NNPC, Dangote Sign Fresh Two-Year Crude Supply Deal in Naira
The Nigerian National Petroleum Company Limited (NNPC) has signed a new two-year crude supply agreement with the Dangote Petroleum Refinery, extending the partnership until 2027. The deal, concluded in August, secures a steady flow of crude oil to the…
Petrol Price Hits ₦945 in Abuja, ₦915 in Lagos as NNPC and Private Outlets Raise Rates Amid Global Oil Tensions
Retail outlets operated by the Nigerian National Petroleum Company Limited (NNPC) have raised the pump price of Premium Motor Spirit (petrol) to ₦945 per litre in Abuja as of Monday. In Lagos, the new price stands at ₦915 per litre across several NNPC…
IPMAN, PETROAN Fault NNPC as Port Harcourt Refinery Shuts Down After Months of Inactivity
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has claimed that the Nigerian National Petroleum Company Limited (NNPC Ltd) shut down the Port Harcourt Refining Company merely to avoid embarrassment. According to IPMAN, the facility…
Tinubu Reshuffles NNPC Leadership, Appoints Ojulari as New CEO
President Bola Tinubu has executed a significant restructuring of the Nigerian National Petroleum Company Limited (NNPCL) board, resulting in the removal of both the chairman, Pius Akinyelure, and the Group Chief Executive Officer, Mele Kyari. In a move…
NNPC Ends Naira-for-Crude Deal, Fuel Prices May Rise
The Nigeria National Petroleum Company (NNPC) Limited has ended the naira-for-crude deal with Dangote Petroleum Refinery and other local refineries. This move could lead to an increase in petrol prices, as local refineries—including Dangote—will now have…
NNPC Confirms Personnel Aboard Helicopter Crash Near Bonny
The Nigerian National Petroleum Company (NNPC) Limited has confirmed that some of its employees were aboard the helicopter that crashed on Thursday morning. Reports indicate that the Sikorsky SK76, registered as 5NBQG, was operated by East Wind Aviation.…
Fuel Smugglers Rake in ₦17m Per Truck — Mele Kyari
Mele Kyari, CEO of Nigerian National Petroleum Company Limited, revealed that petrol smugglers exploited subsidy loopholes, making ₦17 million per 6,000-liter truck in neighboring countries. Briefing journalists in Abuja, Kyari attributed cross-border…
BREAKING: Fuel Price Soars to N1,030/Litre as NNPC Ends Exclusive Deal with Dangote Refinery
Fuel prices in Nigeria have surged to N1,030 per liter at NNPC outlets in Abuja, sparking widespread concern among motorists and commuters. This development follows the Nigerian National Petroleum Company Limited’s (NNPC) decision to terminate its…
Dangote Refinery Now Open to All Marketers as NNPC Withdraws from Exclusive Agreement
The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, allowing other marketers to buy petrol directly from the refinery, reports PREMIUM TIMES. This development marks a significant shift…
NNPC to Supply Crude Oil to Dangote Refinery in Naira Starting October 1
The Nigerian National Petroleum Company Limited (NNPC) will begin supplying crude oil to the Dangote Petroleum Refinery in local currency starting October 1, 2024, confirmed the Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency.…