News

No Increase in PMS Prices, NNPC Assures Nigerians

The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted claims of an impending petrol price increase and clarified that it did not clash with petroleum marketers regarding subsidy removal. In a statement, Chief Corporate Communications Officer Olufemi Soneye emphasized that there are no plans for a rise in the cost of Premium Motor Spirit […]

News

JUST IN: NNPC, Indorama Sign $7 Billion Gas Supply Agreement

The Nigerian National Petroleum Company (NNPC) Ltd. has entered into a historic $7 billion gas supply Memorandum of Understanding with Indorama Eleme Petrochemicals Limited, solidifying their commitment to advancing the utilization of natural gas by large-scale industries. Nigeria is currently in the midst of a decade-long gas policy initiative, with the goal of leveraging its […]

News

NNPC Denies Petrol Pump Price Increase

The Nigerian National Petroleum Corporation (NNPC) has clarified that it has no plans to increase the pump price of petrol, contrary to widespread speculation. In a statement on X, NNPC Retail assured its valued customers that it remains committed to offering the highest quality products at affordable prices across its retail stations nationwide. Recent media […]

News

Subsidy: Petrol Price Will Come Down, Says NNPC

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against […]

Economy

FG Owes NNPC ₦‎2.8 Trillion Spent On Petrol Subsidy – Mele Kyari

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the federal government still owes the firm the sum of N2.8 trillion spent on petrol subsidy. Addressing journalists after a meeting with President Bola Tinubu in Abuja, on Tuesday, Kyari said the subsidy payment was no longer sustainable as […]

News

NNPC Confirms Increase In Fuel Pump Price

NNPC Limited, has confirmed the full deregulation of the downstream sector of the Nigerian Petroleum Industry with petrol now selling at market price following the removal of subsidy by President Bola Tinubu. NNPC, in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad on Wednesday, said pump price at its retail stations have […]

Economy

NNPC To Supply 300,000 Barrels Of Crude To Dangote Refinery

The Nigeria National Petroleum Company (NNPC) Limited says it is set to supply 300,000 barrels of crude oil to Dangote Refinery. Mele Kyari, NNPC’s group chief executive officer (GCEO), NNPC, spoke on Thursday at the Nigeria oil and gas opportunity fair. The event was held at the Nigerian Content Development and Monitoring Board (NCDMB) conference […]

Economy

NNPC Sets Dates For PH, Warri, Kaduna Refineries To Start Operation

The Nigeria National Petroleum Company (NNPC) Limited has set dates for the commencement of operation at three refineries located in Port Harcourt, Rivers state, Warri in Delta State and Kaduna state. According to the Group Chief Executive Officer (GCEO) of the NNPC, Malam Mele Kyari, the Port Harcourt refinery will be ready before the end […]

Economy

NNPC Failed To Account For N102bn Oil Delivery To Refineries – Report

The Nigerian National Petroleum Corporation has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report. The Senate yesterday considered and adopted the report of its Committee on Public Accounts which probed the spendings of government agencies using the 2016 audit report. The report said in […]

News

AKK Pipeline Project: NNPC To Deliver First Gas in Q1 2023

The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and believed that the first Quarter 2023 target for delivering it will be met. This was made known when the GMD/CEO, Mallam Mele Kyari took the NNPC Board Members […]