Nigeriaโ€™s National Petroleum Company Limited warned Nigerians in the federal capital and flood-ravaged areas in Kogi state to desist from Panic buying, citing that it has enough PMS in stock. This was disclosed in a statement by NNPC on Thursday evening. They blamed the queues in the North Central area on flooding affecting delivery. Garba […]

The Nigerian National Petroleum Company (NNPC) Limited has denied allegations that it is operating secret accounts. The state-owned oil giant said that it does not directly or through its upstream arm, the National Petroleum Investment Management Services (NAPIMS) operate secret accounts. The reaction followed reports that the House of Representatives committee probing all joint venture […]

Chief Timipre Sylva, Minister of State for Petroleum Resources, says there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of […]

The Nigerian National Petroleum Company Ltd will tomorrow seal a Memorandum of Understanding on gas pipeline project with National Office of Hydrocarbons and Mines of Morocco and the ECOWAS Commission. The MoU is expected to drive the execution of the 7,000km Nigeria-Morocco gas pipeline project. In preparation of the signing of the agreement scheduled to […]

NNPC Ltd has reacted to allegations of Nigeria spending way too much on litres of subsidized fuel, stating that it will offer itself for a forensic audit of fuel supply and subsidy management, insisting that daily fuel supply is 68 million litres. This was disclosed in a statement on Sunday by Malam Garba Muhammad, Group […]

Col. Hameed Ali (retd.) the Comptroller-General of Nigeria Customs Service, has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot justify the volume of Premium Motor Spirit (petrol) being consumed in the country daily to warrant the over N6.34tn subsidy payment on the commodity annually. During his presentation to the […]

President Muhammadu Buhari on Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeriaโ€™s National Energy Security is guaranteed. Speaking at the historic occasion at State House Conference Centre, the President said Africaโ€™s largest National Oil Company (NOC) would also […]

The Nigerian National Petroleum Company (NNPC) Limited has approved a new pump price after weeks of promises that it will retain N165. NNPC, in a notice to fuel marketers, directed them to change the petrol price on pumps to N179 per litre from N165 per litre effective today (Tuesday). This was even as the company […]

Fuel scarcity has returned to some parts of Lagos, as queues resurfaced in some filling stations along Lagos Ibadan expressway, Ikorodu road, and Ikoyi on Monday. This was confirmed by our analysts who visited some filling stations along the Lagos-Ibadan expressway, Ikorodu road, Lagos Mainland; Obafemi Awolowo way, Ikoyi and Obalende; Lagos Island on Sunday […]

The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline operators reaching a deal. It was agreed that the NNPC would supply Jet-A1 to marketers nominated by airline operators for a period of three months […]


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