A petroleum economist, Prof. Wumi Iledare, says NNPC Ltd.’s new agreement with two Chinese firms could revive Nigeria’s troubled refinery rehabilitation efforts. Iledare, Professor Emeritus of Petroleum Economics, shared the view during an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. He described the Memorandum of Understanding (MoU) as a potentially…
The Nigerian National Petroleum Company Ltd. has praised the Nigerian Institute of Petroleum and Gas Engineers for advancing Nigeria’s oil and gas industry. The commendation came during a courtesy visit by NIPetGE President-elect, Mrs Prisca Kanebi, and her delegation to NNPC Ltd. leadership. The Group Chief Executive Officer, Mr Bayo Ojulari, was represented by Executive…
A prosecution witness, Salihu Kadir, told an Abuja High Court that Aminu Baba-Kusa, a former General Manager of the Nigerian National Petroleum Corporation (NNPC), voluntarily wrote his statement and filled all columns himself. Kadir, gave his testimony in the trial of former National Security Adviser (NSA), retired Col. Sambo Dasuki, charged with 32 counts of criminal breach of…
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded stronger revenue and remittance figures in February, driven by recent policy reforms aimed at enhancing transparency in the oil and gas sector. The company reported statutory remittances of N1.804 trillion, a sharp increase from N726 billion recorded in January. It attributed the improved performance to reforms…
Halima Kazeem, an Economic and Financial Crimes Commission (EFCC) witness, told an Abuja court that a former General Manager with the Nigerian National Petroleum Corporation (NNPC), Aminu Baba-Kusa, gave his statement voluntarily. The EFCC charged former National Security Adviser (NSA) Col. Sambo Dasuki , Baba-Kusa, Acacia Holdings Limited and Reliance Referral Hospital Limited with criminal…
The Group Managing Director of NNPC Ltd., Mr Bayo Ojulari, has reaffirmed the company’s commitment to strengthening partnerships, building indigenous capacity, and promoting gas as a key driver of Africa’s industrialisation. Ojulari gave the assurance on Tuesday in Lagos at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2026). The conference, with the…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the Awodi-07 appraisal and exploration well by Chevron Nigeria Limited (CNL), describing the results as a significant boost to confidence in the Joint Venture’s asset portfolio. The News Agency of Nigeria (NAN) reported that the Awodi-07 well is situated in the…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that a fire incident affecting part of the Escravos–Lagos Pipeline System in Delta State has been successfully contained. In a statement issued on Sunday, NNPC Ltd.’s Chief Corporate Communications Officer, Andy Odeh, said the situation was stabilised following an explosion reported on Wednesday evening at…
NNPC E&P Limited (NEPL) has recorded its highest daily oil output in more than 30 years, producing 355,000 barrels per day on 1 December 2025. The achievement represents a major step forward for Nigeria’s upstream sector and reflects NEPL’s focus on operational efficiency, disciplined management, and structured field development. Commenting on the milestone, NNPC Limited…
In a significant step towards reducing environmental impact and expanding gas supply, the NNPC/Heirs Energies OML 17 Joint Venture has signed commercialisation agreements with five companies to utilise flare gas previously wasted in operations. Heirs Energies’ CEO, Mr Osa Igiehon, stated in Lagos that the agreements “advance Nigeria’s gas commercialisation and environmental stewardship agenda.” Concluded…
