NNPC Archives - News Desk Nigeria

NNPC, Partners Begin Port Harcourt, Warri Refinery Evaluation Despite Public Backlash

NewsDeskNgJul 4, 2026July 4, 20260

NNPC says prospective partners have commenced due diligence for the Port Harcourt and Warri refineries at no cost to the company. In spite of sustained public criticism over plans to hand over the operations of the Port Harcourt and Warri refineries to private partners after close to $3 billion was...

NNPC Remits N4.86tn To Federation In Five Months Despite Profit Dip

NewsDeskNgJul 2, 2026July 2, 20260

NNPC remits N4.86 trillion to Federation Account as stronger oil output offsets lower profits and declining May revenue. Nigerian National Petroleum Company Limited (NNPC) on Wednesday announced that it remitted a cumulative N4.858 trillion to the Federation Account as of the end of May 2026, representing a sharp 30.8 per...

Refinery MoUs Trigger Backlash As Experts Fault NNPC Over Chinese Firms Credentials

NewsDeskNgMay 8, 2026May 8, 20260

Oil sector stakeholders raise alarm over refinery deals, warning Nigeria risks repeating costly failures and unresolved contract disputes. Fresh concerns have continued to trail the recent Memoranda of Understanding (MoUs) signed by the Nigerian National Petroleum Company Limited (NNPC) with two Chinese firms for the rehabilitation and operation of the...

NNPC: Nigeria Regaining Global Energy Edge Amid Supply Disruptions

NewsDeskNgMar 25, 2026March 25, 20260

NNPC says Nigeria is strengthening its position as a reliable energy supplier, projecting increased oil output despite global supply shocks. At a time of global energy supply shock occasioned by ongoing US-Israel war on Iran, Nigeria is regaining its footing as a reliable global energy supplier, Nigerian National Petroleum Company...

NNPC Reduces Fuel Costs To N1,130/Litre In Lagos, N1,165/Litre In Abuja

NewsDeskNgMar 12, 2026March 12, 20260

NNPC has cut petrol prices to N1,130 per litre in Lagos and N1,165 per litre in Abuja The Nigerian National Petroleum Company (NNPC) Limited has announced a reduction in petrol prices at its retail outlets, bringing the cost down to N1,130 per litre in Lagos and N1,165 per litre in...

FAAC Reconciliation: NNPC, Consultants Clash Over $42.3bn Oil Revenue Allegedly Owed To Federation

NewsDeskNgMar 9, 2026March 9, 20260

Dispute stalls reconciliation of oil remittances as Senate of Nigeria probes separate N210 trillion discrepancies in NNPC’s audited accounts nationwide. Nigeria’s long-running effort to reconcile oil revenues due to the Federation Account has hit another obstacle after Nigerian National Petroleum Company Limited (NNPC Ltd) and Periscope, the consultants engaged by...

NNPC Set To Begin Export Of New Crude Grade In March

NewsDeskNgFeb 24, 2026February 24, 20260

NNPC plans to export new Cawthorne crude in March, boosting Nigeria’s output recovery and market competitiveness. Nigeria’s state oil firm, Nigerian National Petroleum Company (NNPC), is set to begin exporting a new light, sweet crude grade known as Cawthorne from March, in a move aimed at strengthening output and consolidating...

NNPC discovers oil in Nasarawa

NewsDeskNgJan 14, 2023January 14, 20230

The Nigerian National Petroleum Company Limited on Friday announced the discovery of oil in Nasarawa State and said it was set to drill the first foot of an oil well in the Northern state. It said the discovery was in continuation of its oil exploration activities in the country’s inland...

Fuel supply: Stop sabotaging Nigerians, threatening NNPCL, group warns DAPPMAN, others

NewsDeskNgJan 5, 2023January 5, 20230

…Urges IPMAN, PTD, NUPENG to prepare for subsidy removal A citizens-led anti-sabotage group on the aegis of The Natives has cautioned Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and other stakeholders in the oil sector to stop threatening the Nigerian National Petroleum Company (NNPC) Limited in its efforts...