NNPCL Delivers 30 Million Barrels of Crude Oil to Dangote Refinery, Plans to Supply More
The Nigerian National Petroleum Company Limited (NNPCL) has provided 30 million barrels of crude oil to the Dangote refinery so far. Adedapo Segun, NNPCL’s Executive Vice President of Downstream, shared this news during an interview on Arise Television. He mentioned that the company plans to supply an additional 17 million barrels to the refinery in […]
House of Reps Minority Caucus Opposes Fuel Price Hike, Demands Reversal
The Minority Caucus of Nigeria’s House of Representatives has taken a firm stance against the recent increase in fuel prices announced by the Nigerian National Petroleum Company Limited (NNPCL). This move has been strongly criticized by the caucus, which is calling on the Federal Government to immediately reverse the price hike. According to the caucus, […]
Breaking News: Dangote Refinery Begins Petrol Production; Availability in 48 Hours Pending NNPCL Approval (Video)
Aliko Dangote, the President of Dangote Group, has shared that petrol from his new Lagos-based refinery could be on the market within 48 hours, depending on the Nigerian National Petroleum Company Limited (NNPCL). In an interview with Channels Television, Dangote explained that his $20 billion refinery, which has a daily capacity of 650,000 barrels, is […]
Nigerians Struggle as Petrol Prices Soar Above N1,000 per Litre
Nigerians are feeling the pinch as petrol prices soar above N1,000 per litre in many areas across the country. This sharp increase in fuel prices has caused widespread concern among citizens. In response to the crisis, Dangote Refinery has started producing Premium Motor Spirit (PMS). The Lagos-based refinery, which can handle 650,000 barrels of oil […]
Petrol Price: New Crisis Expected as NNPCL Faces Financial Issues
The price of petrol in Nigeria might soon go up as the Nigerian National Petroleum Company Limited (NNPCL) grapples with financial challenges. On Sunday, NNPCL spokesperson, Olufemi Soneye, confirmed that the company is feeling the strain of high fuel supply costs. This situation has put a lot of pressure on the company, threatening its ability […]
Port Harcourt Refinery Set to Kick Off Soon, Say Oil Marketers
Nigeria’s fuel supply challenges might soon be a thing of the past as oil marketers express optimism that the Port Harcourt Refinery will begin commercial production in the coming weeks. This development could be a game-changer for the country, which has long struggled with fuel shortages and the associated economic impacts. Billy Gillis-Harry, the national […]
NNPCL Asks Federal Government for ₦4.7 Trillion Refund on Petrol Imports
The Nigerian National Petroleum Company Limited (NNPCL) has reached out to the Federal Government for a refund amounting to ₦4.7 trillion. This huge sum is needed to cover the extra expenses the company faced while importing Premium Motor Spirit (PMS), commonly known as petrol, into Nigeria. These imports took place between August 2023 and June […]
House of Representatives Threatens NNPCL Boss Over Dangote Refinery Dispute
The House of Representatives has warned that they will push for the removal of the Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, if the supposed attempts to harm the Dangote Refinery don’t cease immediately. Philip Agbese, the deputy spokesperson of the House, expressed these concerns during a press briefing […]
NNPCL Seeks $2 Billion Loan Amid Fuel Shortage Concerns
Nigerian National Petroleum Company Limited (NNPCL) is in the process of arranging a new $2 billion loan backed by oil, aiming to alleviate the current fuel shortages plaguing the country. This initiative, reported by Reuters recently, indicates NNPCL’s intent to finalize the loan agreement within the next two months. Mele Kyari, the Group Chief Executive […]