The South-South Governors Forum (SSGF) has formally endorsed President Bola Tinubu’s recent Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account, describing it as a landmark intervention in Nigeria’s petroleum sector. The decision, which fundamentally alters the financial relationship between the Nigerian National Petroleum Company Limited (NNPCL) and […]
The House of Representatives Public Accounts Committee (PAC) has given the Nigerian National Petroleum Company Limited (NNPCL) until Monday, December 15 to appear before it and submit all outstanding documents on audit queries relating to the company’s 2021 financial operations. Chairman of the committee, Hon. Bamidele Salam, issued the ultimatum on Monday during a sitting […]
Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has dismissed suggestions of political ambition, insisting his focus remains on reforms to revive Nigeria’s struggling oil and gas sector. Speaking on Thursday while receiving a delegation of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), led by […]
A group of stakeholders in the nation’s petroleum industry has debunked fake stories being peddled against the person of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Bashir Ojulari, and the leadership of the Company. The group ascribed the series of sponsored fake news against to enemies within that […]
Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has called for strategic and inclusive leadership to balance Nigeria’s energy needs with its environmental and economic priorities. He made this call while delivering his keynote address virtually at the opening of the 2025 Nigeria Annual International Conference and Exhibition (NAICE), […]
Bayo Ojulari, group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, says the Port Harcourt Refining Company will not be sold—despite speculation following his recent remarks at an international forum. According to the statement released by the company during its ‘wide town hall’ at NNPC Towers in Abuja on Tuesday, Ojulari said […]
Bayo Ojulari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), finally honoured the invitation of the Senate Public Accounts Committee on Tuesday. Ojulari was summoned to respond to 19 audit queries raised by the Office of the Auditor General of the Federation on NNPCL’s financial statements between 2017 and 2023. […]
The Senate has declared that no public office holder — not even President Bola Tinubu — is bigger than the National Assembly. This comes as the upper legislative chamber issued a 24-hour ultimatum to Bayo Ojulari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), to personally appear before the Senate […]
By Tunde Opalana The Senate has made it imperative for the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited ( NNPCL), Engineer Bayo Ojulari to appear before it’s Public Accounts Committee to clarify issues surrounding the N210 trillion financial infraction raised against the company. The NNPCL) was inducted in the audit […]
BY MOTOLANI OSENI Nigeria’s gas production declined slightly to 7.352 billion standard cubic feet per day in May 2025, down from 7.354 billion mmscfd recorded in April, according to the latest monthly report by the Nigerian National Petroleum Company Limited (NNPCL). Gas sales also dipped to 4.185 billion mmscfd, from 4.240 billion mmscfd the previous […]
By Tunde Opalana Mr. Mele Kyari, immediate past Group Chief Executive Officer, GCEO, of the Nigerian National Petroleum Corporation Limited, NNPCL, said he is ready to defend his actions while in office as he will be readily available to account for his stewardship. This is as he denied being arrested by the Economic and Financial […]
The decision by the Economic and Financial Crimes Commission (EFCC) to exclude the Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Adedapo Segun, from the ongoing probe of the national oil company is puzzling, a coalition of Civil Society Organizations (CSOs) have said. According to a letter by the EFCC […]
By Patrick Wemambu No fewer than 14 officials of the Nigerian National Petroleum Company Limited (NNPCL), including two former chief executives, Mele Kyari and Abubakar Yar’Adua, are currently under investigation by the Economic and Financial Crimes Commission (EFCC) over alleged misappropriation of funds and abuse of office, a letter addressed to the NNPCL has shown. […]
BY MOTOLANI OSENI The Nigerian National Petroleum Company Limited (NNPCL) has secured another breakthrough export deal by shipping out its own cargo to a customer. The crude will be loaded on 9 or 10 April on Greek owner Delta Tankers’ 164,000-dwt Meltemi I (built 2006), chartered by the Nigerian producer’s NNPC Shipping, which industry sources […]
…Experts, engineers, gender advocates react to sweeping changes BY MOTOLANI OSENI President Bola Tinubu’s sweeping reorganisation of the Nigerian National Petroleum Company Limited (NNPCL) has triggered a wave of reactions across the oil and gas sector, with experts, professional bodies, and gender advocates weighing in on the implications of the shake-up. While the Nigerian Society […]
BY ANDREW OROLUA The Federal High Court in Abuja on Tuesday dismissed the objections to Dangote Refinery suit seeking to prevent the issuance of petroleum import licenses to five companies. The objections was raised by the Nigerian National Petroleum Company Limited (NNPCL) against the N100B suit instituted by Dangote Refinery and Petrochemicals FZE against the […]
By Tunde Opalana Amidst the adjustments in global energy sector developments and a notable decline in international crude oil prices, the Nigerian National Petroleum Petroleum Company Limited (NNPCL) on Thursday announced a N15 cut in the pump price of petrol. Pump price of petrol has now been reduced from N960 to N945 and the company […]
…as experts question health of Port Harcourt, Warri Refineries Contrary to the impression created by the Nigerian National Petroleum Company Limited (NNPCL) that it was succeeding with domestic refining of petrol and diesel following its reported restreaming of the Port Harcourt and Warri refineries, facts have emerged on how the corporation imported 122,000 metric […]
BY ANDREW OROLUA A Federal High Court in Abuja will rule on the objection filed by Nigeria National Petroleum Company Limited (NNPCL) on March 18 as the company insisted the Court lacked jurisdiction to entertain a suit filed by Dangote Refinery challenging the issuance of petrol import licenses to five companies. Nigeria National Petroleum Company […]
BY ANDREW OROLUA A Federal High Court in Abuja, on Thursday, fixed Feb 5 for hearing of the Nigeria National Petroleum Company Limited (NNPCL)’s preliminary objection against a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo fixed the date after counsel to Dangote Refinery, George Ibrahim, […]