By Seun Ibiyemi The NNPC Foundation Ltd./Gte has continued its Corporate Social Responsibility (CSR) drive on financial literacy with the second 2026 National Youth Service Corps (NYSC) skills empowerment training for Batch A, Stream 2 corps members at the FCT NYSC Orientation Camp, Kubwa, Abuja. The programme, held over the weekend, was delivered in partnership…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has denied claims circulating in some quarters that it is selling refinery scrap materials, equipment, or components to individuals and private companies, describing the reports as false and misleading. In a public notice issued on Friday in Abuja, the company said it had not authorised…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the recent rise in Nigeria’s crude oil production to strengthened pipeline security and coordinated stakeholder collaboration. Speaking at the Parliamentary Roundtable on the State of Pipeline Security held at the National Assembly in Abuja on Wednesday, the Group Chief Executive Officer of…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the export of a new crude oil grade, Cawthorne, marking a significant milestone in its drive to boost Nigeria’s oil production and expand its portfolio of globally competitive export streams. The company confirmed that the maiden cargo of the Cawthorne blend was…
By Seun Ibiyemi The Executive Vice President, Upstream at NNPC Limited, Udy Ntia, has highlighted Nigeria’s rising profile as a leading destination for global energy investment at the ongoing CERAWeek. Speaking at a high-level session titled “Data-Rich, Infrastructure Ready: The Competitive Edge of Proven Super Basins,” Ntia said improved fiscal stability, regulatory certainty, and a…
..Targets 30bcm annual supply By Seun Ibiyemi The Federal Government has made progress on its proposed transcontinental gas pipeline project aimed at transporting Nigeria’s vast natural gas reserves to European markets. The pipeline, still at an early development stage, is being driven by a consortium of global industry players. It will undergo extensive technical, commercial,…
The Economic and Financial Crimes Commission has handed over ₦3,936,145,822 in recovered funds to the Nigerian National Petroleum Company Limited, marking a major step in efforts to clean up Nigeria’s oil sector and recover diverted public assets. The handover ceremony took place on Wednesday at the EFCC headquarters in Abuja, underscoring intensified collaboration between anti-corruption…
By Seun Ibiyemi Nigeria’s President, Bola Ahmed Tinubu, has approved a targeted fiscal incentive package aimed at unlocking the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater oil project, a development expected to attract about $20 billion in foreign direct investment into the country. The approval marks a significant milestone in…
By Seun Ibiyemi The Chairman of the Senate Committee on Public Accounts, Aliyu Wadada, has acknowledged that unraveling the alleged ₦210 trillion discrepancies in the financial records of the Nigerian National Petroleum Company Limited (NNPCL) is proving to be a difficult and complex task. Wadada, however, stressed that the Senate’s ongoing probe is focused on…
…Surges above $100 as Middle East conflict escalates … Fuel price changes driven by market forces – NMDPRA By Seun Ibiyemi Fresh concerns over a possible increase in petrol prices have emerged in Nigeria’s downstream petroleum sector following the suspension of loading operations at the Dangote Petroleum Refinery. The refinery has halted the loading of…
