NNPC - Nigeria News Source

NNPC, Sahara Group, Eroton unveil Nigeria’s first wholly owned FSO to boost oil output

October 8, 2025

NNPC, Sahara Group, Eroton unveil Nigeria’s first wholly owned FSO vessel to boost oil output

The NNPC Limited, Sahara Group, Eroton E&P, and Bilton Energy Ltd. have commissioned Nigeria’s first wholly owned 2.2 million-barrel capacity Floating Storage and Offloading (FSO) vessel, designed to drive...

May 21, 2025

Remembering Nitel and Nipost: A wake-up call for NNPC

I will forgive any millennial or Gen-Z who cannot make sense of a government parastatal called Nitel or its twin called Nipost. They were parastatals that emblematized Nigeria’s inefficiency...

Dangote Refinery slashes petrol price by N15, assures stable supply

March 20, 2025

Analysts weigh implications as Dangote Refinery halts naira sales of petroleum products

Dangote Refinery and Petrochemical Company Limited on Wednesday temporarily suspended the sales of petroleum products in naira, sparking fears of price hike and further depreciation of the local currency....

January 16, 2025

NNPCL says it remitted N10trn to federation account in 2024

The Nigerian National Petroleum Company Limited (NNPCL) said it remitted N10 trillion to the federation account as at September 2024, making it the highest taxpayer in the country and...

January 10, 2025

NNPCL and Nigeria’s missing billions

At independence in 1960, Nigeria stood tall and proud. As tall as the Iroko and just as towering. After many years of deleterious colonialism, Africa’s most populous economy and...

January 6, 2025

SERAP asks NNPC to account for missing N825bn, $2.5bn for refinery repairs

A non-governmental organisation, the Socio-Economic Rights and Accountability Project (SERAP), has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, to “account...

Nigeria’s inflation seen rising on higher petrol price

December 23, 2024

Relief on the way as petrol sells for N935/litre

The hopes that increased local refining will engender competition and drive down prices of Premium Motor Spirit (PMS), or petrol, may be manifesting as both the privately-owned Dangote Refinery...

December 20, 2024

Dangote example fuels calls for NNPC to revisit petrol price

The reduction in the ex-depot price of its Premium Motor Spirit (PMS), or petrol, by the Dangote Refinery is fuelling calls for the state-owned Nigerian National Petroleum Company Limited...

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