Browsing Tag
NNPCL
20 posts
NNPCL Reports N535 Billion Profit and N4.4 Trillion Revenue for June 2026
NNPCL recorded a profit after tax of N535 billion in June 2026 on revenues of N4.389 trillion, alongside updates on gas production and key infrastructure projects.
Seplat Energy Divests 10% Stake in NNPCL Joint Venture for $281.6 Million
Seplat Energy is selling a 10% stake in its NNPCL joint venture for $281.6 million to fund debt reduction and increase shareholder returns.
SERAP Takes Legal Action Against NNPCL Over Unexplained ₦211 Trillion Oil Revenue
SERAP has sued the NNPCL, demanding transparency regarding ₦211 trillion in unidentified financial entries found in the company's 2023 audited report.
Questions Surround N17.5 Trillion NNPCL Receivables Amid Subsidy Removal
Former NACCIMA President Dele Oye argues that the N17.5 trillion in NNPCL receivables acts as a disguised fuel subsidy, calling for a forensic audit to ensure transparency.
NNPCL Raises Petrol Costs Again Within 48 Hours
The NNPCL has hiked its petrol prices for the second time in two days, moving the rate to N1,335 per litre amid ongoing volatility in the oil market.
Senate moves to force NNPCL, CBN, and other agencies to account for missing revenue
The Senate is taking legislative action to force various government agencies, including the NNPCL and CBN, to explain failures in remitting revenue to the Consolidated Revenue Fund.
International Oil Costs Climb Nearly 4 Percent Following Middle East Escalations
Global oil prices jumped nearly 4 percent as Middle East tensions threaten key shipping routes, leading to significant fuel price increases in Nigeria.
NNPCL Raises Petrol Pump Price by N115
The NNPCL has hiked petrol prices by N115 per litre in Abuja, marking the second increase by marketers in less than a week.
Fuel Costs Climb as Abuja Filling Stations Shut Down Amid Pricing Turmoil
Abuja experiences fuel shortages and price hikes as marketers struggle with dollar-denominated product sales and unresolved crude supply disputes following the Dangote Refinery's policy shift.
Fuel prices climb at various Nigerian retail outlets
Several Nigerian petrol stations have raised their fuel prices by up to N50 per litre, even as other retailers maintain current rates following shifts in ex-depot costs.