Petroleum product marketers on Monday lamented their losses as the Nigerian National Petroleum Company Limited (NNPCL) reduced the price of Premium Motor Spirit (petrol) to N880 per litre in Lagos and N935 in Abuja. From N925, some NNPCL retail outlets in Lagos changed their pump price to N880 on Easter Monday, while those in Abuja adjusted from N950 to N935. …

The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari says the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project reached 72 per cent completion rate at the end of the first quarter of 2025. Ojulari announced the development at the 2025 Oloibiri lecture series and energy forum (OLEF) organised by the Society of Petroleum Engineers (SPE) …

The recent overhaul of the NNPC Limited (NNPCL) board and management by President Bola Tinubu is not merely an administrative reshuffle—it is a decisive intervention in the national interest, aimed at rescuing the country’s most strategic public enterprise from systemic rot and institutional capture. The necessity of these appointments stems from the deeply troubling legacy of the Mele Kyari-led management, …

The Independent Petroleum Marketers Association of Nigeria has refuted claims that it opposed the recent reduction in Premium Motor Spirit (petrol) prices by Dangote Refinery and the Nigerian National Petroleum Corporation Limited. A former presidential aide Reno Omokri, in a post on his verified X (formerly Twitter) handle on Saturday night, alleged that IPMAN was protesting against the Federal Government …

NNPC Limited (NNPCL) has strongly refuted claims alleging the termination of the Naira-for-Crude agreement with Dangote Refinery. NNPCL emphasised that it has consistently supplied the refinery with a total of 84 million barrels of crude oil since the refinery began its operations in 2023. In a statement on Monday, the NNPCL Chief Corporate Communications Officer, Mr. Olufemi Soneye stated that …

The Nigerian National Petroleum Company Limited has taken a step to boost domestic gas utilisation, signing a 20-year Gas Sale and Purchase Agreement with Ssonic Petroleum Limited. The agreement, executed on March 6, 2025, will see NNPCL’s subsidiary, NNPC Gas Marketing Ltd, and its partner, NIPCO Gas Ltd, supply 80 million standard cubic feet per day of natural gas to …

An economist, Paul Alaje has predicted the ongoing price war between the Dangote Refinery and NNPC Limited (NNPCL) will ‘erode abnormal profit’ enjoyed by capitalists. ‘You may want to call it a price war but in economics, when a duopoly fights, it is the best for the populace because they will drive themselves to neutral profits’, Alaje said on Channels …

Some retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price to N860 per litre. It was observed that while there is no official communication from the NNPCL Retail yet, some stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday. This comes a few days after the …

NNPC Limited on Tuesday disclosed that its subsidiary, NNPCL Shipping has signed a joint venture agreement with Stena Bulk, and Caverton Marine Limited for the shipping of various petroleum products across the industry. According to a statement by the company’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the deal would create a new tanker operation serving Nigeria and West Africa’s …

The House of Representatives Public Accounts Committee, on Tuesday, initiated an investigation into the outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL) and oil companies. The investigative hearing, chaired by the sub-committee chairman, Akinlade Isiaq, followed queries issued by the Office of the Auditor-General for the Federation regarding NNPCL’s financial obligations. The report …