NNPCL Agrees to Sell Petrol at N995/Litre to Marketers Despite DSS Intervention
The price of petrol in Nigeria remains steep as the Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell…
BREAKING: NNPC Attributes Fuel Scarcity to Financial Strains and Supply Challenges
The Nigerian National Petroleum Company (NNPC) Limited has confirmed the concerns raised in recent national newspaper reports about its substantial…
NNPCL Denies Tinubu’s Involvement in OVH Acquisition, Responds to Atiku’s Allegations
The Nigerian National Petroleum Company Limited (NNPCL) has clarified that its investment decisions are solely based on commercial viability and…
NNPC confirms payment but says it’s not for fuel subsidy
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that it has not made any fuel subsidy payments in…
Federal Government pays NNPC to sell PMS at half price of landing cost – Umar Ajiya
Alhaji Umar Ajiya, the Chief Financial Officer (CFO) of the Nigeria National Petroleum Company Ltd (NNPCL), has revealed that the…
NNPC Declares Record ₦3.3trn Profit, Eyes 2m Barrels Daily Oil Production by December
The Nigerian National Petroleum Company Limited (NNPC) has announced a record-breaking net profit of ₦3.297 trillion for the financial year…
Tinubu Approves NNPC’s Request To Use Dividends To Pay Subsidy, As Fuel Subsidies Gulp N6.8Trillion
President Bola Tinubu has granted approval for the Nigerian National Petroleum Company (NNPC) Limited to use its 2023 final dividends…
Fuel Scarcity: NNPC Blames Distribution Issues as Shortage Extends to Sixth Week
Nigeria is currently experiencing its third significant fuel shortage of 2024, with the Nigerian National Petroleum Company Limited (NNPCL) attributing…
NNPC Denies Sabotage Allegations, Says It Reduced Stake in Dangote Refinery To Invest In CNG
The Nigerian National Petroleum Company (NNPC) Limited has clarified that its decision to reduce its stake in the Dangote Petroleum…
Nigeria’s Oil Company NNPC Spent N7.3 Billion On Entertainment In 16 Months
An examination of the financial statements of the Nigerian National Petroleum Company Limited (NNPC) reveals that its subsidiaries incurred short-term…