Tag: NNPCL
Court orders final forfeiture of ₦3.4bn, properties linked to NNPC fraud
The forfeited properties and the funds were said to be proceeds of unlawful activities derived from three major projects awarded…
SERAP gives Senate ultimatum over missing ₦210 trillion NNPCL funds
SERAP warned that the credibility of the investigation hinges on openness, noting that the magnitude of the alleged discrepancies and…
Probe ₦5.9bn NNPC rebranding cost or face court action, SERAP tells Tinubu
If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government and…
NNPCL increases petrol price within 24 hours
This change happened after global crude oil prices rose above $90 per barrel. PETROAN has called on Nigerian oil regulators…
Expert faults Wadada’s N210tn claim on NNPCL, says figure ‘defies economic logic’
“There is simply no operational pathway through which NUIMS could independently disburse tens or hundreds of trillions of naira outside…
NNPCL retains second spot as Africa’s top 500 firms hit record $782.8bn revenue
The top four companies kept their positions. Algeria’s Sonatrach remained number one. Nigeria’s NNPC Limited (NNPCL) stayed in second place.…
PENGASSAN: Tinubu’s executive order could weaken NNPCL, discourage investors
Osifo stressed that any executive action must align with the Petroleum Industry Act to avoid negative investor signals.
SERAP sues NNPCL over unaccounted N22.3bn, Millions in Oil Funds
SERAP argued that the alleged diversion of oil revenues reflects a broader failure of accountability and transparency at NNPCL. The…
New Rate: Transport, goods at risk as NNPCL raises fuel price
According to the company, petrol now sells for ₦835 per litre in Lagos and ₦839 per litre in Abuja. The…
NNPCL responds to market pressure, lowers petrol price by N15
Newsmen who visited filling stations across Abuja on Thursday confirmed that NNPCL has cut its pump price from N945 to…
NNPCL delivers ₦5.4 billion Profit after tax in 2024 financial report
Others include, attracting and mobilising $60 Billion in investments across all oil and gas sectors by 2030. As it also…
Import licence dispute: Dangote Refinery’s 100bn suit against NNPCL, others stalled
Dangote Refinery had through its lawyer, prayed the court to nullify import licences issued by NMDPRA to the NNPCL and…
Nigerian crude output to hit 1.8m barrels by December
“Mr President gave us a clear mandate to ramp up crude output to at least two million barrels per day…
Tinubu orders immediate talks for Oil resumption in Ogoniland
“This reconciliation is not an erasure of history but the commitment to write the next chapter together,” Tinubu said, assuring…
Government, communities to finalize modalities for Ogoni oil restart
The discussions included demands for fair participation in oil production, faster environmental cleanup, and long-term development projects.
Why we suspended planned mass action against NNPCL- Niger Delta youths
The forum’s Chairman, Sir Jonathan Lokpobiri, expressed willingness to collaborate with authorities to efficiently revive the refineries within the Niger…
Niger – Delta ex-agitators withdraw Petition against pipeline security firm, apologize for “misinformation”
The group had earlier accused the firm of failing to meet expectations, marginalizing local youths, renaming Ijaw communities without consent,
Arewa group challenges FG on alleged forced resignation of NNPCL boss
The AEF, a prominent Northern-based think tank, expressed deep concern over the allegations, stating that such actions, if true, would…
Senate gives NNPCL boss 3 weeks to respond to queries on N210trn
Explaining the nitty-gritty of the queries to the NNPCL GCEO, Wadada said that the N210 trillion unaccounted for was broadly…
NNPCL’s price drop offers little relief to commuters — Here’s why
The new price was seen on Wednesday, July 23, at several NNPCL petrol stations in Abuja. It is ₦5 less…
Refinery loot? SERAP sues NNPCL over alleged disappearance of ₦825bn, $2.5bn
Furthermore, SERAP seeks a court directive requiring the NNPCL to identify those responsible for the missing funds, surcharge them accordingly,…
2027, NNPCL and the gathering of termites
To make matters worse, the so-called exclusive investigative report was syndicated across four online platforms easily known for similar basic…
Alleged $7.2bn fraud: I’m ready to defend myself, says ex-NNPCL finance chief
Isa and three others were said to have been arrested by the EFCC over alleged fraud at the nation’s oil…
NNPC spokesperson Olufemi Soneye resigns
“I remain a steadfast supporter and ambassador of NNPC Ltd wherever I go. I enjoin you, dear colleagues, to continue…
FG breaks silence on forward Crude Oil Sale: “No deal collapsed”
According to the statement, the forward sale of crude oil-an arrangement often used to secure financing by pledging future oil…
NNPC exposes shocking scam ring posing as Board officials
The state-owned oil company advised both local and international business entities to remain vigilant and avoid falling victim to these…
SERAP storms court: Demands NNPCL account for vanished N500bn Oil cash
SERAP disagrees and has taken the matter to the Federal High Court in Lagos, seeking an order compelling NNPCL to…
NIPR Awards: NGE, others hail NNPCL’s spokesperson Soneye
In the latest round of congratulations, the Nigerian Guild of Editors (NGE) and the press corps of the Senate and…
Reclaiming NNPC: A Necessary Reset to Rescue Nigeria’s Oil Industry from Systemic Rot
The transition of NNPC into a limited liability company was supposed to signal a new era of commercial discipline and…
Nigeria’s opposition parties commend Tinubu over sack of NNPCL Board
"This significant step by President Tinubu has reignited hopes for a more transparent and efficient oil industry in Nigeria," CNPP…