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Nigeria NNPC Loses Majority Stake in Dangote Refinery Over Unpaid Balances
Dangote Refinery CEO reveals NNPC stake reduction from 20% to 7.2% due to missed payments. $19 billion project on track for August petrol sales. Africa's largest refinery, located in Lagos, aims to boost Nigeria's refining capacity, reduce import dependency, and create jobs. Dangote reassures...- Nigeria News
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- 1 min read
- dangote refinery nnpc
- Category: Business
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Nigeria Nigeria's Fuel Dilemma Deepens as NNPCL Moves for $2bn Oil-Backed Loan
NNPCL seeks a $2 billion oil-backed loan amid Nigeria's fuel crisis. CEO Mele Kyari claims it's for normal business, not desperation. This follows a $3.3 billion loan in 2023. The move raises concerns as fuel shortages spread nationwide, impacting daily life. Dangote Refinery faces crude supply...- Nigeria News
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- 2 min read
- nigeria fuel crisis nigerias debt nnpc nnpcl loan oil-backed financing
- Category: Business
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ExpiredJob APPLY: NNPC Appeals To CORPS Members to Apply For The NNPC Foundation Pitch Business Ideas
The NNPC Foundation has invited NYSC members to join its flagship pitching programme called ‘Innovate NYSC: Pitching for Progress’. In a video shared on Sunday by NNPC Limited on X, the foundation encouraged current corps members to pitch their business ideas. They aim to empower youth to...- Kayode Israel
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- nnpc nysc
- Category: Jobs
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Nigeria Dangote Petroleum Refinery Faces Hurdles in Crude Procurement, Says Aliko Dangote
Africa's richest person, Aliko Dangote, discusses challenges with crude supply to Dangote Petroleum Refinery on CNN. While some international oil companies struggle, NNPC provides crucial support. Dangote emphasizes Africa's need to shift from raw material export. Africa's richest person...- Nigeria News
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- dangote petroleum refinery iocs nigerian national petroleum company nnpc
- Category: Business
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Nigeria NNPC Struggles to Address Fuel Crisis as Petrol Prices Soar to N2000/Litre Across Nigeria
A resurgence of petrol scarcity has engulfed various states in Nigeria, accompanied by long queues at petrol stations, crowded bus stops, and escalated traffic woes. Frustrated residents, facing soaring petrol prices approaching N2000 per liter, are resorting to purchasing fuel in jerrycans...- Nigeria News
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- black market fuel crisis nigeria nnpc petrol scarcity
- Category: Business
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Nigeria Nationwide Fuel Woes: Lagos, Abuja Grapple with Petrol Prices over N700/Liter
Fuel scarcity continues to worsen across various regions of Nigeria, including Lagos, Ogun State, and Abuja, despite claims by the Nigerian National Petroleum Corporation (NNPC) Limited that all issues have been resolved. Reports from Nairametrics reveal that petrol prices have soared to as high...- Nigeria News
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- 1 min read
- fuel scarcity ipman moman nnpc olufemi soneye petroleum prices transportation costs
- Category: Business
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Nigeria (Video) Lagos Filling Station Demanding Customers Buy Meat Pie Before Fuel Sparks Outrage Among Nigerians
Over the weekend, a video surfaced on Twitter, revealing a Total filling station in Igando, Lagos, allegedly enforcing a peculiar requirement: customers must purchase meat pies before being served fuel. This incident has unfolded amidst the backdrop of a persistent fuel scarcity gripping...- Nigeria News
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- fuel crisis in nigeria lagos fuel scarcity meat pie mandate nnpc total filling station
- Category: Metro
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Nigeria NNPC Points to Logistics Problems Amidst Fuel Queue Resurgence in Abuja, Nasarawa"
In response to the recent fuel scarcity concerns gripping various regions of Nigeria, the Nigeria National Petroleum Company Limited (NNPC Ltd) has attributed the tightness in Premium Motor Spirit (PMS) supply to logistical issues, asserting that these challenges have been effectively addressed...- Nigeria News
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- 1 min read
- fuel scarcity logistics problems nnpc
- Category: Business
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Nigeria Rainoil CEO Exposes Government's N600 Billion Monthly Fuel Subsidy
During the Stanbic IBTC Energy and Infrastructure Breakfast Session in Lagos, Gabriel Ogbechie, CEO of Rainoil Limited, disclosed that the federal government has covertly resumed paying the contentious fuel subsidy. Ogbechie highlighted the impact of the Naira's devaluation on the foreign...- Nigeria News
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- 1 min read
- fuel subsidy gabriel ogbechie nigerian energy policy nnpc petroleum industry rainoil ceo
- Category: Business
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Nigeria NNPC: Port Harcourt Refinery to Resume Operations After Mechanical Works, Receives 450,000 Barrels of Crude
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has announced that the Port Harcourt refinery will recommence operations within the next two weeks. Kyari made this declaration during a press briefing following his appearance before a...- Nigeria News
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- 1 min read
- mele kyari nigerian national petroleum company limited nnpc port harcourt refinery refinery operations
- Category: Business
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Nigeria All Hands Dirty: NNPC Reveals Extent of Complicity in Nationwide Oil Theft
Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), asserted that everyone is implicated in crude oil theft within Nigeria. Speaking during an oversight function with the House of Representatives Special Committee on Oil Theft, Kyari revealed...- Nigeria News
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- 1 min read
- crude oil theft illegal refineries mele kyari nigeria nnpc oil sector challenges pipeline violations
- Category: Business
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Nigeria Rising Costs Prompt NARTO to Suspend Petroleum Product Lifting, Fuel Scarcity Fears Emerge
Nigeria faces a potential fuel scarcity crisis as the Nigerian Association of Road Transport Owners (NARTO) declares a halt to lifting petroleum products starting next week Monday. The move is in response to the high cost of operations, primarily the soaring price of diesel needed to power...- Nigeria News
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- 1 min read
- diesel prices narto nigeria fuel scarcity nnpc petroleum products transportation crisis
- Category: Metro
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Nigeria Port Harcourt Refinery Prepares for Operations with 475,600 Barrels of Oil Arrival From Shell
The Port Harcourt Refinery is poised to resume operations with the delivery of 475,000 barrels of crude oil from Shell Petroleum Development Company Limited. This achievement, attributed to collaborative efforts between the Bonny Oil and Gas Terminal (BOGT) and Port Harcourt Refinery Company...- Nigeria News
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- energy revival nnpc port harcourt refinery shell petroleum
- Category: Business
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Nigeria Nigerians React to Peoples Gazette Story Accusing President Tinubu of Screwing Nigeria on Oil Deal To Benefit Nephew
President Bola Tinubu has reportedly facilitated the return of ownership of OPL 245, a deepwater oilfield, to European oil majors Eni and Shell, potentially ending a prolonged corruption inquiry. The deal involves Eni transferring onshore assets to Oando, run by Tinubu's nephew, Wale Tinubu...- Nigeria News
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- bola tinubu eni and shell nigeria oil deals nnpc oando deal opl 245 president tinubu
- Category: Politics
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Nigeria Viral Controversy: Mummy Zee's 4:50 am Cooking Habit Draws Mixed Reactions and Unexpected Gifts
In a surprising twist of social media trends, Deborah Adebisi, popularly known as @_Debbie_OA or Mummy Zee, found herself at the center of both criticism and generosity after revealing her 4:50 am cooking routine for her husband on Twitter. The tweet, initially garnering mixed reactions, took...- Nigeria News
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- debbie twitter deborah adebisi kudabank mummy zee nnpc
- Category: Metro
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Nigeria Mortgaged Future: Why Nigeria's $3.3 Billion Oil-Backed Loan, Costing $12.8 Billion, Could Spell Trouble for Its Future
Nigeria's recent decision to secure a $3.3 billion loan from Afrexim Bank, collateralized by a massive 164.25 million barrels of crude oil, has sparked concerns about the long-term implications for the country's economy. This high-interest loan, bearing an 11.85% per annum rate, starkly...- Nigeria News
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- afrexim-nnpc deal loan repayment nigeria finance nnpc oil pledge
- Category: Business
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Nigeria NNPC Dismisses Fuel Price Surge Amidst Market Speculation and Policy Uncertainties
In response to recent media reports suggesting a potential surge in petrol prices to N1,200/litre, the Nigerian National Petroleum Company (NNPC) has moved to allay public concerns. Chief Corporate Communications Officer Olufemi Soneye stated unequivocally on Wednesday that there are no...- Nigeria News
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- 1 min read
- channels tv fuel subsidy nnpc petrol price
- Category: Politics
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Nigeria Tensions Rise as NNPC and Marketers Clash Over Fuel Subsidies and N1,200/Litre Proposal
The Nigerian National Petroleum Company Limited (NNPCL) and fuel marketers, represented by the Independent Petroleum Marketers Association of Nigeria, are entangled in a new dispute over the removal of petrol subsidies. The clash comes amidst the depreciation of the naira against the U.S...- Nigeria News
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- 1 min read
- fuel subsidy nnpc nnpcl petrol price
- Category: Politics
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Nigeria SERAP Takes NNPC to Court Over Oil Revenue Transparency
In a recent legal move, the Socio-Economic Rights and Accountability Project (SERAP) has filed a suit against the Nigerian National Petroleum Company (NNPC), accusing it of failing to disclose crucial details regarding Nigeria's daily oil production and revenues since the removal of the fuel...- Nigeria News
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- channels tv nnpc serap
- Category: Metro
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Nigeria Port Harcourt Refinery Nears Completion, Set to Operate by December, NNPC Insists
The Nigerian National Petroleum Corporation Limited (NNPCL) remains resolute in its commitment to completing the Port Harcourt Refinery by the end of December. NNPC Chief Communications Officer Olufemi Soneye affirmed that the timeline for mechanical completion remains unchanged, and the...- Nigeria News
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- 1 min read
- channels tv nnpc nnpcl oil refinery port harcourt refinery nnpc porthharcourt refinery
- Category: Business
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