Why Delta Ranks Highest in Oil Production — Aniagwu
The Delta State Government has said it has consistently taken strategic steps over the years to boost national revenue by ensuring peace and development in oil-producing communities across the state. The State Commissioner for Works (Rural Roads) and Public Information,…
Corruption Allegations: Ex-NNPCL Boss Mele Kyari Denies Arrest, Reaffirms Willingness to Account for Tenure
Abuja, Nigeria — Engr. Mele Kyari, the recently removed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has publicly refuted reports alleging his arrest by the Economic and Financial Crimes Commission (EFCC). In a strongly worded…
CNPP Applauds NNPCL’s Bold Move to Revive Naira-for-Crude Initiative, Demands Accountability and Incentives for Local Refineries
In a significant development for Nigeria’s oil sector, the Conference of Nigeria Political Parties (CNPP) has lauded the new management of the Nigerian National Petroleum Company Limited (NNPCL) for reinstating the naira-for-crude initiative. This policy, which had been suspended under…
Explosions Rock Key Oil Export Facilities in Rivers Amid Political Turmoil
Rivers State, Nigeria, is grappling with a dual crisis as explosions at key oil facilities coincide with escalating political tensions surrounding Governor Siminalayi Fubara’s administration. The unfolding events have left the state on edge, with concerns over both environmental damage…
Dangote Refinery Slashes Petrol Pump Nationwide Effective February 27
Dangote Petroleum Refinery has officially announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) by N65, effective from 27th February 2025. The new price, N825 per litre, marks the second price reduction in February 2025, following an…
136.7m Litres of PMS Imported in One Day – Report
The Nigerian National Petroleum Company Limited (NNPCL) imported 136.7 million litres of premium motor spirit (PMS) in a single day as importation of refined petroleum products persists, Daily Trust can report. A document sighted by Daily Trust showed that the…
How First Bank’s Recklessness Endangered 93 Lives on Oil Rig, General Hydrocarbons Limited Reveals
A bitter dispute has erupted between General Hydrocarbons Limited (GHL) and First Bank of Nigeria (FBN) over allegations of recklessness, diversion of funds, and abuse of court processes. In a strongly-worded statement, GHL accused FBN of putting the lives of…
OIL PRICE SHOCKER: Global Markets Reel as Brent Crude Surges Amid US Sanctions on Russia
The global oil market was thrown into chaos on Monday as Brent crude prices skyrocketed to $81 per barrel, marking the highest price in over four months. The sudden surge was triggered by the latest US sanctions on Russia’s oil…
NNPC Limited Invites Ex-President Obasanjo to Verify Port Harcourt Refinery’s Operational Status
Hours after his revelation that Nigerian National Petroleum Company Limited (NNPC Limited), previously Nigerian National Petroleum Corporation (NNPC), rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007, the company has extended…
How NNPC Rejected Dangote’s $750 Million Offer to Manage Nigeria’s Refineries, Obasanjo Reveals
In a recent interview with Channels Television, former President Olusegun Obasanjo revealed that the Nigerian National Petroleum Corporation (NNPC), now Nigerian National Petroleum Company Limited (NNPC Limited) rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt…
CNPP Hails NNPC Limited for Port Harcourt Refinery Rehabilitation, Calls for Greater Transparency and Accountability
The Conference of Nigeria Political Parties (CNPP) commended the Nigerian National Petroleum Company Limited (NNPC Limited) for successfully completing the long-awaited rehabilitation of the Port Harcourt Refinery after several failed self-imposed deadlines. This, according to the CNPP, is a significant…
