Business

‘Audit NNPC, increase health taxes, VAT’ — World Bank tells FG

Awwal Owolabi 9 October 2025 0

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

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Ojulari alleges coordinated attacks against NNPC reforms

Promise Eze 29 August 2025 0

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

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Ojulari Still NNPCL CEO — Presidency

Ihesiulo Grace 2 August 2025 0

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 […]

Business

NNPC, Shell offer free eye surgeries, treat 700 in Lagos outreach

DailyTimesNGR DailyTimesNGR 10 July 2025 0

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 […]

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Why Port Harcourt refinery was shutdown-NNPC

DailyTimesNGR DailyTimesNGR 25 May 2025 0

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

Business

NNPC rewards loyal customers with grand prizes as the Oleum promo ends in Lagos

DailyTimesNGR DailyTimesNGR 29 April 2025 0

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 […]

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FG Launches Forensic Audit of NNPC to Boost Transparency – Edun

Ihesiulo Grace 23 April 2025 0

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 […]

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NNPCL Shareholders ratify sweeping changes

DailyTimesNGR DailyTimesNGR 5 April 2025 0

..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

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NNPC, FIRST E&P make major oil discovery in OML 85

DailyTimesNGR DailyTimesNGR 8 March 2025 0

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

Business

NNPC assures Nigerians of high-quality fuel, warns against misinformation

DailyTimesNGR DailyTimesNGR 16 February 2025 0

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

Business

Group seeks clarity on NNPCL CEO’s tenure

DailyTimesNGR DailyTimesNGR 2 February 2025 0

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 […]

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Meritocracy and Milestones at NNPC: Setting the Record Straight

DailyTimesNGR DailyTimesNGR 30 December 2024 0

It is important to address the concerns raised in Farooq Kperogi’s recent article, “Tinubu’s Buharisation of the NNPC”, and to clarify some of the misconceptions about the operations and leadership structure of the Nigerian National Petroleum Company (NNPC) Limited. First, employment, promotions, appointments, and movements of business leaders at the NNPC are not

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Energy Advocates Condemn Collapse of $1.5b Port Harcourt Refinery, Demand Accountability

DailyTimesNGR DailyTimesNGR 21 December 2024 0

A group of energy advocates and socio-economic activists has condemned the collapse of the Port Harcourt Refining Company, just weeks after the Nigerian National Petroleum Company Limited (NNPCL) claimed it had been restreamed. The Energy Reforms Advocates and Socio-Economic Activists, led by Dr. Thomas Zion Godknows, at a press conference in Port Harcourt on Saturday,

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STATE OF THE NATION: Outrage as NNPC raises PMS price to N855 per litre

DailyTimesNGR DailyTimesNGR 4 September 2024 0

..Experts demand incentives to help Nigerians grapple with hardship ..You’ve betrayed Nigerians, NLC tells Tinubu BY MOTOLANI OSENI & UKPONO UKPONG The Nigerian National Petroleum Company Limited (NNPC) has raised the price of petrol to an alarming N855 per litre, causing widespread public outcry and sparking calls for government intervention. Experts and labour

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Malta Saga: Coalition Calls for Independent Leadership for NNPCL, Oil and Gas Agencies

DailyTimesNGR DailyTimesNGR 18 August 2024 0

***Wants Independent Judicial Inquiry by FG to Unravel Fraud The Citizens and Economic Freedom Rights Activists in Nigeria (CEFRAN) has called for an independent leadership for the Nigerian National Petroleum Company Limited (NNPC) and oil and gas agencies, as well as an independent judicial inquiry by the Federal Government to unravel the fraud in the […]

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New Attempt to De-market Dangote Refinery By NNPC, NMDPRA Affront to Reps Steps – Deputy Spokesperson

Ihesiulo Grace 27 July 2024 0

The Deputy Spokesman of the House of Representatives, Rep. Philip Agbese, has accused the Nigerian National Petroleum Corporation (NNPC) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of fresh plots to de-market the Dangote Refinery. Agbese, speaking to newsmen on Friday in Abuja, described claims that Dangote Refinery is reselling shipments

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Logistics challenges, flooding cause of fuel queues – NNPC Ltd

DailyTimesNGR DailyTimesNGR 9 July 2024 0

..Says Fuel stations to operate longer hours to aid PMS supply The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the current fuel queues in the FCT and some parts of the country to the disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol. Mr Olufemi Soneye, Chief Corporate […]

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NNPCL deploys resources to transform Nigeria into gas-powered nation

DailyTimesNGR DailyTimesNGR 23 April 2024 0

By Motolani Oseni Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Ltd, Mr. Mele Kyari has said, the company is deploying enormous resources to provide energy security to the country by investing in the gas sector. Kyari, while speaking, when he received the Energy Times’ GCEO of the Year Award in […]

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NNPC Ltd woos S’Korean investors for gas projects

DailyTimesNGR DailyTimesNGR 31 January 2024 0

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, led the company’s team to the discussions held in Seoul, South Korea. This is […]

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NNPC seeks private companies to operate in Port Harcourt refinery

DailyTimesNGR DailyTimesNGR 16 January 2024 0

The Nigerian National Petroleum Company Limited (NNPC) says it is seeking private companies for the operation and maintenance of its Port Harcourt refinery in Rivers State. The NNPC disclosed this on Monday in a post on X. The Nigerian government, in 2023, resumed rehabilitation of three of its four refineries – Warri, Kaduna and Port […]