30 results
- 17 Feb 2023
NNPCL Officially Takes over as FG Rests NNPC
The Federal Government Friday wound up the Nigerian National Petroleum Corporation, NNPC, after 46 years of operation and its place, the Petroleum Industry Act enabled Nigerian National Petroleum…
- 11 May 2023
NIGCOMSAT Partners NNPC to Deliver Satellite Services
Nigerian Communications Satellite (NIGCOMSAT) Limited has entered into strategic partnership with National Petroleum Telecommunications Limited (NAPET)l, a subsidiary of Nigerian National Petroleum…
- 18 Oct 2023
Olufemi Soneye GOCOP Member Appointed CCCO of NNPCL
Olufemi Oladapo Soneye, a member of the Guild of Corporate Online Publishers, has been appointed the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited. Olufemi…
- 13 Oct 2024
SERAP Urges Tinubu to Reverse Petrol Price Hike Pending Court Verdict
Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to direct the Nigerian National Petroleum Company Limited to immediately reverse the second increase in petrol prices…
- 13 Jan 2021
Chappal Petroleum Development Company Appoints Ufoma Immanuel as MD
Ufoma Joseph Immanuel has been appointed as the Managing Director of Chappal Petroleum Development Company ‘Chappal’, effective January 2021. Ufoma is also one of the founding partners of Chappal, an…
- 22 Aug 2024
NNPC Shares Update on Northern Oil Exploration Efforts, Pledges Continued Support for FG's Ambition in Frontier Regions
Nigerian National Petroleum Company Limited (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the…
- 14 Oct 2014
NPDC, Seplat to Invest N32Bn on Azura Power Plant
The Nigerian Petroleum Development Company (NPDC) and Seplat Petroleum Development Company Plc Joint Venture will invest N32bn ($200m) on the Azura-Edo power plant, Mrs. Diezani Alison-Madueke, the…
- 20 Nov 2016
NNPC, Shell Sign MoUs with Nigerian Banks for $2.2Bn Contractor Financing Support
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC) has signed Memoranda of Understanding (MoUs) with eight Nigerian banks under the refreshed Shell…
- 20 Nov 2016
NNPC, Shell Sign MoUs with Nigerian Banks for $2.2Bn Contractor Financing Support
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC) has signed Memoranda of Understanding (MoUs) with eight Nigerian banks under the refreshed Shell…
- 5 Nov 2025
NNPC Rules Out an IPO for Now
Nigerian National Petroleum Company (NNPC) Limited, state-owned oil company, has suspended plans for a potential public listing, confirming it will remain entirely government-owned for the…
- 7 Jan 2026
NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
By Blaise Udunze When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the…
- 2 Apr 2025
Shell, Renaissance Face Legal Action over SPDC Licence Transfer
A suit seeking to stop Shell Petroleum Development Company Limited’s deal transferring its mining licence to Renaissance African Energy Company Limited has been filed at the Federal High Court in…
- 9 Jun 2025
Beware!, Fraudsters Using our Name to Defraud Investors- NNPCL
Nigerian National Petroleum Company Limited (NNPC) has warned local investors and foreign businesses about the activities of fraudsters falsely claiming to represent the company. The state-owned…
- 18 Dec 2024
Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim
Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale…
- 22 Aug 2012
Weco Systems Partners NNPC on Next Generation Data Centre
The Nigerian National Petroleum Corporation (NNPC) is the National Oil Corporation through which the federal government of Nigeria regulates and participates in the country's petroleum industry. NNPC…
- 17 Oct 2013
NNPC Says No Cause For Alarm over IOCs Divestment
Nigerian National Petroleum Corporation (NNPC) has dismissed fears that the recent spate of divestment of onshore oil blocks by International Oil Companies (IOCs) may lead to crisis in the nation’s…
- 20 Apr 2014
NNPC Denies Rift with Diezani, Petroleum Minister
Nigerian National Petroleum Corporation (NNPC) at the weekend denied the rumour of frosty relationship between Mrs. Diezani Alison-Madueke, minister of Petroleum Resources and chairman of NNPC board,…
- 19 Jun 2025
How and Why N210 Trillion is Missing in NNPCL - CFO
Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial…
- 1 Jun 2025
SERAP Sues NNPC over Alleged Missing ₦500Bn, Seeks Accountability
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over its failure to account for the alleged missing ₦500…
- 3 Jul 2025
NNPCL Posts 40% Profit Hike, Hits ₦1 Trillion Mark
Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax of ₦1.054 trillion for May 2025, representing a significant 40.4 percent jump from the ₦748 billion recorded in…
- 14 Nov 2016
FG to Restructure NNPC, List Shares on NSE
Federal government plans to list the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange, once it concludes its reforms of the country’s petroleum sector, the latest draft…
- 12 Aug 2015
Buhari Sacks MDs of NNPC Subsidiaries
President Muhammadu Buhari has fired the managing directors of the subsidiaries of the Nigerian National Petroleum Corporation (NNPC) and retired 38 top management staff of the firm, trimming down…
- 18 May 2025
SERAP Asks Ojulari, NNPC CEO to Account for Missing N500Bn or Face Legal Action
Socio-Economic Rights and Accountability Project (SERAP) has called on Mr. Bayo Bashir Ojulari, group chief executive officer, Nigerian National Petroleum Company (NNPCL) Limited, to provide…
- 14 Aug 2024
Audit Report : Senate Slams NNPCL, FIRS, Police, Others Over Refusal to Respond to Queries
Senate through its Committee on Public Accounts on Tuesday slammed the management of the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), the Nigeria…
- 27 Mar 2025
NNPC Ready to Go to Capital Market for IPO- CFIO
Nigerian National Petroleum Company (NNPC) Limited has announced its readiness for the capital market with an Initial Public Offer (IPO) now in the final stage. Mr. Olugbenga Oluwaniyi, chief finance…
- 14 Jul 2024
NNPC Cuts Investment In Dangote Refinery From 20 Percent to 7.2 Percent
Nigerian National Petroleum Company (NNPC) Limited has reduced its investment in the Dangote Refinery from 20 per cent to 7.2 per cent, according to Aliko Dangote, chief executive officer, Dangote…
- 2 May 2013
Alison-Madueke, Shell in $380Bn “Shady” Oil Deal-Reps
House of Representatives, Thursday accused Mrs. Diezani Alison-Madueke, minister of Petroleum Resources; Shell Petroleum Development Company Limited; and officials of the Nigerian Petroleum…
- 25 May 2025
HEDA Sues FG, Oil Giants over Alleged Unlawful Oil Licence Transfer
Incorporated Trustees of HEDA Resource Centre have filed a lawsuit against the Federal Government, multinational oil companies, and Nigerian government agencies at the Federal High Court in Lagos,…
- 14 Sept 2009
NNPC Asks N/Assembly to Enact Law on Pipeline Attack
The Nigerian National Petroleum Corporation (NNPC) has asked the National Assembly to enact laws that will criminalise pipeline vandalization in the country. The Corporation implored the lawmakers to…
- 22 Oct 2015
NNPC Denies $25m Oil Block Transaction with Indian Firm
Nigerian National Petroleum Corporation (NNPC) yesterday denied any involvement in transactions with an Indian company, Oil and Natural Gas Corp-Mittal Energy Limited, said to have acquired an…