Oil and Gas
NNPC subsidiaries drown in ₦30.3tn debt, only 8 out of 32 are debt free
NNPC Limited, Africa’s largest state-owned oil firm, is facing an internal financial reckoning. According to its 2024 audited financial statements released on January...
Tinubu clears $1.42bn, ₦5.57tn NNPC debt
‎President Bola Ahmed Tinubu has approved the cancellation of a portion of the debts owed by the Nigerian National Petroleum Company Limited (NNPCL)...
ICPC vows to investigate NMDPRA CEO over Dangote’s $7M Petition
‎The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has officially vowed it will investigate the Chief Executive Officer of the Nigerian...
“Nigerians deserve answers on your N7.2 billion fee per year for your 4 kids” – Dangote to NMDPRA CEO
The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, has accused Farouk Ahmed, the Chief Executive Officer of the Nigerian Midstream and Downstream...
Stations to start selling fuel at N739/litre from Tuesday – Dangote
‎Aliko Dangote, Chairman of the Dangote Petroleum Refinery, announced on Sunday that filling stations purchasing refined Premium Motor Spirit (PMS), (petrol), from his...
NNPCL and marketers slash petrol rates to ₦910 per litre in Abuja
The Nigerian National Petroleum Company Limited (NNPCL) and several independent marketers have announced another reduction in the pump price of Premium Motor Spirit...
Dangote declares end to fuel scarcity in Nigeria
Aliko Dangote, President of the Dangote Group, has announced that his refinery is now ready to deliver 50 million litres of Premium Motor...
Auditor-General flags NNPCL over £14.3 million unaccounted spending in London
The Auditor-General of the Federation has accused the Nigerian National Petroleum Company Limited (NNPCL) of failing to account for £14.3 million, spent on...
