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  1. Gas Holds Promise: NNPC Reports ₦748 Billion Profit Amid Oil Output Challenges

    Nigeria Gas Holds Promise: NNPC Reports ₦748 Billion Profit Amid Oil Output Challenges

    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...
  2. No Oil wealth, No Peace: SERAP Sues NNPCL Over Alleged ₦500 Billion Shortfall

    Nigeria No Oil wealth, No Peace: SERAP Sues NNPCL Over Alleged ₦500 Billion Shortfall

    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...
  3. Cheaper Fuel Elsewhere: NNPCL Faces Low Patronage

    Nigeria Cheaper Fuel Elsewhere: NNPCL Faces Low Patronage

    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...
  4. 30 Days or Crisis: PETROAN Issues Ultimatum to NNPCL Over Port Harcourt Refinery Shutdown

    Nigeria 30 Days or Crisis: PETROAN Issues Ultimatum to NNPCL Over Port Harcourt Refinery Shutdown

    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...
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