NNPCL

Business

NNPCL may stop importation of petrol as depots price nears N1,000/ltr

Mfon Ekanem - September 3, 2024

The pump prices of Premium Motor Spirit (PMS), commonly referred to as petrol, may soon exceed N1,000 per liter at filling stations across Nigeria. This is due to the escalating costs of the commodity at private depots, where prices...

Economy

Atiku demands immediate listing of NNPCL on stock exchange in line with PIA

Mfon Ekanem - September 2, 2024

Former Vice President Atiku Abubakar has called for the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange, as mandated by the Petroleum Industry Act (PIA). This demand is coming in the wake of...

Economy

Senate Slams NNPCL, FIRS, Police, and Others Over Refusal to Respond to Audit Queries

A Effanga - August 13, 2024

The Nigerian Senate, through its Committee on Public Accounts, has expressed deep frustration over the refusal of several key government agencies to respond to audit queries raised against them in the 2019 Audit report. This refusal, the Senate insists,...

Governance

FEC Directs Sale of Nigeria’s Crude Oil to Dangote, Other Local Refineries in Naira

Abbah Umar - July 30, 2024

In a significant move aimed at bolstering the local economy, the Federal Executive Council (FEC) has directed that Nigeria's crude oil be sold to Dangote and other local refineries in naira. This decision marks a pivotal shift in the...

Economy

Ailing Economy: NNPCL and CBN Promise Quick Recovery as NASS Holds Key Session with Stakeholders; Nigeria to Become Net Petroleum Exporter by December

A Effanga - July 15, 2024

Critical stakeholders of Nigeria’s economy, including the Nigerian National Petroleum Company Limited (NNPCL), the Central Bank of Nigeria (CBN), and other key entities, gathered in Abuja on Monday to announce that the country's struggling economy is showing signs of...

Economy

NNPCL Urges Creation of Special Court to Combat Crude Oil Theft

Mfon Ekanem - June 14, 2024

To fully harness its potential as a driver of national economic and industrial growth, Mele Kyari, Group Chief Executive Officer of NNPC Limited, emphasized the crucial role of the judiciary in addressing the challenges of crude oil theft and...

Economy

Nigeria’s Crude Oil Production Falls to 1.25 Million Barrels Per Day in May, Reports OPEC

Mfon Ekanem - June 13, 2024

Nigeria's crude oil production fell to a record low of 1.25 million barrels per day (bpd) in May 2024, according to the Organisation of Petroleum Exporting Countries (OPEC). The OPEC monthly oil market report for June, reviewed by Channels Television,...

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