NNPC Cuts Petrol Price By N100 In Lagos, N95 In Abuja
The Nigerian National Petroleum Company Limited (NNPC) has lowered petrol prices at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja. This reflects a N100 drop in Lagos and N95 in Abuja from previous rates. Several NNPC stations in Lagos, including Isheri Oshun Road, Apple Junction, and Ago Palace […]
NNPCL reveals reason behind N5.4trn profit after tax
The Nigerian National Petroleum Company Limited (NNPCL) has revealed the reason behind its huge profit of N5.4 trillion after tax. The company said strong sales, efficient operations, and better management of resources contributed to the impressive earnings. Officials highlighted that strategic investments in upstream and downstream activities also helped boost revenue. NNPCL’s leadership explained that […]
Nigeria Pledges stable investment climate for oil sector
The Nigerian government has reaffirmed its commitment to providing a stable and conducive environment for investment in the country’s oil and gas sector. Officials emphasized that regulatory reforms and policy measures are being strengthened to attract both domestic and international investors. Speaking on the matter, authorities highlighted that Nigeria aims to ensure transparency, predictability, and […]
NUPRC announces date for fresh oil bloc licensing auction in Nigeria
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the date for a fresh licensing auction of oil blocs in Nigeria. The auction aims to attract investors and boost exploration and production activities across the country’s petroleum sector. According to NUPRC, the new auction date has been set following adjustments to ensure transparency and fairness […]
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Nigerian government is considering reducing its crude oil supply to Dangote Petroleum Refinery. The refinery currently receives 300,000 barrels per day, but this may be lowered unless Nigeria’s oil output increases. This decision is part of the government’s efforts to adjust its naira-for-crude initiative, especially after the recent reopening of the Warri and Port […]
Port Harcourt Refinery Suspends Operations Again Shortly After Restart, Loading Bay Left Empty
The Port Harcourt Refinery, which recently resumed operations, has once again come to a halt. This latest pause, just days after the excitement of its reopening, has left many Nigerians questioning the refinery’s future. On Friday, a visit to the refinery showed that there was no activity on-site, with workers explaining that the refinery was […]