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NNPCL’s early retirement scheme draws over 70% staff to exit door
Early retirement scheme introduced by the Nigerian National Petroleum Company Limited (NNPCL) has now seen an unexpected wave of acceptance, as over 70 per cent of the company’s staff have applied for retirement. The retirement initiative, structured under the Accelerated Exit…
NNPCL reports revenue growth of N4.97tn in April
State-owned energy company, Nigerian National Petroleum Company Limited (NNPCL) has declared a significant increase in revenue for April 2026, generating N4.971 trillion, according to the latest monthly operational report of the firm released, Monday. According to NNPCL the figure represents a…
Dangote drags FG to court over fresh petrol import licenses
Barely days after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) resumed the issuance of petrol import licences to petroleum marketers, the Dangote Refinery has dragged the federal government to court over what it termed ‘policy inconsistency.’ It would be…
NNPCL, NUPRC remit over N322bn, $116.9m To Federation Account in two months
Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted more than N322 billion and $116.9 million into the Federation Account within two months following the implementation of Executive Order 9. According to documents presented…
Breaking! NNPC increases fuel price to N555 per liter
Despite speculations that the fuel price increase announced by President Bola Tinubu on Monday will take time to be worked out, the Nigerian National Petroleum Company (NNPC) Limited has on Wednesday morning instructed all marketers to adjust retail prices for…
Industry surprised at NNPC’s expatriate hire
Sopuruchi Onwuka Questions are rising in the nation’s petroleum industry over the decision by the Nigerian National Petroleum Company (NNPC) Limited hire an expatriate into a crucial management position in one of its most crucial revenue yielding trading affiliates. The…
