Filling stations owned by NNPC Limited (NNPCL) in Nigeria’s capital, Abuja have effected the slash in the pump price of Premium Motor Spirit (PMS) from N910 per liter to N895. Reacting to the petrol price cut, a motorist, Muhammad Ibrahim, said the development is expected as it would avail Nigerians more competitive prices. ‘It is long expected because other filling …

Civil Society Organisations (CSOs) have called for the NNPCL to account for the money spent on the turnaround of the Port Harcourt refinery. Reacting to the controversy surrounding the shutdown of the Port Harcourt refinery, the head of Transparency International (TI), the Civil Society Legislative Advocacy Centre (CISLAC), and the Transition Monitoring Group (TMG), Awwal Musa Rafsanjani, condemned the action …

Barely six months after the Nigerian National Petroleum Company Limited (NNPCL) completed the overhaul of the Port Harcourt Refining Company (PHRC) at a cost of $1.5 billion, the state-owned oil company yesterday shut down the facility for what it described as ‘planned maintenance’. A part of the facility known as the ‘old plant’, was commissioned in 1965, with a processing …

President Bola Tinubu, on Thursday, urged the new Nigerian National Petroleum Company Limited (NNPCL) board to consolidate the gains of the ongoing economic reforms. In a statement by the presidential spokesman, Bayo Onanuga, the President said the reforms have attracted commendations for the resilience and competitiveness of the Nigerian economy. Speaking at the inauguration of the NNPCL board at the …

In Yoruba, there is a proverb: ‘Ojú l’arí, ọ̀rẹ́ ò dé ‘nú” — literally it means ‘we only see the face; friendship does not go deep inside’. That is the name the Group Managing Director of the NNPCL, Mr Bayo Ojulari, bears. The name calls attention to why appearance and essence sometimes wear different colours. It teaches a lesson in …

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of NNPC Limited (NNPCL), Engr. Bayo Bashir Ojulari to account for the whereabouts of the alleged missing N500 billion revenue from crude sales and other income in 2024. SERAP also urged Ojulari to invite Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and …

The Yoruba Initiative has expressed ‘grave concern’ at the controversy which has trailed last month’s appointment of Engr. Bashir Bayo Ojulari as the Group Chief Executive Officer of the NNPC Limited (NNPCL). Although the Nigerian engineer and expert in petroleum, process and production engineering is an indigene of Oke-Ode in Ifelodun Local Government Area of Kwara State, which is in …

A former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has debunked widespread rumours alleging that he is in the custody of the Economic and Financial Crimes Commission (EFCC). He described the reports as ‘clear mischief’ and a ‘calculated attempt’ to discredit him. In a late-night Saturday statement posted on his X handle, Kyari …

Nigerian National Petroleum Company Limited (NNPCL), has reduced its retail price of Premium Motor Spirit (PMS). DAILY POST observed on Saturday that NNPCL retail outlets along Kubwa Express Way, Zone 4 Abuja, and Gudu, all in the Federal Capital Territory, have adjusted their fuel pump price to N910 per litre from N935. This showed that the state-owned firm reviewed its …

A $3 billion refinery fraud has rocked Nigeria’s petroleum sector as authorities have traced N80 billion to the personal accounts of a recently sacked managing director of one of the country’s state-owned refineries. The revelation follows the arrest of the former managing directors and top executives of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining …