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Senate Orders Kyari’s Arrest Over Alleged Missing ₦210tn

FILES: Former NNPCL Boss Mele Kyari and NNPCL logo The Senate Committee on Public Accounts has ordered the arrest of the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, for failing to appear before it over allegations of an unaccounted ₦210 trillion between 2017 and 2023. The […]

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June 11, 2026
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Breaking News

Atiku demands halt to NNPC’s P’Harcourt, Warri refineries deal with Chinese firms

A former Vice President, Atiku Abubakar, on Friday called for the immediate suspension and public scrutiny of the “Technical Equity Partnership” recently announced by the Nigerian National Petroleum Company Limited involving two Chinese firms, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. Atiku, in a statement issued by his […]

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May 8, 2026
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Business

NNPC Signs MoU For ‘Completion,’ ‘Operation’ Of Warri, Port Harcourt Refineries

The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese companies for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and Warri refineries. The MoU was signed by the NNPCL’s Group Chief Executive Officer (CEO), Bayo […]

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May 5, 2026
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Breaking News

NNPC OB3 gas pipeline crosses River Niger

The Nigerian National Petroleum Company, NNPC, Limited has completed the River Niger crossing of the 130-kilometre Obiafu-Obrikom-Oben, OB3, gas pipeline.NNPC revealed this in a statement on Thursday. The company said the milestone was achieved by its subsidiary, the NNPC Gas Infrastructure Company. According to the statement by Andy Odeh, NNPC Chief Corporate Communications Officer, the […]

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April 30, 2026
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Breaking News

US-Iran war: NNPC hikes oil prices by $7/barrel

The Nigerian National Petroleum Company Limited has raised the official selling prices of all 37 Nigerian crude grades for May-loading cargoes, according to a report by Oilprice.com. The report stated that Nigeria is reaping the benefits of the US-Iran war, as the NNPC increased the price of its flagship grade, Bonny Light, by $6.13 per […]

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April 29, 2026
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Business

NNPC refineries will never work again – Obasanjo

As the Nigerian National Petroleum Company Limited continues its search for technical partners to operate the Port Harcourt, Warri, and Kaduna refineries, former President Olusegun Obasanjo has once again insisted that the facilities will never work. Obasanjo spoke during a television interview aired on Saturday night by Sony Irabor Live, which was monitored by our […]

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April 27, 2026
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Economy

Oil output drops to 1.51mbpd in February as NNPC remits N1.804trn

Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPC Ltd) remitted N1.804 trillion to the Federation Account. The NNPC’s February Monthly Report Summary, released on Saturday, attributed the production dip to the Trans Forcados Pipeline outage due […]

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April 13, 2026
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