…the immediate resignation of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, citing a pattern of financial opacity and weak accountability in how the nation's oil assets are managed.The Association of Energy Policy and Development Consultants (AEPDC) made the…

…per cent of the country’s Domestic Gas Delivery Obligation target, the Nigerian Upstream Petroleum Regulatory Commission has disclosed. The development highlights a persistent gap between gas allocated for domestic use and the actual volumes delivered to industries, power plants and other local consumers, prompting the…

The Nigerian National Petroleum Company (NNPC) Ltd has deployed more than 1,000 young professionals into its workforce, saying its recruitment process is based on merit rather than personal connections or place of origin. The Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, disclosed the development in a post s…

…from the Federal Ministry of Industry on a tour of the 700,000 barrels-per-day Dangote Petroleum Refinery, Dangote Petrochemicals complex and Dangote Fertiliser Limited in Lagos, according to a statement issued on Wednesday by the Dangote Group. Reflecting on the refinery project, Dangote described it as the biggest bu…

The Nigerian National Petroleum Company Limited (NNPC) and FIRST Exploration & Petroleum Development Company (FIRST E&P) Joint Venture (JV) for PML 53 and PML 54, in collaboration with the Nigerian Conservation Foundation (NCF), have officially begun the transplantation of 100,000 nursery-raised indigenous tree seedlin…

Dangote Petroleum Refinery formally submitted an IPO application to Nigeria's Securities and Exchange CommissionThe SEC director-general said the regulator sees no obstacles that should prevent the planned September listing from going aheadThe application comes days after the refinery closed a $2.5 billion private plac…

…identified simply as Ibrahim. The attackers also attempted to invade the residence of a petroleum dealer, Salisu Azaria, but fled after security personnel responded to the area. The source further disclosed that the bandits later proceeded to the Low-Cost area of the town, where they abducted a university lecturer, Dr.…

By Gift ChapiOdekina, Abuja The House of Representatives Committee on Petroleum Resources (Downstream) has begun efforts to resolve differences between petroleum importers and domestic refiners as part of measures to strengthen Nigeria’s downstream oil and gas sector. The committee on Tuesday held an interactive sessio…

…Festus Ahon, following the Delta Central APC Stakeholders' Strategic Meeting held at the Petroleum Training Institute Conference Centre, Effurun. Delta Governor Sheriff Oborevwori According to the statement, party leaders, stakeholders and members unanimously backed the candidates while also calling for unity and inten…

…subsidies by N1 trillion annually.” He said the elimination of subsidies on white petroleum products has improved economics for alternative power sources relative to self-generation (now 1,700 MW of solar panels imported into Nigeria annually, adding that recent reforms in oil and gas have resulted in $10 billion in FI…

…market over the past 13 months. An analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s latest petroleum supply statistics showed that between June 2025 and June 2026, there was no recorded import of aviation fuel by Oil Marketing Companies, making domestic refineries the exclusive source…

…a Nigerian national. The GECF is headquartered in Doha. Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, currently serves as Chairman of its ministerial meetings.

…and Accountability Project (SERAP) has initiated a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) for its failure to clarify and account for ₦211 trillion in oil revenue recorded in its 2023 audited financial statements under the categories of “Sundry Receivables” and “Accrued Expenses.” Accord…

Dangote Petroleum Refinery resumed diesel sales after an eight-day halt, but marketers will now pay more at the loading gantryThe new gantry price marks a ₦150 rise from the previous rate, driven by climbing international crude oil costsThe price change is expected to push up ex-depot diesel prices nationwide, hittin…

…petrol pump prices locally and reverse recent gains in inflation control. The Dangote Petroleum Refinery increased its ex-gantry petrol price from N1,075 per litre to N1,215 per litre, while also resuming the sale of petrol in naira. by Linda Ikeji at 23/07/2026 8:36 PM | Share this Story

…waste and associated gas flaring—including lost electricity generation, liquefied petroleum gas (LPG), industrial feedstock, government revenue, environmental damage and unrealised carbon-market opportunities—could range between $18 million and $28 million daily. Under favourable carbon-market conditions, Mahmoud estim…

Dangote Petroleum Refinery and Petrochemicals has completed a landmark $2.5bn private equity placement after the offer attracted demand more than three times the initial size. The company said the transaction, which achieved a 3.7 times subscription rate, resulted in the issuance and allotment of approximately $2.5bn i…

…by the International Energy Services Limited, in conjunction with the Centre for Petroleum, Energy Economics and Law and the University of Ibadan, recently, cautioned that weak implementation, rather than a lack of policies, was the main barrier to transforming the country’s energy sector. They argued that although Nig…

When the National Assembly flagged a N210 trillion figure in the Nigerian National Petroleum Company Limited’s financial statements, the country erupted. Citizens were angry, headlines were fierce, and many called for heads to roll. At a time Nigerians are facing real economic hardship, the figure was bound to spark ou…

…saboteurs the opportunity to activate new refining locations and sustain illicit petroleum production," he said. The naval director of information revealed that eight locally fabricated refining pots and three large storage tanks were recovered, further disrupting the criminal network's refining capability. "All illega…

By UdemeAkpan, Energy Editor The Dangote Petroleum Refinery has significantly increased exports of refined petroleum products as inadequate domestic crude oil supply and persistent foreign exchange constraints continue to hamper its operations. This comes as rising global crude oil prices are expected to increase feeds…

…an alleged ₦210 trillion financial discrepancy involving the Nigerian National Petroleum Company Limited (NNPC Ltd) has once again raised broader questions about accountability, financial controls and the management of Nigeria’s most important commercial institution. But the renewed debate also offers an opportunity to…

…2025 Commercial Bid Conference in Abuja, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, said the commission’s evaluation process was designed to ensure petroleum assets were awarded to companies capable of developing them, rather than firms that simply submitted the h…

…food production, improve logistics, reduce energy and production costs, deepen domestic petroleum refining and strengthen productivity across the economy.

…Education, replacing Professor Shu'aibu Shehu Aliyu, who was reassigned to the Petroleum Trust Development Fund (PTDF) in April. To replace Mathias Byuan, the former executive director, finance of the Federal Housing Authority, who resigned to contest the governorship election in Benue, President Tinubu named Gisaor Vi…