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Aliko Dangote has reportedly rejected an offer from the Nigerian National Petroleum Company (NNPC) to increase its stake in his refinery. Dangote confirmed his decision regarding the proposed equity increase.
Punch-NG released its afternoon news recap, covering top stories including Borno's defense of reintegrating repentant terrorists, Nigeria ranking third globally for students abroad, and NNPC remitting N322bn.
Nigeria is facing concerns over aviation fuel shortages, while the government has approved strategic public-private partnership infrastructure projects and mandated drug tests for secondary school students. Separately, the NDLEA has uncovered a drug stash house and made arrests in drug trafficking cases.
Reports indicate that communities have been left stranded after terrorists destroyed police stations, highlighting ongoing security challenges in the region.
A coroner has suspended the inquest into the death of Nigerian author Chimamanda Adichie's son, amid allegations of interference by the Lagos Attorney General. The court halted proceedings as the Attorney General denied any involvement.
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding with Chinese firms to facilitate the revival of the Warri and Port Harcourt refineries.
The Nigerian National Petroleum Company (NNPC) has successfully completed the critical River Niger crossing for the OB3 gas pipeline project, a milestone expected to unlock 2 billion scf/day of gas and significantly boost Nigeria’s power, industry, and economic growth.
The NNPC Limited has reiterated its dedication to improving lives across Nigeria, measuring its success by positive impact on people rather than just oil production.
Nigerian aviation ground handlers are threatening to suspend operations due to an outstanding N9 billion debt owed by airlines, potentially disrupting air travel. This development comes amidst other domestic news, including a setback in the trial of former central bank governor Emefiele and an army rescue of a kidnapped victim.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted reports claiming it is selling scrap materials, equipment, or components from its refineries.
An opinion piece by Dan D Kunle discusses the role of NNPC Ltd and expresses optimism about the possibilities for a better future in Nigeria, despite national setbacks.
The Nigerian Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a deadline of April 29 to provide explanations for N210 trillion in audit queries. The demand comes as the Senate seeks accountability for the significant financial discrepancies.
The Nigerian Army has justified a precision airstrike in Jilli village, Borno State, claiming it targeted a terrorist hub, despite reports of civilian deaths. Survivors have since recounted their ordeal, stating they were legitimate animal traders at Jilli market when the attack occurred, while Amnesty International condemned the incident.
The Nigerian National Petroleum Company (NNPC) is promoting the adoption of artificial intelligence and digital mining technologies to significantly cut production costs and achieve its target of 3 million barrels per day.
Nigeria's oil production has surged to 1.84 million barrels per day (mbpd) from a previous low of 960,000 barrels per day (kbpd), according to NNPCL, attributing the increase to improved pipeline security measures.
NNPC Limited had planned to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026; however, officials at Dangote Refinery are disputing these reports, stating their actual allocation from NNPC is lower.
The Nigerian National Petroleum Company (NNPC) is increasing its allocation of crude cargoes to the Dangote oil refinery for May, providing seven cargoes compared to five in previous months, amidst rising fuel prices.
SERAP has called on the Nigerian Senate to ensure full transparency in its investigation into an alleged missing ₦200 trillion from the NNPCL, demanding public access to all findings.
Nigeria's Economic and Financial Crimes Commission (EFCC) has returned N3.94 billion in recovered funds to the Nigerian National Petroleum Company Limited (NNPCL), marking a successful anti-corruption effort.
The University of Ilorin (UNILORIN) and NNPCL have partnered to establish a Centre of Excellence for energy research, the first of its kind in West Africa, and a new Professorial Chair.
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja. The post NNPC reduces…
Youths from Ogoni and the South-South region are protesting in Port Harcourt against the Nigerian National Petroleum Company Limited's (NNPCL) alleged failure to fund the Federal University of Environment and Technology in Saakpenwa.
A House of Representatives committee chairman reported that the probe into the $18bn NNPC refinery project is facing delays due to the company's alleged lack of cooperation.
Nigeria’s Senate summons ex-NNPC chief Mele Kyari to answer for N210tn in unresolved NNPC audit queries covering 2017 to 2023. Get the details here. Read More: https://punchng.com/senate-summons-ex-nnpc-boss-kyari-over-n210tn-audit-queries/
The Nigerian Senate has summoned former NNPCL CEO Mele Kyari and other ex-bosses to account for an alleged N210 trillion expenditure, demanding answers for unaccounted funds.
Less than 24 hours after Dangote Petroleum Refinery & Petrochemicals raised the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N100 per litre, its partner retail outlet, MRS Oil Nigeria Plc, and NNPC Limited have increased their pump prices by a similar margin. The post Dangote’s partner station MRS, NNPC raise petrol price by N100/litre appeared first on Vanguard News.
The Nigerian National Petroleum Company Limited (NNPCL) has pledged support for a Mini-LNG and LCNG project being developed by Portland Gas Limited in Gwagwalada, Abuja, and will supply gas to the facility.
The Abuja Electricity Distribution Company (AEDC) announced plans for a bilateral power supply agreement with NNPC Limited to enhance electricity supply in Nigeria's Federal Capital Territory.
A US court has sentenced Mr. Okoronkwo, a former General Manager of the Upstream Division of the NNPC, to 87 months in prison over a $2.1 million oil bribery scandal.
Read today’s Nigeria news recap. Top stories include Tinubu’s oil order affecting NNPC, PDP challenging FCT poll results, and new jail terms for INEC offic Read More: https://punchng.com/morning-recap-tinubu-oil-order-rattles-nnpc-pdp-heads-to-court-over-fct-poll-inec-officials-risk-jail-and-other-top-stories/
Nigeria's NNPC and NIPetGE are advocating for increased adoption of artificial intelligence and digital technology within the energy sector to enhance efficiency and sustainability in the country's oil and gas industry.
Women from the Alesa community staged a nude protest at the Port Harcourt refinery, demanding inclusion in negotiations regarding an MoU between NNPCL and a Chinese firm.
Despite billions spent, Nigeria’s state-owned NNPC refineries continue to be a national burden, prompting an analysis into the persistent issues and the case for privatization.
Former Vice President Atiku Abubakar has called for the immediate suspension of the NNPC refinery deal with Chinese firms, labeling it a dangerous gamble and questioning the firms' competence.
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) for the restart and expansion of the Warri and Port Harcourt refineries. This agreement aims to boost Nigeria's refining capacity.
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding with Chinese firms to facilitate the restart and expansion of the Warri and Port Harcourt refineries. This agreement aims to revive and improve the operational capacity of these key facilities.
Nigeria's NNPCL has increased crude oil prices across various grades, sparking fears of an oil glut in the market.
NNPC Ltd is positioned as a crucial entity in determining the future trajectory and economic landscape of Nigeria.
Nigeria's NNPC has reported its crude oil production surged to a five-year peak of 1.71 million barrels per day, indicating significant progress in the nation's oil and gas infrastructure development.
NNPC Limited has issued an urgent warning to the public about scammers falsely claiming to sell refinery scrap materials and advises disregarding such solicitations.
The Central Bank of Nigeria (CBN) has issued multiple alerts warning the public about a surge in fake emails, online scams, and fraudulent messages targeting bank accounts.
The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited (NNPCL) to account for N210 trillion and has summoned its CEO, Mele Kyari, to appear before a committee.
Nigeria’s national oil company, NNPC, reported a N136 billion profit after tax in February 2026, driven by strong gas output and revenue despite a decline in oil production.
Recent reforms in Nigeria's oil sector are boosting production and have unlocked over $24 billion in investments, as the NNPC aims for a target of 3 million barrels per day using AI and digital technology.
Nigeria's NNPC Limited has begun exporting a new crude grade, Cawthorne blend, with its first cargo shipped to the Netherlands, aiming to boost production and expand its crude portfolio.
The Nigerian Federal Government, First Lady, NGF, Dangote Group, NNPC, and the Emeka Foundation have collectively donated ₦65 billion to the Community Food Bank Trust Fund.
A Federal High Court in Abuja has issued a final forfeiture order for three properties and N3.4 billion in cash, all linked to alleged fraud at the Nigerian National Petroleum Company Limited (NNPCL).
Nigeria's CBN reports Dangote refinery imported $3.74bn crude in 2025, reshaping the country’s oil trade. Concurrently, NNPC is boosting crude oil supply to the refinery to stabilize fuel availability amid global price surges.
SERAP asks President Tinubu to probe the alleged ₦5.9bn NNPC rebranding cost, urging anti-graft agencies to investigate the expenditure for accountability. Read More:…
Chevron Nigeria Limited, with partners like NNPC and NDDC, reaffirms its commitment to socio-economic growth and Niger Delta development. Read More: https://punchng.com/chevron-reaffirms-commitment-to-niger-delta-development/
The Northern Youth Progressive Forum, NYPF, has challenged the claim by the Senate Public Accounts Committee that about ₦210 trillion in the accounts of the Nigerian National Petroleum Company Limited, NNPCL, was unaccounted for, urging a technical review of the figures. Chairman of the Senate Public Accounts Committee, Senator Ahmed Wadada, had raised concerns over […] The post Group faults Senate committee’s ₦210tr NNPCL claim— Demands technical review appeared first on Vanguard News.
The NORTH WEST GUILD OF EDITORS (NWGOE), a coalition of professionals and stakeholders committed to transparency and the defense of public institutional integrity, hereby issues a formal rejoinder…
By Kingsley Adegbite In Nigeria’s already fragile information environment, numbers have enormous power. When a public official declares that N210 trillion has gone missing, the figure is large enough to shock citizens, dominate headlines and inflame public anger. That is precisely why such claims must be handled with care and responsibility. Unfortunately, Senator Ahmed Wadada’s allegation […] The post N210tn Mirage: How Wadada’s claim on NNPCL collapses under simple arithmetic appeared firs...
The Nigerian Senate Public Accounts Committee has summoned Kyari and former NNPC officials to address alleged discrepancies totaling N210 trillion in the company's audited financial statements from 2017 to 2023.
The Nigerian Senate Committee on Public Accounts has summoned the immediate past Group Chief Executive Officer of NNPCL, Mele Kyari, and others to account for N210 trillion, threatening arrest if they fail to appear.
The House of Representatives affirms that NNPC’s 7.25% equity stake in the Dangote Refinery is vital for securing Nigeria’s national interest. Read More: https://punchng.com/nnpcs-stake-in-dangote-refinery-secures-national-interest-reps/
A former NNPC official, Paulinus Okoronkwo, has been jailed for 87 months in the US after being convicted of accepting a $2.1 million bribe. Read More:…
By Progress Godfrey ABUJA — The Federal Government, NNPC Limited (NNPCL), the Nigerian Economic Summit Group (NESG), and key investment partners have officially backed Portland Gas Limited’s proposed Mini-LNG and LCNG facility in Gwagwalada, Abuja, highlighting the project as a cornerstone of Nigeria’s gas-driven industrial growth and energy security strategy. The endorsement came during a […] The post FG, NNPCL, NESG endorse Portland Gas Mini-LNG and LCNG project in Gwagwalada appeared first...
A former General Manager of the Nigerian National Petroleum Corporation (NNPC) has been sentenced to 87 months in a US prison for a $2.1 million bribery scandal.
PENGASSAN urges the Nigerian government to sell a 51% stake in NNPCL refineries, adopting the NLNG model to improve efficiency and profitability. Read More: https://punchng.com/sell-51-stake-in-nnpcl-refineries-pengassan-urges-fg/
Over 100 people have reportedly died following a military airstrike in Nigeria. This incident is a significant development amidst other national news, including government plans for housing and education, and political discussions.
The Nigeria Employers' Consultative Association (NECA) has raised serious concerns regarding a Memorandum of Understanding signed between NNPCL and Chinese firms for refinery rehabilitation, amidst an ongoing $25 billion controversy.
Growing outrage surrounds a Memorandum of Understanding signed between NNPC Limited and two Chinese firms for the rehabilitation of the Port Harcourt and Warri refineries in Nigeria.
A partnership between the Nigerian National Petroleum Corporation (NNPC) and China concerning refineries is expected to boost energy security. However, the NUPENG union is demanding concrete results from the collaboration.
The Nigerian National Petroleum Company (NNPC) announced a profit of N276 billion for March. This achievement came despite pipeline disruptions, with the company also noting a one-year high in gas output.
Alhaji Umaru Ajiya, former Chief Finance Officer of NNPCL, has officially announced his bid for the Sokoto East Senatorial District seat under the All Progressives Congress, vowing to address insecurity and promote equitable development.
An analysis delves into the future of the music industry in the era of artificial intelligence, examining how AI technologies are shaping its evolution.
Nigeria's NNPC has significantly increased oil prices for its crude grades, including Bonny Light, by $7 per barrel, attributing the hike to the ongoing US-Iran war.
The NNPC has denied claims of selling refinery scrap materials and equipment, cautioning the public about fraudulent individuals impersonating its agents.
Nigeria's NNPC and Algeria's Sonatrach have signed a Memorandum of Understanding to establish a formal framework for joint research, development, and technology exchange within the oil and gas sector.
NNPC crude supply to the Dangote refinery topped 1 million metric tonnes in April, with eight major shipments bolstering Nigeria’s domestic refining capacity.
The FCT High Court in Nigeria has ruled in favor of the Federal Government, NNPCL, and Tantita, supporting the renewal of a crucial pipeline surveillance contract.
The Nigerian National Petroleum Company (NNPC) reported a 64.67 percent drop in profit after tax to N136 billion in February, down from N385 billion the previous month, despite revenue hitting N2.68 trillion.
The Nigerian National Petroleum Company Limited (NNPCL) has emphasized the critical role of pipeline security in boosting oil production growth and attracting investor confidence in the country's oil sector.
The Nigerian Federal Government, state governors, and major corporations including Dangote and NNPCL have committed N65 billion to establish a national food bank.
Nigeria's NNPC has announced plans to increase crude oil allocation to the Dangote Refinery to seven cargoes in May 2026, up from the current five. This move is intended to support the refinery's operational capacity.
NNPC’s GCEO has stated that Nigeria is a prime destination for energy investment, emphasizing a shift from promises to disciplined execution to attract global capital.
Receiving the funds on behalf of NNPC Ltd, Executive Vice President, Downstream, Mumuni Dagazau, praised the EFCC for its role in the recovery. The post EFCC returns N3.9bn stolen funds to NNPC appeared first on Premium Times Nigeria.
The Socio-Economic Rights and Accountability Project (SERAP) has called on Nigerian President Bola Tinubu to investigate the alleged N5.9 billion spent on rebranding the Nigerian National Petroleum Corporation (NNPC) to NNPCL.
A professional forum has refuted allegations of N210 trillion in missing funds from NNPC accounts, labeling the claim as a 'mathematical impossibility' and politically motivated.
NNPC reports a N385bn profit for Jan 2026, driven by a rise in oil output to 1.64m bpd. Read the latest operational updates on production and revenue. Read More: https://punchng.com/nnpc-posts-n385bn-profit-as-oil-output-rises/
By Dele Sobowale “Wisdom in people consists of the anticipation of consequences” – Norman Cousins, 1915-1990, Vanguard Book Of Quotations, P274 “The road to hell is paved with good intentions” Until a few days ago, it would never have crossed my that I could be defending the Nigerian National Petroleum Company Limited, NNPCL, established to foster economic […] The post Executive Order 9 will be counterproductive – 1 appeared first on Vanguard News.
The ₦210 trillion discrepancy claim does not align with Nigeria’s fiscal realities, the governance structure of NNPC or the financial mechanics of joint venture accounting. What initially appears as a monumental financial scandal quickly dissolves into a phantom figure, one that sits more comfortably in political rhetoric than in verifiable financial records. Nigeria deserves serious […] The post N210trn mirage: How Wadada’s claim on NNPCL collapses under simple arithmetic, By Kingsley Ade Ad...
The Nigerian Senate has issued summons for former heads of the Nigerian National Petroleum Company Limited (NNPCL) to account for an alleged N210 trillion.
NNPC leads in fuel price increase amid fear of scarcity in Nigeria The Guardian Nigeria News
NNPC woos investors for the Ajaokuta–Gwagwalada segment of the AKK gas pipeline, set for completion by July 2026 to boost gas supply and economic growth. Read More: https://punchng.com/nnpc-woos-investors-as-ajaokuta-gwagwalada-gas-segment-eyes-july-completion/
An article explores deep-rooted corruption within the Nigerian National Petroleum Corporation (NNPC), analogizing it as a 'Nigerian National Plundering Corporation,' and highlights the monumental failure of its oil refineries.
President Bola Tinubu has issued an executive order stopping the Nigerian National Petroleum Company Limited from deducting management fees and the Frontier Exploration Fund, effectively halting revenue streams worth about N2.076tn.
The Minister says new directives on revenue remittances are aimed at strengthening transparency and domestic resource mobilisation, as a forensic audit of NNPC proceeds under FAAC mandate. The post Edun explains revenue remittance directive, says NNPC forensic audit ongoing appeared first on Premium Times Nigeria.
NNPC Limited will no longer collect and manage the 30 per cent Frontier Exploration Fund. The post Tinubu signs Executive Order that slashes NNPC’s revenue, directs remittance to Federation Account appeared first on Premium Times Nigeria.