 30 days, warning that delays could worsen Nigeria's fuel supply crisis. The association proposed a stakeholder task force and weekly progress reports to ensure transparency...