The Dangote Petroleum Refinery has finalized a structured offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (PMS) daily. This strategic framework is designed to satisfy Nigeria’s entire domestic demand for petrol while positioning the country as a net exporter of refined products. […]
The Nigerian National Petroleum Company (NNPC) Limited has announced the introduction of a new light, sweet crude grade, named Cawthorne, with exports scheduled to commence in March 2026. This launch marks a significant milestone in Nigeria’s ongoing efforts to revitalize its upstream petroleum sector and capitalize on its vast hydrocarbon reserves. The addition of Cawthorne […]
In a continued show of deepening corporate ties, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, led a delegation of top executives on a working visit to the Dangote Petroleum Refinery and Petrochemicals on Saturday, February 21, 2026. The delegation was received and hosted by Aliko Dangote, […]
Electricity generation across the country is expected to decrease temporarily as scheduled maintenance on a major gas facility disrupts supply to several thermal power plants. The Nigerian National Petroleum Company Limited (NNPC Ltd) announced on Thursday that Seplat Energy Plc, a joint venture partner and key gas supplier to the NNPC Gas Infrastructure Company Limited […]
Nigerians are bracing for a significant increase in power outages this week as a major maintenance exercise on critical gas infrastructure has forced a shutdown of nearly 1,000 megawatts (MW) of generation capacity. This development, which effectively removes 19.67% of the nation’s current available power, represents a substantial disruption for an economy striving toward industrial […]
The Vice Chairman of Tantita Security Services Limited, the firm spearheaded by Government Ekpemupolo (popularly known as Tompolo), has engaged a high-profile United States lobbying firm to strengthen diplomatic and strategic relations between Nigeria and the U.S. The contract, valued at $720,000, was formalized in early February 2026. This move is intended to facilitate higher-level […]
The Federal Government has reaffirmed its commitment to positioning natural gas as a cornerstone of Nigeria’s economic growth, energy security, and social development. Dr Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) made this known on Friday in Abuja. The minister spoke when the Nigerian National Petroleum Company Limited (NNPC Ltd.) officially unveiled its […]
The Nigerian National Petroleum Company (NNPC) Limited has commenced a comprehensive technical and commercial review of the Warri, Port Harcourt, and Kaduna refineries. In an update posted on X on Wednesday, the company said the review is aimed at upgrading or repurposing the refineries to ensure “optimal performance and sustainability.” “Ongoing technical and commercial review […]
Under the leadership of Group Managing Director Bashir Bayo Ojulari, NNPC Limited is making significant strides toward restoring the efficiency and sustainability of Nigeria’s key refineries in Warri, Port Harcourt, and Kaduna. This strategic initiative is part of Nigeria’s broader goal to achieve energy security and bolster local refining capacity, reducing reliance on imported petroleum […]
The World Bank has urged the federal government to strengthen its ongoing economic reforms by enforcing strict fiscal and monetary discipline to sustain recent stability in Nigeria’s economy. In its latest Nigeria Development Update (NDU) released on Wednesday, the bank commended the progress made through the removal of petrol subsidies and the unification of the […]
Bashir Bayo Ojulari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has alleged that the company is facing coordinated attacks from individuals and groups opposed to its ongoing transformation agenda. Ojulari disclosed this on Thursday while receiving a delegation from the national leadership of the Petroleum and Natural […]
The Presidency has firmly denied reports that President Bola Ahmed Tinubu has sacked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, or directed him to tender his resignation. The rebuttal follows a report published by an online newspaper on Saturday, which alleged that Ojulari was detained […]
BY MOTOLANI OSENI The Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) offered free eye surgery to Lagosians as part of their Corporate Social Responsibility (CSR) initiative. The initiative known as Vision First, which is in its 4th edition, began in Mushin Local Council Development Area of Lagos State […]
BY TUNDE OPALANA The management of the Nigerian National Petroleum Company Limited (NNPC Ltd) has explained that the announced shutdown of the Port Harcourt Refining Company (PHRC), which begins on Saturday, was to carry out scheduled maintenance. The company’s Chief Corporate Communications Officer, Femi Soneye, in a statement Saturday, explained said the shutdown is part […]
BY MOTOLANI OSENI NNPC Limited has concluded its nationwide ‘Oleum Scratch and Win Awoof Promo’ with a grand finale event in Lagos that saw life-changing prizes awarded to loyal customers. The closing ceremony, held at the NNPC Retail station in Marina, marked the end of a successful campaign that ran from November 2024 to February […]
The Federal Government of Nigeria has commenced a forensic audit of the Nigerian National Petroleum Company (NNPC) Limited, as part of sweeping economic reforms aimed at rebuilding investor confidence and ensuring transparency in the oil and gas sector. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, disclosed this on Tuesday while […]
..Owubare is new communications officer By Andrew Oota Shareholders of the Nigerian National Petroleum Company Limited, NNPC Ltd, have passed a resolution ratifying the appointment of Bashir Bayo Ojulari as Group Chief Executive Officer, Rowland Ewubare as Group Chief Operating Officer, and Adedapo Segun as Chief Finance Officer. The appointments of five others, with whom […]
BY MOTOLANI OSENI The Nigerian Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have made a significant hydrocarbon discovery in the Songhai Field, located in OML 85. The well, according to reports, encountered hydrocarbons across eight reservoirs, logging over 1,000 feet of hydrocarbon-bearing sands, most […]
BY MOTOLANI OSENI The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed the quality of Premium Motor Spirit (PMS) dispensed at its retail outlets, dismissing recent claims suggesting otherwise as baseless misinformation. In a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye, the company described a viral video alleging that NNPC fuel […]
BY MOTOLANI OSENI The Society of Energy Editors has called on the ministry of Petroleum Resources, led by President Bola Tinubu, to provide clarity on the tenure of Mallam Mele Kyari, who is the chief executive of the Nigerian National Petroleum Company Limited (NNPC). Recently, Kyari turned 60, sparking expectations of his retirement in line […]