By Jemimah Wellington, JKNewsMedia Correspondent THE NIGERIAN National Petroleum Company (NNPC) Limited has reduced petrol to N835 per litre, marking its third price cut this December, a survey of Abuja filling stations confirmed on Thursday. The state-owned firm said it lowered its pump price from N915, representing a N80 adjustment. The mov...
By Jemimah Wellington, JKNewsMedia Correspondent Tensions escalated in the Senate on Tuesday as Bayo Ojulari, Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), failed to honour a fourth invitation to appear before the Public Accounts Committee over a ₦210 trillion audit query spanning 2017 to 2023. Members ...
 By JKNewsMedia THE SENATE Committee on Public Accounts has uncovered alleged financial irregularities totalling N210 trillion in the audited statements of the Nigerian National Petroleum Company Limited (NNPCL), raising concerns over what lawmakers described as severe contradictions and unexplained transactions within the company’s books bet...
By JKNewsMedia NATURAL GAS supply in Nigeria is set for a significant boost as NNPC Gas Marketing Ltd (NGML), a subsidiary of NNPC Ltd, and its Unincorporated Joint Venture (UJV) partner, NIPCO Gas Ltd, have finalised a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd. The deal will see the supply of natural […]
By JKNewsMedia A FIRE outbreak on a dry crude storage barge at Cawthorne Channel 1 in Rivers State has been successfully contained, averting a major disruption to oil and gas operations in the area. The blaze, which ignited at approximately 2:10 p.m. on Wednesday, started on the BESTAF5 barge before spreading to adjacent barges. Emergency [&h...
By Jemimah Wellington, JKNewsMedia Reporter THE PRICE of Premium Motor Spirit (PMS) has dropped significantly, following the Nigerian National Petroleum Company Limited’s (NNPCL) decision to lower its ex-depot price from ₦1,020 to ₦899 per litre. This action comes amid rising competition in the deregulated downstream petroleum sector. Dr Josep...
By JKNewsMedia THE NIGERIAN National Petroleum Company Limited (NNPCL) has addressed concerns over the Port Harcourt Refinery’s operations, refuting claims that the facility is not producing outputs. NNPCL officials affirmed that the refinery is currently operating at 70% capacity and producing vital petroleum products, with plans to sca...
By Jemimah Wellington, JKNewsMedia Reporter THE NIGERIAN National Petroleum Corporation Limited (NNPCL) has firmly dismissed claims that an additional body was recovered from the helicopter crash that occurred last Thursday in Port Harcourt. Addressing the reports on Sunday, NNPCL clarified that beyond the three bodies initially found in the w...
By Jemimah Wellington, JKNewsMedia Reporter THE VICE President of Nigeria, Kashim Shettima, has been tasked with leading efforts to resolve the country’s ongoing fuel crisis. This directive came from President Bola Tinubu, as he mandated immediate action to address challenges in the oil and gas sector, particularly around fuel pricing and supp...
By Joke Kujenya Nigerians have been urged to brace up for another rise in petrol prices. The Nigerian National Petroleum Company Limited (NNPCL) has indicated that another pump price increase is likely soon. This follows the company’s efforts to reflect the current market conditions. Adedapo Segun, NNPCL’s Executive Vice President, Downs...
