THE Federal High Court (FHC) in Abuja, on Tuesday, dismissed the Nigeria National Petroleum Company Limited (NNPC Ltd’s] objection to a suit filed by the Dangote Petroleum Refinery and Petrochemicals FZE over oil import licence dispute. Justice Inyang Ekwo, in a ruling, dismissed the objection on the grounds that the …
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THE Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has reaffirmed commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilised to deliver meaningful development in host communities. Mr Seyi Omotowa, Chief Upstream Investment Officer of NNPC Ltd. made the pledge at a stakeholders engagement session …
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THE price of petrol in Nigeria has dropped to N860 ($0.57) per litre, bringing some relief to consumers grappling with high living costs. The decline follows price reductions by the Dangote Refinery, a major local fuel producer, which has adjusted its depot prices twice in February. As reported by Agence France-Presse (AFP), the Nigerian …
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THE Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has commended the NNPC Retail Ltd. for slashing the price of Premium Motor Spirit (PMS), known as petrol from N920 to N875 per litre. PETROAN said the bold move was expected to alleviate the financial burden on Nigerians amidst rising inflation. …
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The Nigerian National Petroleum Company Limited (NNPC) has reduced the price of petrol to N860 per litre. This move followed a recent reduction in pump price of the product by Dangote Refinery, which also lowered their fuel price from N890 to N825 per litre. Hammed Fashola, National Vice President of …
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THE Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has outlined efforts and plans of the administration to achieve Nigeria’s ambitious target of increasing oil production to 4 million barrels per day by 2030. Speaking in an exclusive interview with Arise News on Wednesday, Verheijen said the government …
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THE Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, Mele Kyari, has debunked a report claiming that the company imported over 200 million litres of Premium Motor Spirit (PMS) in February 2025. An online newspaper had reported that the national oil company imported 213 million …
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THE Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, Mele Kyari, said he went from being an Almajiri school pupil to becoming the NNPC boss. Kyari disclosed this in a statement shared on X to celebrate his 60th birthday on Wednesday, January 8, 2025. The …
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NIGERIAN National Petroleum Company (NNPC) Limited has reduced its ex-depot price of petrol to N899 per litre in Lagos. Newsextra24 reports that the development comes days after the Dangote refinery slashed the ex-depot price of the product to the same amount. Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) announced …
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NIGERIA National Petroleum Company (NNPC) Limited has disclosed that the new Port Harcourt refinery is over 90 percent completed. Newsextra24 reports that the Port Harcourt Refining Company (PHRC) operates two refineries; the old plant with a capacity of 60,000 barrels per stream day (bpsd) and a new facility with 150,000 …
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