Tag: NNPCL

NNPCL GCEO Bayo Ojulari Alleges Plot to Unseat Him Amid Fierce Power Struggle

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NNPCL GCEO Bayo Ojulari Alleges Plot to Unseat Him Amid Fierce Power Struggle

Abuja, August 2025 — The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has cried out that he is under coordinated attack by powerful interests who are plotting to force him out of office. Ojulari, who was appointed barely four months ago by President Bola Tinubu to drive reforms…

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NNPC Considers Selling Refineries Amid Mounting Doubts Over Viability

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NNPC Considers Selling Refineries Amid Mounting Doubts Over Viability

The Nigerian National Petroleum Company Limited (NNPC) may be moving toward divesting from its traditional refining operations, as its current head, Bayo Ojulari, suggests that the Port Harcourt, Warri, and Kaduna refineries may no longer be viable assets. Speaking during an interview in Vienna, Austria, at the 9th OPEC International Seminar, Ojulari revealed that a…

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NNPC Increases Pump Petrol of Price

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NNPC Increases Pump Petrol of Price

The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to N915 per litre in Lagos and N945 per litre in Abuja. The current price represents a N45 increase from the previous price of N870 per litre in Lagos and N35 hike from the prior price of N910 in Abuja. It…

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NNPCL Retail Outlets Raises Petrol Price To N960 In Lagos

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NNPCL Retail Outlets Raises Petrol Price To N960 In Lagos

The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of premium motor spirit (PMS) also known as petrol in Lagos and its environs. On December 23, 2024, the national oil company reduced the retail price of petrol at its outlets to N925 per litre from N1,025 per litre in Lagos. However, on Tuesday,…

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Import Licenses: We’re Settling Out Of Court With NNPCL, Others — Dangote

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Import Licenses: We’re Settling Out Of Court With NNPCL, Others — Dangote

The Dangote Refinery and Petrochemicals said yesterday it has opted for settling out of court with the Nigerian National Petroleum Company Limited, NNPCL, and six others over import licences granted them by the Nigeria Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to import petrol into the country. Recall that the company had filed a suit…

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Dangote Refinery Drags NNPCL, others To Court Over Import Licenses, Seeks N100b Sabotage Damages

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Dangote Refinery Drags NNPCL, others To Court Over Import Licenses, Seeks N100b Sabotage Damages

The Dangote Petroleum Refinery and Petrochemicals FZE, has filed a suit before a Federal High Court in Abuja, seeking to nullify import licenses the Nigeria National Petroleum Corporation Limited (NNPC) and six others secured to import refined petroleum products into the country. The other defendants in the suit are the Nigeria Midstream and Downstream Petroleum…

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Lagos Lawyer Files FOI Request On N11.3tn Refinery Rehabilitation Spending

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Lagos Lawyer Files FOI Request On N11.3tn Refinery Rehabilitation Spending

A Lagos-based attorney, Abdul-Ganeey Imran, has filed a Freedom of Information request to the Nigerian National Petroleum Company Limited, demanding details about the state of the country’s four government-owned refineries. In the request, which was addressed to NNPC Group Chief Executive Officer, Mele Kyari, Imran sought clarification on the reported N11.3tn spent on refinery rehabilitation…

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NNPCL Budgets 8 million Barrels Of Crude Monthly For $8.8bn Debt Payment – Report

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NNPCL Budgets 8 million Barrels Of Crude Monthly For $8.8bn Debt Payment – Report

The Nigerian National Petroleum Company Limited has pledged 272,500 barrels per day of crude oil through a series of crude-for-loan deals totalling $8.86bn. By pledging 272,500 barrels daily, it means that about 8.17 million barrels of crude will be used for different loan deals by the national oil firm on a monthly basis. This is…

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Finance and Economy

Revert To Old Petrol Pump Price – House of Reps Tells FG, NNPCL

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Revert To Old Petrol Pump Price – House of Reps Tells FG, NNPCL

The House of Representatives Committee on Petroleum Resources (Upstream) has demanded the reversal of fuel to the old price, urging the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to comply. Rep. Alhassan Ado-Doguwa, the Chairman of the committee in a statement in Abuja, described the hike in petrol price as unacceptable. He…

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NNPC Yet To Lift Our Petrol, No Price Announced Yet – Dangote Refinery

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NNPC Yet To Lift Our Petrol, No Price Announced Yet – Dangote Refinery

Dangote Refinery has announced that the Nigerian National Petroleum Corporation (NNPC), is yet to lift Premium Motor Spirit (PMS), commonly known as petrol from its refinery. It also added that the refinery is yet to announce any price for the sale of petrol from its refinery to members of the public. The Chief Branding and…

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