Nigeria’s crude oil export earnings dropped sharply by N3.18 trillion in the first half of 2025 despite a rise in production levels, new data from the National Bureau of Statistics …
EconomyGovernment PolicyNigeriaOil & GasTrade
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NNPCL
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BusinessEconomyEnergyInternational RelationsNigeriaOil & Gas
Petrobras Eyes Return to Nigeria’s Oil Sector with Focus on Deepwater Opportunities
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that Petrobras, Brazil’s state-owned oil firm, is exploring new opportunities in Nigeria’s upstream oil and gas sector, with particular focus on …
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Community DevelopmentEconomyEnvironmentNigeriaOil & GasSecurity
NNPCL to Expand Tantita Security’s Pipeline Surveillance Across Niger Delta
A concerned citizen, Mr. Prezugha Ezon, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to extend the pipeline surveillance contract of Tantita Security Services …
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African PoliticsEnergyGOVERNMENTInfrastructurePoliticsPublic SafetyTransportation
Umahi Dismisses Crack on Coastal Highway, Says N3tn Needed to Complete Road Projects
The Minister of Works, David Umahi, has cleared the air on a crack that appeared on the Lagos-Calabar Coastal Highway, saying it is not a structural failure and should not …
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EconomyFinance & ServicesNigeriaOil & GasPolitics
Senate Demands NNPCL Account for N210 Trillion Flagged in 2017–2023 Audit Report
The Nigerian Senate has declared that the Nigerian National Petroleum Company Limited (NNPCL) is yet to account for a staggering N210 trillion flagged in the audit report of federal ministries, …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …
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EconomyFinance & ServicesGOVERNMENTOil & Gas
Senate Gives NNPCL One Week to Explain N210tn Financial Discrepancy
The Senate of the Federal Republic of Nigeria has given the Nigerian National Petroleum Company Limited (NNPCL) a one-week ultimatum to provide clear explanations for alleged discrepancies amounting to over …
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EconomyEnergyGOVERNMENTInfrastructurePolitics
Host Communities Protest Planned Shutdown of Port Harcourt Refinery Amid NNPC Maintenance Plans
The Port Harcourt Refining Company (PHRC), a key facility in Nigeria’s oil sector, is reportedly set to undergo a 30-day maintenance exercise. While the Nigerian National Petroleum Company Limited (NNPCL) …
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EconomyEnergyGOVERNMENTINVESTMENTLeadershipNigeriaOil & Gas
Tinubu Charges New NNPC Board to Drive Economic Transformation, Boost Oil Output
President Bola Ahmed Tinubu has tasked the newly inaugurated board of the Nigerian National Petroleum Company Limited (NNPCL) with the critical responsibility of using their industry experience and expertise to …
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BusinessBusiness InsightsEastern AfricaEconomyEnergyNigeriaNorth AfricaOil & GasSouth AfricaTransportation & LogisiticsWestern Africa
Petrol Price Rises 76.73% in One Year, Now N1,239/Litre – NBS
The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
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