NNPC and Partners Advance $21 Billion Bonga Offshore Project
NNPC and its partners have signed agreements to advance the $21 billion Bonga offshore project, aiming to boost Nigeria’s deepwater investment.
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NNPC and its partners have signed agreements to advance the $21 billion Bonga offshore project, aiming to boost Nigeria’s deepwater investment.

Ogoni youths are demanding 500 jobs from the Nigerian National Petroleum Corporation (NNPC) as oil exploration resumes, stating that the current 40 allocated slots are insufficient and causing internal divisions.
Petroleum marketers have expressed support for President Tinubu’s initiative to revive NNPC refineries, dismissing former President Obasanjo’s skepticism about their operational success.

Seplat-NNPC has empowered 127 teachers in Imo State, Nigeria, through its Teachers Empowerment Programme. The first cohort from Imo graduated in Owerri after receiving specialized training.
This article refers to an archive section on The Guardian Nigeria News website dedicated to 'NNPCL audited accounts', indicating a repository of past reports and analyses on the topic.
Nigeria's NNPC is preparing to implement a new Production Sharing Contract framework, a move expected to unlock up to $50 billion in deep offshore oil and gas investments.

President Tinubu commended his economic team and the Nigerian Exchange (NGX) for their efforts in stabilizing the economy and achieving a rebound in the stock market. He also announced plans for the listing of the Nigerian National Petroleum Company (NNPC) on the NGX.

Nigeria has approved a new $4.5 billion loan to refinance a previous $3.3 billion loan for its state-owned oil company, NNPC.
The Nigerian National Petroleum Company (NNPC) is expanding the nation's crude oil exports by tendering new Cawthorne and Bonny Light cargoes, a move aimed at boosting production and diversifying export blends.
NNPC Limited announced a N535 billion profit in June 2026, marking a 15.8% increase, and reported remitting N6.3 trillion to the federation, highlighting its significant contribution to national revenue.

Seplat Energy has announced the sale of a 10% joint venture stake to the Nigerian National Petroleum Company (NNPC) for $281.6 million (₦384.38 billion).
NNPC Limited announced its plan to acquire a 10% interest in the NNPCL-SEPNU Joint Venture from Seplat Energy Plc for $281.6 million, aiming to enhance shareholder returns.

An opinion piece defends Nigeria’s energy sector reforms, countering recent open letters and articles that questioned the direction of the Nigerian National Petroleum Company Limited (NNPC Ltd) and government policies.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). The suit demands that NNPCL account for an alleged ₦211 trillion in missing oil revenues.

The Nigerian Senate has summoned the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL), and 40 other Ministries, Departments, and Agencies (MDAs). This action is part of a probe into public funds and claims of non-remittance of revenue.
A Northern group has publicly defended Nigerian President Tinubu against allegations of ethnic bias in NNPCL recruitment and operations, dismissing the claims.

By Henry Umoru ABUJA – FORMER Group General Manager (GGM) of the National Petroleum Investment Management Services (NAPIMS), Bala Wunti, has disclosed that there was no evidence in the 2023 audited…
The House of Representatives in Nigeria is investigating the Central Bank of Nigeria, NNPC, and other government agencies regarding N5.3 trillion in unpaid government revenues and alleged illegal deductions.

The Nigerian House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant-General of the Federation (OAGF) to provide a comprehensive breakdown of outstanding operating surplus and other revenues allegedly owed by the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL).

The Nigerian National Petroleum Corporation (NNPC) announced a remittance of N19.5 trillion to the Federation Account over a 14-month period. This significant contribution highlights the NNPC's financial impact on the national economy.

Nigeria's anti-graft agency, EFCC, has recovered ₦38.66 billion and other properties in connection with alleged refinery maintenance fraud, preparing to prosecute former and serving NNPC officials and contractors.

Diezani Alison-Madueke, Nigeria's former petroleum minister, has been acquitted of bribery charges by a UK court, but still faces an open corruption case in Nigeria regarding allegations of lavish spending and illicit enrichment during her tenure.
Over 70% of eligible staff at the Nigerian National Petroleum Company (NNPC) are reportedly seeking early retirement through a new voluntary exit scheme, aiming to transform the organization.

Veteran Nollywood actor Kola Oyewo, known for his role in 'Saworoide', has passed away at the age of 80, prompting mourning from the Ooni of Ife and the entertainment industry.
NNPC Ltd. has reported 24 pipeline theft cases across its network between 2025 and 2026, highlighting the persistent threat to Nigeria’s energy infrastructure.
The Nigerian National Petroleum Company (NNPC) has uncovered criminal syndicates posing as a Federal Government task force, responsible for stealing 9km of pipelines.
Dangote Refinery has accused the Nigerian government and NNPC of sabotaging its crude oil supply, impacting operations and investment. NNPC has refuted these claims.

Peter Obi has chosen Rabiu Kwankwaso as his running mate for the 2027 Nigerian presidential election, setting up a three-way contest. This announcement comes amidst other political developments and public reactions in Nigeria.

The ongoing cost of living crisis in Nigeria is significantly reshaping spending habits for the Eid-el-Kabir celebrations. This economic pressure is affecting how Nigerians observe the holiday.

The Nigerian National Petroleum Company (NNPC) has accused Dangote Refinery of attempting to establish a fuel monopoly. This accusation was made in a court filing by the NNPC.

A Nigerian court sustained an arrest warrant against former minister Sadiya Farouq in a fraud case, while also ordering the final forfeiture of a jet linked to an NNPC power project fraud investigation.

Following his interactions with Chinese President Xi Jinping, Donald Trump commented on a range of topics including trade deals, Iran's nuclear program, Taiwan arms sales, and the unlikely release of Hong Kong media mogul Jimmy Lai. He also reflected on the overall dynamic and potential for lifting sanctions related to Iranian oil.
Nigeria's NNPC and NIPetGE are advocating for increased adoption of artificial intelligence and digital technology within the energy sector to enhance efficiency and sustainability in the country's oil and gas industry.
Women from the Alesa community staged a nude protest at the Port Harcourt refinery, demanding inclusion in negotiations regarding an MoU between NNPCL and a Chinese firm.
Despite billions spent, Nigeria’s state-owned NNPC refineries continue to be a national burden, prompting an analysis into the persistent issues and the case for privatization.
Former Vice President Atiku Abubakar has called for the immediate suspension of the NNPC refinery deal with Chinese firms, labeling it a dangerous gamble and questioning the firms' competence.

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) for the restart and expansion of the Warri and Port Harcourt refineries. This agreement aims to boost Nigeria's refining capacity.

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding with Chinese firms to facilitate the restart and expansion of the Warri and Port Harcourt refineries. This agreement aims to revive and improve the operational capacity of these key facilities.
Nigeria's NNPCL has increased crude oil prices across various grades, sparking fears of an oil glut in the market.
NNPC Ltd is positioned as a crucial entity in determining the future trajectory and economic landscape of Nigeria.
Nigeria's NNPC has reported its crude oil production surged to a five-year peak of 1.71 million barrels per day, indicating significant progress in the nation's oil and gas infrastructure development.
NNPC Limited has issued an urgent warning to the public about scammers falsely claiming to sell refinery scrap materials and advises disregarding such solicitations.

The Central Bank of Nigeria (CBN) has issued multiple alerts warning the public about a surge in fake emails, online scams, and fraudulent messages targeting bank accounts.

The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited (NNPCL) to account for N210 trillion and has summoned its CEO, Mele Kyari, to appear before a committee.

Nigeria’s national oil company, NNPC, reported a N136 billion profit after tax in February 2026, driven by strong gas output and revenue despite a decline in oil production.
Recent reforms in Nigeria's oil sector are boosting production and have unlocked over $24 billion in investments, as the NNPC aims for a target of 3 million barrels per day using AI and digital technology.

Nigeria's NNPC Limited has begun exporting a new crude grade, Cawthorne blend, with its first cargo shipped to the Netherlands, aiming to boost production and expand its crude portfolio.

The Nigerian Federal Government, First Lady, NGF, Dangote Group, NNPC, and the Emeka Foundation have collectively donated ₦65 billion to the Community Food Bank Trust Fund.

A Federal High Court in Abuja has issued a final forfeiture order for three properties and N3.4 billion in cash, all linked to alleged fraud at the Nigerian National Petroleum Company Limited (NNPCL).

Nigeria's CBN reports Dangote refinery imported $3.74bn crude in 2025, reshaping the country’s oil trade. Concurrently, NNPC is boosting crude oil supply to the refinery to stabilize fuel availability amid global price surges.

SERAP asks President Tinubu to probe the alleged ₦5.9bn NNPC rebranding cost, urging anti-graft agencies to investigate the expenditure for accountability. Read More:…

Chevron Nigeria Limited, with partners like NNPC and NDDC, reaffirms its commitment to socio-economic growth and Niger Delta development. Read More: https://punchng.com/chevron-reaffirms-commitment-to-niger-delta-development/

The Northern Youth Progressive Forum, NYPF, has challenged the claim by the Senate Public Accounts Committee that about ₦210 trillion in the accounts of the Nigerian National Petroleum Company Limited, NNPCL, was unaccounted for, urging a technical review of the figures. Chairman of the Senate Public Accounts Committee, Senator Ahmed Wadada, had raised concerns over […] The post Group faults Senate committee’s ₦210tr NNPCL claim— Demands technical review appeared first on Vanguard News.

The NORTH WEST GUILD OF EDITORS (NWGOE), a coalition of professionals and stakeholders committed to transparency and the defense of public institutional integrity, hereby issues a formal rejoinder…

By Kingsley Adegbite In Nigeria’s already fragile information environment, numbers have enormous power. When a public official declares that N210 trillion has gone missing, the figure is large enough to shock citizens, dominate headlines and inflame public anger. That is precisely why such claims must be handled with care and responsibility. Unfortunately, Senator Ahmed Wadada’s allegation […] The post N210tn Mirage: How Wadada’s claim on NNPCL collapses under simple arithmetic appeared firs...

The Nigerian Senate Public Accounts Committee has summoned Kyari and former NNPC officials to address alleged discrepancies totaling N210 trillion in the company's audited financial statements from 2017 to 2023.

The Nigerian Senate Committee on Public Accounts has summoned the immediate past Group Chief Executive Officer of NNPCL, Mele Kyari, and others to account for N210 trillion, threatening arrest if they fail to appear.

The House of Representatives affirms that NNPC’s 7.25% equity stake in the Dangote Refinery is vital for securing Nigeria’s national interest. Read More: https://punchng.com/nnpcs-stake-in-dangote-refinery-secures-national-interest-reps/

A former NNPC official, Paulinus Okoronkwo, has been jailed for 87 months in the US after being convicted of accepting a $2.1 million bribe. Read More:…

By Progress Godfrey ABUJA — The Federal Government, NNPC Limited (NNPCL), the Nigerian Economic Summit Group (NESG), and key investment partners have officially backed Portland Gas Limited’s proposed Mini-LNG and LCNG facility in Gwagwalada, Abuja, highlighting the project as a cornerstone of Nigeria’s gas-driven industrial growth and energy security strategy. The endorsement came during a […] The post FG, NNPCL, NESG endorse Portland Gas Mini-LNG and LCNG project in Gwagwalada appeared first...

A former General Manager of the Nigerian National Petroleum Corporation (NNPC) has been sentenced to 87 months in a US prison for a $2.1 million bribery scandal.

PENGASSAN urges the Nigerian government to sell a 51% stake in NNPCL refineries, adopting the NLNG model to improve efficiency and profitability. Read More: https://punchng.com/sell-51-stake-in-nnpcl-refineries-pengassan-urges-fg/

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its OML 118 partners have signed agreements for the Bonga South-West Aparo deepwater project, targeting a $21 billion investment.
An archive page from The Guardian Nigeria News related to the Nigerian National Petroleum Company Limited (NNPC).
The NNPC and Seplat Energy Joint Venture has initiated a program to empower 127 teachers in Imo State with essential digital and STEAM skills, aiming to boost their professional development and economic resilience.

The NNPC Ltd/FIRST E&P Joint Venture has launched 'Impact FIRST: Heritage,' an initiative designed to scale proven social impact programs across Nigeria, building on the success of its 2024 grant program.

NNPC stated that a new deep offshore incentive order will accelerate investment and production growth in the sector. The order establishes a transparent, predictable, and globally competitive fiscal framework for qualifying greenfield deep offshore developments.

Hussaini and Hassan Malami, identical Nigerian twin brothers, have successfully secured highly competitive jobs at the Nigerian National Petroleum Company (NNPC), joining the NNPC Tigers Class of 2026.
The Ajaokuta-Kaduna-Kano (AKK) gas pipeline project has reached Abuja, with NNPC Limited planning a phased commissioning this year for the major gas infrastructure.

Nigeria's National Economic Council has approved the refinancing of NNPC Limited's existing $3.3 billion oil-backed pre-export finance facility through a new $4.5 billion arrangement.
The Nigerian Senate Committee on Public Accounts has given NNPCL, CBN, and other agencies a 72-hour ultimatum to respond to unresolved audit queries.

The Nigerian National Petroleum Company (NNPC) announced a profit of N535 billion in June, alongside a daily oil output of 1.72 million barrels. This financial performance indicates a significant positive trend for the company.

Nigeria's NNPC is central to the nation's economic future, driving the Ajaokuta–Kaduna–Kano (AKK) gas pipeline initiative to improve energy accessibility and affordability.

The Nigerian Senate has scheduled a 23-day probe into the country's oil sector audit, summoning the NNPCL, CBN, and other organizations to provide relevant information and be represented by their chief accounting officers.

An editorial criticizes the Nigerian National Petroleum Company Limited (NNPCL) for its perceived reckless disregard for Senate oversight, holding the President of the Senate, Godswill Akpabio, responsible for the company's affronts on the legislature.

Despite President Bola Tinubu's declaration that fuel subsidy is gone, questions arise as to whether the Federal Government paid N17.5 trillion in subsidy, with some experts suggesting that trillions recorded by NNPCL are a disguised form of subsidy.

Operatives of the Nigeria Police Force have successfully dismantled a pipeline vandalism syndicate in Adamawa State, arresting seven suspects. The operation also led to the recovery of 285 pieces of vandalized Nigerian National Petroleum Company (NNPC) pipelines.

The African Democratic Congress (ADC) has challenged the Nigerian Federal Government and the Nigerian National Petroleum Company Limited (NNPC Ltd.) to account for the N7.13 trillion recorded as energy security expenditure.

The Nigerian Senate has given external auditors of the Nigerian National Petroleum Company (NNPC) one week to explain a N210 trillion discrepancy in unreconciled figures. This demand follows concerns raised about the financial records.

The Nigerian House of Representatives has directed the Accountant-General to disclose revenue debts owed by the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company (NNPC), and to probe fund withdrawals by Ministries, Departments, and Agencies (MDAs).
NNPC Ltd. is repositioning itself to become an energy ecosystem builder, aiming to connect investment, technology, and talent to drive sustainable energy development across Africa.
NNPC Limited announced it has saved $3.4 billion by restructuring contracts, which has also boosted efficiency and production. The company's Group Chief Executive Officer, Bayo Ojulari, unveiled the one-year scorecard detailing these achievements.
Adams Oshiomhole is reportedly facing an isolated battle in the Nigerian Senate, amidst controversies and questions regarding unremitted funds by the NNPCL under Mele Kyari.

Mr. Oshiomhole has alleged that Senate President Godswill Akpabio’s daughter secured a job at the NNPC outside normal recruitment procedures. This accusation revives controversy surrounding the Senate’s probe into alleged financial discrepancies within the state oil company.
The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), demanding accountability for an alleged N5.9 billion spent on rebranding.

An opinion piece discusses 'reckless' statements regarding the NNPC, arguing they could damage Nigeria's international investment image. Senator Adamu Aliero described such statements as harmful to the country's 'cash cow'.
Six vessels carrying N279 billion worth of petrol cargoes are arriving in Nigeria this week, amidst an ongoing legal dispute between Dangote Refinery and NNPC regarding import issues.

The Nigerian Senate Committee on Public Accounts has threatened to issue an arrest warrant against Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), for failing to appear before a committee investigating an alleged N210 trillion discrepancy flagged in audit reports from 2017 to 2020.

Nigerian President Tinubu stated that his reforms are stabilizing the economy despite ongoing hardship, while critics urged him to resign over rising insecurity. Discussions also included the 2027 elections and concerns about severe flooding predictions for 2026.
An Abuja High Court has dismissed a $19.6 million lawsuit filed against the Nigerian National Petroleum Corporation (NNPC), ruling that oral agreements cannot be used to expand written contracts.

The Attorney General of the Federation is leading the defense as NNPC and regulators work to protect Nigeria's energy security in a Federal High Court suit concerning Dangote fuel imports, intensifying disputes in the downstream petroleum sector.
NNPC is considering an equity partnership with Chinese investors, potentially granting them a 51% stake in Nigeria's Port Harcourt and Warri refineries.
NNPC Limited has installed a state-of-the-art 1.5 Tesla MRI facility at Nnamdi Azikiwe University Teaching Hospital in Anambra, Nigeria, as part of its commitment to enhancing healthcare support.

Aliko Dangote has opposed NNPC Limited's attempt to increase its stake in the $20 billion Dangote Petroleum Refinery, emphasizing a strategy to broaden ownership and attract more investors.

Over 100 people have reportedly died following a military airstrike in Nigeria. This incident is a significant development amidst other national news, including government plans for housing and education, and political discussions.
The Nigeria Employers' Consultative Association (NECA) has raised serious concerns regarding a Memorandum of Understanding signed between NNPCL and Chinese firms for refinery rehabilitation, amidst an ongoing $25 billion controversy.

Growing outrage surrounds a Memorandum of Understanding signed between NNPC Limited and two Chinese firms for the rehabilitation of the Port Harcourt and Warri refineries in Nigeria.

A partnership between the Nigerian National Petroleum Corporation (NNPC) and China concerning refineries is expected to boost energy security. However, the NUPENG union is demanding concrete results from the collaboration.

The Nigerian National Petroleum Company (NNPC) announced a profit of N276 billion for March. This achievement came despite pipeline disruptions, with the company also noting a one-year high in gas output.

Alhaji Umaru Ajiya, former Chief Finance Officer of NNPCL, has officially announced his bid for the Sokoto East Senatorial District seat under the All Progressives Congress, vowing to address insecurity and promote equitable development.

An analysis delves into the future of the music industry in the era of artificial intelligence, examining how AI technologies are shaping its evolution.
Nigeria's NNPC has significantly increased oil prices for its crude grades, including Bonny Light, by $7 per barrel, attributing the hike to the ongoing US-Iran war.
The NNPC has denied claims of selling refinery scrap materials and equipment, cautioning the public about fraudulent individuals impersonating its agents.

Nigeria's NNPC and Algeria's Sonatrach have signed a Memorandum of Understanding to establish a formal framework for joint research, development, and technology exchange within the oil and gas sector.
NNPC crude supply to the Dangote refinery topped 1 million metric tonnes in April, with eight major shipments bolstering Nigeria’s domestic refining capacity.
The FCT High Court in Nigeria has ruled in favor of the Federal Government, NNPCL, and Tantita, supporting the renewal of a crucial pipeline surveillance contract.

The Nigerian National Petroleum Company (NNPC) reported a 64.67 percent drop in profit after tax to N136 billion in February, down from N385 billion the previous month, despite revenue hitting N2.68 trillion.
The Nigerian National Petroleum Company Limited (NNPCL) has emphasized the critical role of pipeline security in boosting oil production growth and attracting investor confidence in the country's oil sector.
The Nigerian Federal Government, state governors, and major corporations including Dangote and NNPCL have committed N65 billion to establish a national food bank.

Nigeria's NNPC has announced plans to increase crude oil allocation to the Dangote Refinery to seven cargoes in May 2026, up from the current five. This move is intended to support the refinery's operational capacity.
NNPC’s GCEO has stated that Nigeria is a prime destination for energy investment, emphasizing a shift from promises to disciplined execution to attract global capital.

Receiving the funds on behalf of NNPC Ltd, Executive Vice President, Downstream, Mumuni Dagazau, praised the EFCC for its role in the recovery. The post EFCC returns N3.9bn stolen funds to NNPC appeared first on Premium Times Nigeria.

The Socio-Economic Rights and Accountability Project (SERAP) has called on Nigerian President Bola Tinubu to investigate the alleged N5.9 billion spent on rebranding the Nigerian National Petroleum Corporation (NNPC) to NNPCL.

A professional forum has refuted allegations of N210 trillion in missing funds from NNPC accounts, labeling the claim as a 'mathematical impossibility' and politically motivated.

NNPC reports a N385bn profit for Jan 2026, driven by a rise in oil output to 1.64m bpd. Read the latest operational updates on production and revenue. Read More: https://punchng.com/nnpc-posts-n385bn-profit-as-oil-output-rises/

By Dele Sobowale “Wisdom in people consists of the anticipation of consequences” – Norman Cousins, 1915-1990, Vanguard Book Of Quotations, P274 “The road to hell is paved with good intentions” Until a few days ago, it would never have crossed my that I could be defending the Nigerian National Petroleum Company Limited, NNPCL, established to foster economic […] The post Executive Order 9 will be counterproductive – 1 appeared first on Vanguard News.

The ₦210 trillion discrepancy claim does not align with Nigeria’s fiscal realities, the governance structure of NNPC or the financial mechanics of joint venture accounting. What initially appears as a monumental financial scandal quickly dissolves into a phantom figure, one that sits more comfortably in political rhetoric than in verifiable financial records. Nigeria deserves serious […] The post N210trn mirage: How Wadada’s claim on NNPCL collapses under simple arithmetic, By Kingsley Ade Ad...
The Nigerian Senate has issued summons for former heads of the Nigerian National Petroleum Company Limited (NNPCL) to account for an alleged N210 trillion.
NNPC leads in fuel price increase amid fear of scarcity in Nigeria The Guardian Nigeria News

NNPC woos investors for the Ajaokuta–Gwagwalada segment of the AKK gas pipeline, set for completion by July 2026 to boost gas supply and economic growth. Read More: https://punchng.com/nnpc-woos-investors-as-ajaokuta-gwagwalada-gas-segment-eyes-july-completion/

An article explores deep-rooted corruption within the Nigerian National Petroleum Corporation (NNPC), analogizing it as a 'Nigerian National Plundering Corporation,' and highlights the monumental failure of its oil refineries.

President Bola Tinubu has issued an executive order stopping the Nigerian National Petroleum Company Limited from deducting management fees and the Frontier Exploration Fund, effectively halting revenue streams worth about N2.076tn.

The Minister says new directives on revenue remittances are aimed at strengthening transparency and domestic resource mobilisation, as a forensic audit of NNPC proceeds under FAAC mandate. The post Edun explains revenue remittance directive, says NNPC forensic audit ongoing appeared first on Premium Times Nigeria.

NNPC Limited will no longer collect and manage the 30 per cent Frontier Exploration Fund. The post Tinubu signs Executive Order that slashes NNPC’s revenue, directs remittance to Federation Account appeared first on Premium Times Nigeria.
Nigerian welders are calling for strict adherence to local content laws in the AKK gas pipeline and other NNPC projects, citing concerns over unfair remuneration and exclusion.
The Nigerian National Petroleum Company (NNPC) has raised concerns that Nigeria's energy future is at risk due to a growing skills gap in the sector, prompting plans to reskill its workforce.

Reform opponents accused of weaponising false claims to derail transparency, cost-cutting and operational reforms. The post Ojulari never awarded any oil block, has no statutory role in licensing,…
The article from The Guardian Nigeria News archives discussions and reports related to the Nigerian National Petroleum Company Limited's (NNPCL) expenditures on energy security measures.

Nigeria's Federal Ministry of Finance and the Nigerian National Petroleum Company Limited (NNPCL) are in dispute over unresolved audit queries, including a $3 billion pre-export loan and $722.6 million in LNG dividends.

The Nigerian National Petroleum Corporation (NNPC) has stated its commitment to transparency and accountability, welcoming public scrutiny while defending the performance of an official.

Former Vice President Atiku Abubakar has condemned the National Economic Council's approval of a $4.5 billion refinancing of NNPC Limited's oil-backed loan, describing President Bola Tinubu as a "weapon fashioned against Nigeria."
Nigeria has approved a $4.5 billion arrangement with its state-owned energy firm, NNPC, to free up funds for bolstering foreign-exchange reserves and investing in ongoing government infrastructure priorities.
The Nigerian National Petroleum Company Limited (NNPC) recorded a substantial profit of N2.27 trillion in the first half of 2026. This financial success was primarily driven by a rally in crude oil prices during the period.

Nigeria's national oil company, NNPC, announced a revenue of N19.04 trillion over six months, with profit after tax fluctuating significantly during the period.
NNPC Limited has integrated over 1,000 young professionals into its workforce following a rigorous one-year internship and training program, marking a significant expansion of its human resources.

Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) to sell a 10 percent working interest in their joint venture assets for approximately $281.6 million.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit to compel the Nigerian National Petroleum Company (NNPC) to account for N211 trillion recorded as ‘Sundry Receivables’ and ‘Accrued Expenses’ in its 2023 financial statements.

The Nigerian National Petroleum Company Limited (NNPCL) is facing renewed scrutiny over its N7.13 trillion energy-security expense recorded in 2024, raising questions about the national oil company's financial accountability.
Nigeria's NNPC has confirmed that all oil cargoes designated for the naira-for-crude deal were supplied to the Dangote Refinery, addressing claims of shortfalls.
A Rivers senator in Nigeria has criticized the Nigerian National Petroleum Company Limited (NNPCL) for repeatedly missing meetings regarding the crude theft probe, hindering legislative oversight.

The Nigerian House of Representatives has rescinded its earlier state police bill and adopted President Bola Tinubu's version for consideration. This move aims to fast-track the constitutional approval of state policing in the country.
Nigeria's House of Representatives has launched an investigation into the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Company Limited (NNPCL) regarding an alleged N5.3 trillion in unremitted operating surplus, raising concerns about the nation's revenue performance.
UTM Offshore has signed a gas sales agreement with Seplat Energy and NNPC Limited for the supply of gas to its Yoho FLNG project, marking a significant step in the development of the floating liquefied natural gas facility.

The Nigerian National Petroleum Company (NNPC) reported a significant drop in revenue by N636 billion to N4.34 trillion in May, despite an increase in oil production. This decline in profit occurred even with higher output.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has renewed its partnership with TotalEnergies for an additional 24 months to continue deploying advanced methane detection technology across its upstream operations.
A new book by a former NNPC director has sparked fresh calls for the reclamation of the Bakassi Peninsula. The publication has reignited public discourse on the territorial dispute.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). SERAP is demanding accountability for an alleged ₦5.9 billion spent on rebranding that remains unexplained.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and security agencies have intensified efforts to combat pipeline vandalism following the discovery of a damaged section of the Nigerian Pipelines and Storage.

The Nigerian Senate has disowned and invalidated an arrest warrant previously issued against former NNPC Managing Director Mele Kyari, stating that the warrant was not authorized by the full Senate. This decision came amidst a probe into an alleged missing N210 trillion.
The NNPC Foundation has donated a 1.5 Tesla MRI machine to the National Orthopaedic Hospital, Dala, Kano, aiming to improve diagnostic services and healthcare access in Nigeria.

NNPC Ltd recorded a significant profit of N481 billion in April, driven by a substantial surge in revenue. The company's total earnings for the month reached N4.97 trillion.
Pan-Atlantic University and NNPC Foundation are collaborating to host a symposium focused on energy and environmental communication, aiming to promote sustainable practices in Nigeria.

The Nigerian Army successfully rescued 92 civilians who had been kidnapped by terrorists in Borno State, neutralizing improvised explosive devices and engaging in operations against militants. This rescue operation was part of broader efforts to combat terrorism in the region.
A federal high court has ordered the final forfeiture of a private jet following an EFCC application, linking it to alleged NNPC contract fraud.

Various reports from Nigeria detail incidents of police misconduct, high-profile fraud cases, legal disputes, and government policy decisions. These events collectively highlight ongoing challenges in law enforcement, financial integrity, and public administration across the nation.

Aliko Dangote has reportedly rejected an offer from the Nigerian National Petroleum Company (NNPC) to increase its stake in his refinery. Dangote confirmed his decision regarding the proposed equity increase.
Punch-NG released its afternoon news recap, covering top stories including Borno's defense of reintegrating repentant terrorists, Nigeria ranking third globally for students abroad, and NNPC remitting N322bn.

Nigeria is facing concerns over aviation fuel shortages, while the government has approved strategic public-private partnership infrastructure projects and mandated drug tests for secondary school students. Separately, the NDLEA has uncovered a drug stash house and made arrests in drug trafficking cases.

Reports indicate that communities have been left stranded after terrorists destroyed police stations, highlighting ongoing security challenges in the region.
A coroner has suspended the inquest into the death of Nigerian author Chimamanda Adichie's son, amid allegations of interference by the Lagos Attorney General. The court halted proceedings as the Attorney General denied any involvement.
The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding with Chinese firms to facilitate the revival of the Warri and Port Harcourt refineries.

The Nigerian National Petroleum Company (NNPC) has successfully completed the critical River Niger crossing for the OB3 gas pipeline project, a milestone expected to unlock 2 billion scf/day of gas and significantly boost Nigeria’s power, industry, and economic growth.

The NNPC Limited has reiterated its dedication to improving lives across Nigeria, measuring its success by positive impact on people rather than just oil production.

Nigerian aviation ground handlers are threatening to suspend operations due to an outstanding N9 billion debt owed by airlines, potentially disrupting air travel. This development comes amidst other domestic news, including a setback in the trial of former central bank governor Emefiele and an army rescue of a kidnapped victim.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted reports claiming it is selling scrap materials, equipment, or components from its refineries.

An opinion piece by Dan D Kunle discusses the role of NNPC Ltd and expresses optimism about the possibilities for a better future in Nigeria, despite national setbacks.

The Nigerian Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a deadline of April 29 to provide explanations for N210 trillion in audit queries. The demand comes as the Senate seeks accountability for the significant financial discrepancies.

The Nigerian Army has justified a precision airstrike in Jilli village, Borno State, claiming it targeted a terrorist hub, despite reports of civilian deaths. Survivors have since recounted their ordeal, stating they were legitimate animal traders at Jilli market when the attack occurred, while Amnesty International condemned the incident.
The Nigerian National Petroleum Company (NNPC) is promoting the adoption of artificial intelligence and digital mining technologies to significantly cut production costs and achieve its target of 3 million barrels per day.

Nigeria's oil production has surged to 1.84 million barrels per day (mbpd) from a previous low of 960,000 barrels per day (kbpd), according to NNPCL, attributing the increase to improved pipeline security measures.

NNPC Limited had planned to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026; however, officials at Dangote Refinery are disputing these reports, stating their actual allocation from NNPC is lower.

The Nigerian National Petroleum Company (NNPC) is increasing its allocation of crude cargoes to the Dangote oil refinery for May, providing seven cargoes compared to five in previous months, amidst rising fuel prices.
SERAP has called on the Nigerian Senate to ensure full transparency in its investigation into an alleged missing ₦200 trillion from the NNPCL, demanding public access to all findings.

Nigeria's Economic and Financial Crimes Commission (EFCC) has returned N3.94 billion in recovered funds to the Nigerian National Petroleum Company Limited (NNPCL), marking a successful anti-corruption effort.

The University of Ilorin (UNILORIN) and NNPCL have partnered to establish a Centre of Excellence for energy research, the first of its kind in West Africa, and a new Professorial Chair.

The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja. The post NNPC reduces…

Youths from Ogoni and the South-South region are protesting in Port Harcourt against the Nigerian National Petroleum Company Limited's (NNPCL) alleged failure to fund the Federal University of Environment and Technology in Saakpenwa.

A House of Representatives committee chairman reported that the probe into the $18bn NNPC refinery project is facing delays due to the company's alleged lack of cooperation.

Nigeria’s Senate summons ex-NNPC chief Mele Kyari to answer for N210tn in unresolved NNPC audit queries covering 2017 to 2023. Get the details here. Read More: https://punchng.com/senate-summons-ex-nnpc-boss-kyari-over-n210tn-audit-queries/

The Nigerian Senate has summoned former NNPCL CEO Mele Kyari and other ex-bosses to account for an alleged N210 trillion expenditure, demanding answers for unaccounted funds.

Less than 24 hours after Dangote Petroleum Refinery & Petrochemicals raised the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N100 per litre, its partner retail outlet, MRS Oil Nigeria Plc, and NNPC Limited have increased their pump prices by a similar margin. The post Dangote’s partner station MRS, NNPC raise petrol price by N100/litre appeared first on Vanguard News.

The Nigerian National Petroleum Company Limited (NNPCL) has pledged support for a Mini-LNG and LCNG project being developed by Portland Gas Limited in Gwagwalada, Abuja, and will supply gas to the facility.

The Abuja Electricity Distribution Company (AEDC) announced plans for a bilateral power supply agreement with NNPC Limited to enhance electricity supply in Nigeria's Federal Capital Territory.

A US court has sentenced Mr. Okoronkwo, a former General Manager of the Upstream Division of the NNPC, to 87 months in prison over a $2.1 million oil bribery scandal.

Read today’s Nigeria news recap. Top stories include Tinubu’s oil order affecting NNPC, PDP challenging FCT poll results, and new jail terms for INEC offic Read More: https://punchng.com/morning-recap-tinubu-oil-order-rattles-nnpc-pdp-heads-to-court-over-fct-poll-inec-officials-risk-jail-and-other-top-stories/