Oando Plc, one of Nigeria’s leading indigenous energy solutions companies on Wednesday announced the successful upsizing of its Reserve Based Lending (RBL2) facility to $375 million. This is coming on the heels of the announcement of a record 267 per…
Nigeria Seeks Global Partners for $25 Billion Undersea Gas Pipeline to Europe
Nigeria appears to be advancing with renewed determination on the ambitious $25 billion Nigeria-Morocco Gas Pipeline project, aimed at transporting natural gas from Nigeria to Europe through the West African coast. The country is now actively seeking strategic partners to…
NNPC Ltd Alerts Nigerians, Denounces Deepfake Video Endorsing Fake Investment Scheme
The Nigerian National Petroleum Company Limited (NNPC Ltd) has formally disclaimed a deceptive video circulating online which falsely claims the company is promoting a poverty alleviation and investment scheme. In a statement issued by its Chief Corporate Communications Officer, Olufemi…
President Tinubu Inaugurates New NNPC Board, Reiterates Confidence In Their Character
President Bola Ahmed Tinubu has officially inaugurated the 11-member Board and Management team of the Nigerian National Petroleum Company Limited (NNPCL), nearly two months after their appointment on April 2, 2025. The brief but symbolic ceremony took place at the…
Petroleum Industry Experts Demand Removal of NMDPRA’s Aminu Said Ahmed from New NNPC Board, Cite Non-Compliance with PIA Act
A number of petroleum industry experts have faulted the appointment of Aminu Said Ahmed of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) into the newly reconstituted Board of the Nigerian National Petroleum Corporation (NNPC) Ltd. They sounded the…
NNPCL Welcomes New GCEO, Appreciates Outgoing Leadership
The management and staff of NNPC Ltd. have welcomed the appointment of Mr. Bayo Ojulari as the new Group Chief Executive Officer (GCEO) and the newly constituted Board of Directors by President Bola Ahmed Tinubu. In a statement released earlier…
Kyari Out, Ojulari In, As President Tinubu Restructures NNPCL Board, Appoints New Chairman, Group CEO
…New board to boost crude refining to 200,000 barrels by 2027, 500,000 by 2030, with investments of $30B and $60B, respectively. Nigeria’s President Bola Tinubu has removed Mele Kolo Kyari as Group CEO of national oil company, NNPC Limited, and…
NNPC Reaffirms Effective Utilization of Host Community Funds for Sustainable Development in Niger Delta
NNPC Limited has reaffirmed its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilized to deliver meaningful development in host communities. This pledge was made during a stakeholder engagement session held with the KEFFESO…
NNPC Ltd, Ssonic Petroleum Sign Landmark Gas Supply Deal for Lekki LNG Plant
NNPC Gas Marketing Ltd (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd (NNPC Ltd), in partnership with NIPCO Gas Ltd, has signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd for the supply of natural…
NNPC Limited and Dangote Refinery: Discussions on New Naira Crude Contract Currently Ongoing
…Agreement was for six months and ends in March 2025 The NNPC limited have come out to clarify recent reports circulating on social media which suggested the company had unilaterally terminated its crude oil sales agreement with Dangote Refinery. According…