Nigerian National Petroleum Company

  The minister of solid minerals, Dele Alake, has said that the federal government will establish the Nigerian solid minerals corporation soon. The Minister disclosed this while addressing a press conference on Sunday in Abuja. He stated that the corporation will be similar to the Nigerian National Petroleum Company (NNPC) Limited. The Minister speaking said […]

  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says the pump price of premium motor spirit (PMS), also called petrol, should be between N360 and N400 a litre, after the removal of subsidy. Festus Osifo, president of PENGASSAN, made this known while speaking to journalists on the sidelines of the association’s […]

    The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit, known as petrol, available for Nigerians. This was disclosed on Thursday by Peter Afunanya, the Spokesman for DSS, while briefing journalists at its office in Abuja after […]

    The governor of Kaduna State, Nasir el-Rufai says the federal government should privatise the oil and gas sector before it brings the country to its knees. In July 2022 the Nigerian National Petroleum Company Limited transformed from a corporation to a limited liability company. On October 5, met with scepticism and criticism, the […]

    The Concerned Northern Forum (CNF), in conjunction with some civil society groups, has called on President Muhammadu Buhari to remove the subsidy on petrol. The group also kicked against the N48 billion pipeline security contract awarded by the federal government to Government Ekpemupolo, popularly known as Tompolo, an ex-militant leader. Addressing a press […]

    Nigeria’s House of Representatives on Thursday resolved to probe all the Joint Venture businesses and Production Sharing Contracts (PSCs) of the Nigerian National Petroleum Company (NNPC) from 1990. The lawmakers have decided to set up an ad-hoc committee to undertake the probe and report to the House within eight weeks and report back […]

  The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of ₦141.96 billion recorded in June 2021, compared to a deficit of ₦37.46 billion in May 2021. A statement by Garba Muhammad, Group General Manager, Group Public Affairs Division, NNPC, on Sunday stated that this was contained in the June 2021 figures […]

  The Nigeria Labour congress, NLC has rejected the Federal government’s planned fuel subsidy removal describing it as a ‘penny wise pound foolish’ gamble. The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, had on Tuesday announced at a World Bank event in Abuja that petrol would sell for between N320 […]


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