By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) and several independent marketers have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, for the second time in less than 24 hours following a fresh price adjustment by the Dangote Refinery. The state-owned oil company on Sunday raised its petrol…
By Seun Ibiyemi The Senate Committee on Public Accounts has summoned former Mele Kyari, ex-Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), and his management team over alleged financial discrepancies totaling N210 trillion. The committee’s chairman, Ahmed Wadada, disclosed the development at a press briefing in Abuja on Thursday, stating that…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) at its retail outlets in Abuja to N960 per litre, up from N875, following a spike in global crude oil prices triggered by escalating geopolitical tensions in the Middle East. Checks at several NNPCL filling…
By Seun Ibiyemi The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for urgent measures to consolidate and strengthen Nigeria’s domestic refineries through the provision of adequate and consistent crude oil supply, citing escalating geopolitical tensions in the Middle East. National President of PETROAN, Dr. Billy Gillis-Harry, made the call on Tuesday…
By Seun Ibiyemi The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has led a high-powered management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for talks aimed at strengthening collaboration between both energy giants. The visit, which featured a guided tour of the facility, culminated in a…
By Seun Ibiyemi The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN)Executive order: Tinubu direct oil, gas revenue remittance to federation account has described the Federal Government’s Executive Order No. 9 as a reform-driven measure that will strengthen accountability and enhance investor confidence in Nigeria’s energy sector. National President of PETROAN, Dr Billy Gillis-Harry,…
By Adeyemi David The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has strongly opposed President Bola Tinubu’s Executive Order directing the Nigerian National Petroleum Company Limited (NNPC) Limited to remit oil and gas revenues directly into the Federation Account. At a press conference in Lagos on Thursday, PENGASSAN President, Festus Osifo, described…
By Adeyemi David President Bola Tinubu has defended the sweeping executive order he signed on February 13, 2026, restructuring the financial architecture of Nigeria’s oil and gas sector, declaring that the move was aimed at ending decades of structural leakages that have deprived Nigerians of the full benefits of the nation’s hydrocarbon wealth. In a…
… Strips NNPC of right to withhold oil revenues President Bola Tinubu has issued an Executive Order directing direct remittance of oil and gas revenues to the Federation Account. The order is to safeguard and enhance revenues, curb wasteful spending and eliminate duplicative structures in the sector. This is contained in a statement issued by Presidential…
Nigerian National Petroleum Company Limited has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 as part of efforts to meet rising domestic demand and strengthen the country’s energy security. The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, noting…
