The Nigerian National Petroleum Company (NNPC) Limited has announced landmark gas agreements expected to unlock more than US$20 billion in investments, while Nigeria’s crude oil production has climbed to 1.71 million barrels per day (mbpd), its highest level in five…
NNPC Limited Records Major Breakthrough with Successful River Niger Crossing on OB3 Gas Pipeline
The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network.…
Oil Output Drops to 1.51mbpd in February as NNPC Remits N1.804trn
Nigeria’s crude oil and condensate production declined to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a significant surge in statutory remittances, paying ₦1.804 trillion…
Capital Goes Where Value Is Clear: Bayo Ojulari’s Bold One-Year Transformation of NNPC
By: Kunle Odusola-Stevenson One year after his appointment on April 2, 2025, Bashir Bayo Ojulari has recast the trajectory of NNPC Limited with a blend of commercial discipline, institutional integrity, and global strategic clarity. At a time when energy…
Dangote–NNPC Strategic Alliance to Boost Nigeria’s Energy Security as Refinery Exceeds 661,000 Barrels Per Day
President/CE, Dangote Industries Limited, Aliko Dangote, showing the picture of one of the Single Point Moorings (SPM) to Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Engr. Bayo Ojulari, during the visit of NNPC leadership to Dangote Refinery…
Africa Requires Unified Infrastructure and Capital Strategy to Unlock It’s Energy Security – Ojulari
With more than 600 million Africans still without access to electricity and the continent facing an estimated $100 billion annual energy financing gap, the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has called for a structural…
NIES 2026: Nigeria to Leverage Gas to Power Africa’s Energy Future, Says Ojulari
Nigeria is laying out a bold strategy to harness its vast natural gas reserves as a cornerstone for Africa’s energy transformation, industrial growth, and economic stability, according to Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd at…
House summons Ojulari over NNPC’s 2021 Audit Report, gives December 15 Deadline
The house of representatives public account committee has summoned Bayo Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited. The committee issued the summons on Monday following Ojulari’s failure to appear before the panel.…
NNPC Limited Posts Record ₦5.4 Trillion Profit After Tax on ₦45.1 Trillion Revenue …Unveils $60 Billion Investment Roadmap to Drive Energy Security and Growth Through 2030
Seek Deepening Transparency and Public Understanding of NNPC’s Growth Trajectory Ojulari says stronger financial footing will power Nigeria’s shift to a gas-driven economy and higher crude production. NNPC Limited has announced a Profit After Tax (PAT) of ₦5.4 trillion…
NNPC Overhauls Investment Model: No More Pledging of Crude, Focus Shifts to Growth Capital
In a bold departure from legacy practices, NNPC has ended its oil-pledging finance model under the leadership of GMD Bashir Ojulari. The company is now inviting investors to partner on production growth and long-term value creation, with over $2 billion in proposals already under review.