NNPCL Slashes Petrol Price to N899 Per Litre
In a move to ease the financial burden on Nigerians, the Nigerian National Petroleum Company Limited (NNPCL) has slashed the price of Premium Motor Spirit (PMS), commonly known as petrol, to N899 per litre. This reduction comes after the price was previously set at N1,020 per litre. The Petroleum Products Retail Outlets Owners Association of […]
Dangote Refinery Slams NNPCL For Claiming It Gave The Company $1bn Loan
Dangote Refinery, owned by the Dangote Group, has rejected claims by the Nigerian National Petroleum Company Limited (NNPCL) that it received a $1 billion loan from the state-owned oil firm. The refinery’s spokesperson, Anthony Chijiena, referred to the claim as misinformation. The issue arose when NNPCL’s spokesperson, Olufemi Soneye, stated that NNPCL secured a crude-backed […]
NNPCL Supported Dangote Refinery Establishment With $1 Billion Loan – Official
The Nigerian National Petroleum Company Limited (NNPCL) has announced securing a $1 billion loan, backed by crude oil, to support the Dangote Petroleum Refinery. This move aims to address liquidity challenges and ensure the 650,000 barrels-per-day refinery becomes fully operational. Speaking at the Energy Relations Stakeholders Engagement in Abuja, Mr. Olufemi Soneye, NNPCL’s Chief Corporate […]
Labour Leaders Verify that Port Harcourt Refinery Is Up and Running
The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) leaders have officially confirmed that the Port Harcourt refinery is now fully operational. This confirmation follows a recent inspection tour of the facility by union representatives. During their visit, the Executive Vice President Downstream of the Nigerian National Petroleum Corporation Limited (NNPCL) informed the […]
Port Harcourt Refinery Accused of Distributing Old Stock Instead of Fresh Products
The Port Harcourt Refinery, which recently reopened after years of inactivity, has faced backlash over claims that it is not producing fresh petroleum products. Instead, it is allegedly using old stock stored in its tanks for over three years. Timothy Mgbere, Secretary of the Alesa community stakeholders in Rivers State, made this statement during an […]
NNPCL Confirms No Plans to Replace Mele Kyari as GMD
The Nigerian National Petroleum Company Limited (NNPCL) has strongly rejected rumors claiming that its Group Chief Executive Officer (GCEO), Mele Kyari, is planning to step down. This follows reports from The Africa Report, which suggested that Kyari might leave before the end of the year. According to the report, anonymous sources had said that Kyari […]
Dangote Refinery to Withdraw Lawsuit Against NNPCL and Other Companies
Dangote Refinery has decided to withdraw its court case against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies involved in the importation of petroleum products. This clarification comes after some confusion about the ongoing legal situation. The lawsuit also names Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 […]
NNPCL CEO Mele Kyari Talks About the Loss of His 25-Year-Old Daughter, Saying She Departed at Her ‘Appointed Time
Mele Kyari, the Group Chief Executive Officer of NNPCL, is grieving the loss of his daughter, Fatima, who passed away last Friday at the age of 25. In a heartfelt message shared on his social media account on October 15, Kyari expressed his deep sorrow over her passing. He described Fatima as having departed the […]
Peter Obi Urges Tinubu to Revert Sudden Fuel Price Increase by NNPC
Peter Obi, the 2023 presidential candidate for the Labour Party, has publicly urged President Bola Tinubu to reverse the recent fuel price hike imposed by the Nigerian National Petroleum Company Limited (NNPCL). In a statement released on social media platform X, Obi labeled the sudden increase in fuel prices as insensitive and unfortunate, emphasizing that […]
Femi Falana Calls Out NNPCL for Illegal Petrol Price Fixing, Citing Violation of Petroleum Industry Act
In recent developments, prominent human rights lawyer, Femi Falana, has publicly criticized the Nigeria National Petroleum Company Limited (NNPCL) for fixing petrol prices, which he says is a violation of the Petroleum Industry Act (PIA). Falana’s critique has sparked significant debate, particularly given the rising fuel prices that have unsettled Nigerians in recent months. At […]