Economic and Financial Crimes Commission (EFCC) on Wednesday, March 18, 2026 handed over a total sum of N3,936,145, 822 (Three Billion, Nine Hundred and Thirty Six Million, One Hundred and Forty Five Thousand, Eight Hundred and Twenty Two Naira) to the Nigeria National Petroleum Company (NPC) Ltd. The presentation...
nnpc limited
President Bola Ahmed Tinubu has approved a targeted fiscal incentive aimed at unlocking the long-awaited Final Investment Decision (FID) for the Bonga Southwest Aparo (BSWA) deepwater oil project, a move expected to attract about $20 billion in Foreign Direct Investment into Nigeria’s energy sector. The approval, announced by the...
Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has described the resolution of the long-running OPL 245 dispute as a major milestone for Nigeria’s energy sector and a step forward in unlocking the country’s deepwater oil potential. In a statement issued on March 5, Ojulari said the...
Senate Committee on Public Accounts has summoned former Mele Kyari to explain an alleged ₦210 trillion flagged as not properly accounted for in audit reports of the Nigerian National Petroleum Company Limited (NNPCL) between 2017 and 2023. Kyari was invited alongside former Chief Financial Officer Umar Ajia Isa and...
Nigerian National Petroleum Company (NNPC) Ltd has announced that Seplat Energy Plc, its joint venture partner and a major gas supplier, will carry out routine maintenance on its gas production facilities from February 12 to 15, 2026. The disclosure was contained in a press statement issued by the Chief...
Former Vice President Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) over its handling of the Port Harcourt Refinery, describing the decision to reopen the facility as a waste of scarce public resources after billions of dollars have been sunk into failed rehabilitation efforts. In a...
Nigerian National Petroleum Company Limited (NNPC Ltd) has congratulated Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL Joint Venture, on the successful completion of the Awodi-07 appraisal and exploration well located in the shallow offshore western Niger Delta. Chief Corporate Communications Officer, NNPC Ltd, Andy Odeh, gave the...
Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has sharply criticised what he described as an emerging “era of financial recklessness” in Nigeria, following the reported approval of massive debt write-offs involving the Nigerian National Petroleum Company Limited (NNPC). In a statement shared via his official...
President Bola Tinubu has approved the cancellation of a significant portion of the Nigerian National Petroleum Company Limited’s (NNPC Ltd) outstanding debts to the Federation Account, wiping off legacy obligations valued at about $1.42 billion, alongside trillions of naira in reconciled liabilities. The approval is contained in a document...
Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed that a reported breach on a section of the Escravos–Lagos Pipeline System (ELPS) in South West Warri, Delta State, has been successfully contained, with no threat to host communities, personnel or the environment. The incident, which was recorded on Thursday,...
NNPC Foundation has clinched five top awards at the 19th SERAS Africa Sustainability Awards, including Most Responsible Organisation in Africa (Overall Winner), Best in Decent Work and Economic Growth, Best in Stakeholder Engagement, Best in Poverty Reduction, and the Africa Sustainability Professional of the Year, awarded to the Managing...
Nigeria’s state-owned energy giant, NNPC Limited, has posted its strongest financial performance yet, announcing a profit after tax of ₦5.4 trillion for the 2024 financial year — a figure that places the company firmly among the world’s most profitable national oil companies. The results, shared during its earnings call...
Nigeria Security and Civil Defence Corps (NSCDC) in Adamawa has intercepted a truck loaded with more than 200 pieces of vandalised Nigerian National Petroleum Company (NNPC) pipelines in the state. The State Commandant of the Corps, Mr Idris Bande, disclosed this at a press briefing on Monday in Yola....
Executive Vice President of Downstream at NNPC Limited, Dr. Mumuni Dagazau, says Nigeria’s downstream oil and gas sector is experiencing a major transformation powered by deregulation, foreign exchange reforms, and stronger industry collaborations. Speaking in Lagos on Monday at the 19th Africa Downstream Energy Week, themed “Energy Sustainability: Growth...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says the Federal Government will fully support Dangote Refinery in achieving its 1.4 million barrels-per-day refined products target. Lokpobiri said this on Monday in Lagos during his welcome address at the 19th Africa Downstream Energy Week. The theme of the...
A leading civic group has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Bashir Ojulari, to publicly account for several billions of naira and foreign currency allegedly missing from the corporation’s accounts, as revealed in the recently published 2022 Annual...
Socio-Economic Rights and Accountability Project (SERAP) has revealed that the Nigerian National Petroleum Company Limited (NNPCL) failed to account for missing oil revenues amounting to N22.3 billion, $49.7 million, £14.3 million, and €5.2 million, according to the 2022 annual report of the Auditor-General of the Federation. SERAP disclosed this...
Economic and Financial Crimes Commission (EFCC) is currently questioning the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, regarding financial dealings during his tenure. Kyari arrived at the EFCC headquarters in Abuja around 2:15 PM on Wednesday, according to Channels TV report. As...
A Non-Governmental Organization, NGO, Citizens for Equality and Good Governance Nigeria (CEGGN), has appealed to President Bola Ahmed Tinubu to end the incessant attacks on the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, NNPCL, Engr. Bashir Bayo Ojulari, by those it described as unpatriotic individuals who...
Nigerian National Petroleum Corporation (NNPC) Ltd. has announced the appointment of two seasoned executives, Mr. Andy Odeh and Mrs. Morenike Adewunmi, to key leadership positions. The NNPC Ltd in a statement on Tuesday said Mr. Odeh assumed the role of Chief Corporate Communications Officer, while Mrs. Adewunmi has been...