Senate Panel Summons Mele Kyari, Ex-NNPCL Officials Over ₦210Trn Discrepancies
Nigeria’s Senate Committee on Public Accounts has summoned former Mele Kyari and members of his management team over alleged financial discrepancies totaling ₦210 trillion. The investigation focuses on issues discovered in the audited financial records of Nigerian National Petroleum Company Limited between 2017 and 2023. The committee chairman, Ahmed Wadada, said the summons followed what […]
Pipeline surveillance contract no longer sustainable – Niger Delta activist
A Niger Delta environmental activist, Comrade Alex Ekerebenah, has said the current pipeline surveillance contract handled by Tantita is no longer sustainable and does not serve the broader interests of the region. He made the remarks while responding to comments by another activist, Preye Tambou, who had warned against opposition to the renewal of the […]
NNPCL increases petrol price in Lagos, Abuja
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol in Lagos and Abuja. Motorists in Lagos will now buy petrol at ₦835 per litre, while the price in Abuja has risen to ₦839 per litre. The new rates took effect across NNPCL retail outlets on Wednesday. The price adjustment comes […]
Sell Port Harcourt, three other NNPCL refineries in 2026 – PETROAN to Nigerian Govt
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has advised the Federal Government to sell the Port Harcourt refinery along with three other refineries operated by the Nigerian National Petroleum Company Limited (NNPCL) in 2026. The group believes that private sector control will improve efficiency and reduce the burden on government resources. PETROAN […]
TotalEnergies sells stake in Nigerian licences to Chevron
TotalEnergies has completed the sale of its stake in several Nigerian oil licences to Chevron, marking another shift in ownership within the country’s energy sector. The deal is part of the company’s ongoing strategy to streamline its portfolio and focus on assets it considers more profitable globally. Industry observers say the move reflects a growing […]
EFCC declares Timipre Sylva wanted
The Economic and Financial Crimes Commission (EFCC) has declared Timipre Sylva, former Minister of Petroleum Resources and ex-Governor of Bayelsa State, wanted by authorities. Sylva is wanted in connection with alleged conspiracy and dishonest conversion of $14,859,257, funds injected by the Nigerian Content Development and Monitoring Board (NCDMB) into Atlantic International Refinery and Petrochemical Limited […]
NUPRC seeks finance, investment from Bank of America to increase oil production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has appealed to the Bank of America to increase funding support for Nigeria’s oil and gas sector. According to the agency, more financial investment is needed to grow crude oil production in the country. This appeal was made by the Commission’s Chief Executive, Gbenga Komolafe, during a courtesy […]
Why court froze ex-NNPCL boss Mele Kyari’s account with Nigerian bank — Judge
The court has frozen the bank accounts of Mele Kyari, former CEO of the Nigerian National Petroleum Company Limited (NNPCL), following a request by the Economic and Financial Crimes Commission (EFCC). Justice Emeka Nwite explained that the order was necessary to support an ongoing investigation. The decision has added new legal challenges for Kyari. On […]
NNPC declares N905bn profit for June
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that it sent N6.96 trillion to the Federation Account between January and May 2025. This information was shared in NNPC’s Monthly Report Summary for June, released on Monday. Although the company’s profit for June dropped compared to the previous month, it still recorded N905 billion […]
‘Cabals’ still fighting against our refinery — Dangote
The Chairman of Dangote Group, Alhaji Aliko Dangote, has revealed that certain powerful individuals in Nigeria’s oil and gas sector are still working against the success of his $20 billion refinery project. Despite these challenges, Dangote remains optimistic about overcoming them. He expressed his unwavering commitment to ensuring the refinery succeeds, stating that he is […]