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 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 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 Adeyemi David Minister of Works, Sen. David Umahi, has called on the National Assembly to support President Bola Tinubu in raising N7 trillion through bonds to fund the completion of road projects previously handled by the Nigerian National Petroleum Company Limited (NNPCL). Umahi made the appeal on Wednesday in Abuja while defending the ministry’s…
Nigeria failed to meet its assigned crude oil production quota for the sixth month in a row, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). The OPEC monthly report, released on Wednesday, showed that Nigeria’s crude oil output fell to 1.478 million barrels per day (bpd) in January 2026,…
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for N22.3bn, $49.7m, £14.3m and €5.2m in oil revenue. This was disclosed in a statement issued by SERAP Deputy Director, Kolawole Oluwadare, on Sunday. The action follows allegations contained in the 2022…
