The Nigerian National Petroleum Company Limited has seen fit to decrease its premium motor spirit prices at the pump, following the decision made by Dangote Refinery and various depot owners to lower their ex-depot costs. Reports indicate that filling stations in Abuja, as of Thursday, noted that the state-owned enterprise has trimmed its fuel price…
According to the Nigerian National Petroleum Company Limited, NNPCL, in September, 2025, the company has realized a profit after tax, PAT of N216 billion out of a total revenue of N4.26 trillion. The overall revenue is a decreasing figure compared to the N4.654 trillion in August 2025. This was revealed on Tuesday in the monthly…
The Nigerian National Petroleum Company Limited (NNPCL) just dropped some wild numbers—monthly profit shot up by a jaw-dropping 91.3%. We’re talking N539 billion in August 2025, up from N185 billion in July. That’s not just a little bump; that’s a whole trampoline jump. Their August report is packed with cash talk. Revenue hit N4.655 trillion…
The Nigerian National Petroleum Company Limited has successfully formed an alliance with local private oil and gas enterprises through a collaborative production sharing contract concerning petroleum exploration licenses. NNPCL conveyed this information in a statement on Monday, indicating that the momentous occasion unfolded at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Headquarters situated in Abuja….
Two prominent oil and gas entities from Nigeria, the esteemed Nigerian National Petroleum Company Limited and Nigeria Liquified Natural Gas Limited, alongside various other key upstream gas producers, have successfully inked Gas Supply Agreements to facilitate the delivery of an impressive 1.29 billion standard cubic feet per day (bscf/d) of feed gas. NNPCL announced this…
By Ajibola Olarinoye The Renewed Hope Ambassadors (RHA), a socio-political pressure group, stated on Thursday that ongoing reforms in Nigeria’s oil and gas sector will establish the country as the top investment destination in Africa. In response to recent developments in the sector, including the leadership transition at the Nigeria National Petroleum Company Limited (NNPCL),…
The Nigerian National Petroleum Company Limited (NNPCL) has announced its commitment to collaborate with key stakeholders to increase crude oil production to over two million barrels per day (bpd) by the end of 2024. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, shared this information in a statement on Monday, addressing concerns regarding discrepancies…
ISSUES IN MY COUNTRY WITH LAI OMOTOLA Why Dangote May Not Announce the Price of Fuel. Recently, Dangote Refinery commenced the lifting of premium motors spirit known as petrol. Quite a number of people across Nigeria celebrated the commencement of this lifting. It was a joyous moment when the Minister of Finance came in to…
Dangote Refinery has responded to the Nigerian National Petroleum Company Limited (NNPCL), which alleged that it purchased fuel from them at N898 per litre. [Read more here](https://dailypost.ng/2024/09/15/dangote-sold-fuel-to-us-at-n898-per-litre-nnpcl/). In a statement released to newsmen and signed by Anthony Chiejina, the Group Chief Branding and Communications Officer of Dangote Company, the claims were firmly rejected. Chiejina labeled…
The Nigeria Employers Consultative Association (NECA) has condemned the recent increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, by the Nigerian National Petroleum Company Limited (NNPCL). NECA characterized this situation as Nigerians suffering due to the inefficiencies of NNPCL. In a statement released on Tuesday in Abuja, NECA’s Director…
