The Nigerian National Petroleum Company Limited reported a sharp month-on-month increase in revenue and profit in April 2026, driven by higher production and improved operational performance. The company said revenue rose to N4.97 trillion in…
The Nigerian National Petroleum Company Limited (NNPC) has told the Federal High Court in Lagos that petroleum products from the Dangote Petroleum Refinery and Petrochemicals FZE are sold at “significantly high and fluctuating market prices,”…
The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of 2026, down from $681.40 million in the same period of 2025, according to data from the United States Census Bureau and the Bureau of Economic…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben (OB3) gas pipeline, unlocking a key segment of Nigeria’s national gas transmission network and paving…
A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about 210 trillion naira ($210 trillion naira equivalent cited locally) is missing from the accounts of Nigerian National Petroleum Company Limited,…
The Nigerian government, through Nigerian National Petroleum Company Limited, is working to secure crude oil for the Dangote Petroleum Refinery through international third-party traders to sustain domestic refining operations, officials and…
Escalating military tensions involving the United States, Israel and Iran, and the near closure of the Strait of Hormuz are sending economic shockwaves globally, with Nigeria facing both potential gains and mounting risks. The crisis has driven…
Nigeria’s Senate has summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, over an alleged 210 trillion naira ($130 billion) expenditure by the state oil company between 2017…
The executive order issued by President Bola Tinubu stopping the deduction of management fees and the Frontier Exploration Fund by the Nigerian National Petroleum Company Limited has effectively halted revenue streams that generated about…
Nigeria is set to begin exporting a new light, sweet crude grade known as Cawthorne in March as part of efforts to boost oil production and sustain recent output gains, the Nigerian National Petroleum Company Limited said. A spokesperson for the…
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