The richest man in Africa, Alhaji Aliko Dangote, stirred the hornet’s nest recently when he accused the International Oil Companies (IOCs) operating in Nigeria of sabotaging his efforts to put an end to the embarrassing, ridiculous and neck-breaking importation of refined fuel products by Nigeria. Although Dangote exonerated the NNPC Limited (NNPCL) from the alleged conspiracy, it should be obvious …

A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPCL Foundation Business Pitching Exercise. Billed to hold from 2nd to 10th July 2024, the exercise is an integral part of the NNPCL Foundation’s Financial Literacy Program for Nigerian youths that witnessed the engagement of over 284,000 …

The delivery date for the completion of the $700 million Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as the Nigerian National Petroleum Company Limited (NNPCL) announced its readiness to complete the facility. On 28 February 2024, the Federal Government had declared that the project would be completed in March this year, a …

NNPC Limited (NNPCL) has refuted media reports alleging that it inflated the ubsidy payments by N3.3 trillion. A report claimed that a forensic audit conducted by a global accounting firm, KPMG had uncovered a significant discrepancy in the fuel subsidy claims made by the national oil company. According to a report by iWitnessLive, the audit revealed that NNPCL inflated its …

The quest of Ogun State to be an oil-producing State would soon materialize as the Nigerian National Petroleum Corporation Limited (NNPCL), is set to begin oil and gas exploration in the Gateway State. Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief …

As fuel scarcity deepens across the country, marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have said their National Executive Council (NEC) would be meeting officially on Monday to find a lasting solution to the problem. Speaking exclusively with Sunday PUNCH on Saturday, the National President of IPMAN, Hammed Fashola, said that Monday’s meeting became …

NNPC Limited (NNPCL) began offloading 240 million litres of Premium Motor Spirit (otherwise called petrol) on Monday, as it stepped up efforts to tackle the worsening nationwide petrol scarcity. But filling stations in various locations sold the product at an average price of N800 per litre. According to The PUNCH, the South-West Regional Coordinator of the Nigerian Midstream and Downstream …

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the nnpc Limited over the “failure to account for and explain the whereabouts of the alleged missing $2.04 billion and N164 billion oil revenues”. According to SERAP, this followed the allegations documented in the recently published 2020 audited report by the Auditor-General of the Federation that NNPCL failed …

Petrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business. Chaos reigned at few filling stations dispensing the product with black marketers hiking petrol price to N1,500 per litre from N1,000 per litre sold the previous day. Checks around the city showed that …

Group Chief Executive Officer (GCEO) of NNPC Limited, Mallam Mele Kyari has been honoured with the Energy Times’ GCEO of the Year Award in recognition of his commitment to accountability, transparency, and performance excellence. The company’s Chief Corporate Communications, Mr. Olufemi Soneye received the award on behalf of the NNPC boss, in a ceremony held at the Eko Hotel & …