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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 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.
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.
The Nigerian House of Representatives has rescinded its earlier state police bill and adopted President Bola Tinubu's version for consideration.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.
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.
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 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.
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.
Reports indicate that communities have been left stranded after terrorists destroyed police stations, highlighting ongoing security challenges in the region.
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.
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 Federal Government, state governors, and major corporations including Dangote and NNPCL have committed N65 billion to establish a national food bank.
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 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.
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 Nigerian Senate has issued summons for former heads of the Nigerian National Petroleum Company Limited (NNPCL) to account for an alleged N210 trillion.
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 Nigerian Senate Committee on Public Accounts has given NNPCL, CBN, and other agencies a 72-hour ultimatum to respond to unresolved audit queries.
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.
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.
A Northern group has publicly defended Nigerian President Tinubu against allegations of ethnic bias in NNPCL recruitment and operations, dismissing the claims.
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.
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.
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'.
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.
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.
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.
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 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.
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).
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.
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.
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 has summoned former NNPCL CEO Mele Kyari and other ex-bosses to account for an alleged N210 trillion expenditure, demanding answers for unaccounted funds.
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...
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 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.
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.
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 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 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.
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.
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 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.
Nigeria's NNPCL has increased crude oil prices across various grades, sparking fears of an oil glut in the market.
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 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.
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.
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 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…
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 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.
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/