Fuel price nears N1,000 per litre in Nigeria as marketers, retailers trade blame
Fuel prices across Nigeria are nearing N1,000 per litre, sparking blame between petroleum marketers and retail fuel station owners. As Nigerians struggle with the rising cost of living, this increase in fuel prices is only adding more pressure. Earlier this week, it was reported that the Nigerian National Petroleum Company Limited (NNPCL) increased fuel prices […]
Don’t rush Nigerian refinery sales — Iledare warns, gives Tinubu, NNPCL best solution
Selling Nigeria’s refineries too quickly could create more problems than it solves — that’s the warning from Professor Wumi Iledare, a top petroleum economics expert. He’s asking President Bola Tinubu and the Nigerian National Petroleum Company Limited (NNPCL) to avoid rushing into any refinery sales. Instead, he believes they should use a smarter, more transparent […]
You have 10 days to account for missing ₦200 Trillion – Senate tells NNPCL boss
The Nigerian Senate has issued a final warning to the Nigerian National Petroleum Company Limited (NNPCL), giving it 10 working days to explain why ₦210 trillion is unaccounted for in its financial records. This decision came from the Senate Committee on Public Accounts during a meeting on Thursday. The committee is led by Senator Aliyu […]
Alleged $7.2bn fraud: EFCC arrests former NNPCL top official
The Economic and Financial Crimes Commission (EFCC) has arrested a former top finance officer of the Nigerian National Petroleum Company Limited (NNPCL), Umar Isa. He is being accused of helping to carry out a $7.2 billion fraud connected to fixing three Nigerian refineries — in Kaduna, Warri, and Port Harcourt. Also arrested was Jimoh Olasunkanmi, […]
BREAKING: NNPCL reduces fuel pump price
The Nigerian National Petroleum Company Limited (NNPCL) has lowered the price of petrol, also called premium motor spirit (PMS). This is good news for drivers across the country. A reporter from DAILY POST visited several NNPCL petrol stations in Abuja, including Kubwa Expressway, Central Business District, and Wuse Zone 4. The reporter found out that […]
NNPCL reduces fuel price to N910 per litre
The Nigerian National Petroleum Company Limited (NNPCL) has lowered the price of petrol at its stations. The new pump price is now N910 per litre, down from N935. This change was noticed at several NNPCL outlets in Abuja, including Kubwa Expressway, Zone 4, and Gudu. The N20 price drop has attracted many drivers to NNPCL […]
NNPCL sacks Port Harcourt, Warri, Kaduna MDs, others
The Nigerian National Petroleum Company Limited (NNPCL) has removed the managing directors in charge of the Port Harcourt, Warri, and Kaduna refineries. This decision came from the company’s new leadership team, including Group Chief Executive Officer Bayo Ojulari and Executive Non-Chairman Musa Ahmadu-Kida. Sources inside the company confirmed that the heads of these refineries, along […]
Lawyers storm Finance Ministry, demand probe of Mele Kyari’s $4bn refineries spending
A group of Nigerian lawyers has asked the Ministry of Finance to investigate Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL). They want a special judicial commission to look into how Kyari spent over $4 billion on repairing the country’s refineries. The lawyers, working under the name […]
Coalition advises NNPCL GCEO Ojulari not to inherit Kyari’s dollar-chasing reforms
The Energy Justice Forum (EJF), a group of energy rights activists, has advised the new CEO of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, to avoid continuing the policies of the former CEO, Mele Kyari. The group described Kyari’s time in office as full of “dollar-chasing reforms” that lacked transparency. In a statement […]
BREAKING: Tinubu sacks NNPCL CEO, Mele Kyari, appoints Bayo Ojulari
President Bola Tinubu has made major changes in the leadership of the Nigerian National Petroleum Company Limited (NNPCL). He removed the Group CEO, Mele Kyari, and dissolved the company’s board, including Chairman Pius Akinyelure. This announcement was made by Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy, in a statement on Wednesday. Tinubu used […]