The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has refuted recent allegations claiming that a company was improperly awarded oil blocks just days after its incorporation during the 2024 Oil Block Licensing Round. Komolafe in response to a report suggesting that the NUPRC had violated its guidelines by …
The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall meeting on Tuesday at …
Dangote Petroleum Refinery and Petrochemicals FZE has notified the Federal High Court Abuja of its discontinuance of its N100 billion import licence lawsuit against Nigerian National Petroleum Company Limited (NNPCL) and others. The notice of discontinuance dated July 28, 2025, was filed by the refinery’s lawyer, George Ibrahim SAN, Nairametrics reports. “TAKE NOTICE that the …
By Sunday Michael Ogwu Nigeria’s oil industry has experienced remarkable fluctuations over the past five years, impacted by both global events and internal challenges. From the disruptive effects of the COVID-19 pandemic in 2020 to the resurgence in 2024, the trajectory of Nigeria’s oil production offers an insightful reflection of not only domestic operational capabilities …
By Sunday Michael Ogwu Given the 575.5 million barrels produced throughout 2024, Nigeria’s oil industry could have generated an estimated $46.04 billion in revenue from crude oil sales in 2024. According to the most recent reconciled production data for the year by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Nigeria, one of the top oil …
The Senate has summoned NNPCL’s Group CEO, Bayo Ojulari, to explain why the company has yet to account for N210 trillion flagged in the Auditor-General's 2017–2023 report. Senator Aliyu Wadada, Chair of the Public Accounts Committee, said the Senate is not accusing NNPCL of theft but demanding transparency in line with its oversight mandate. "We …
By Sunday Michael Ogwu The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a major milestone in the ongoing Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, with the successful crossing of the River Niger—a key engineering challenge that signals steady progress toward project completion by the fourth quarter of 2025. Group Chief Executive Officer of NNPC …
By Ubong Usoro & Rafiyat Sadiq Former federal lawmaker and elder statesman, Senator Ben Birabi, has openly criticised the federal government’s approach to restarting oil production in Ogoniland, accusing authorities of disrespecting the region’s history, culture, and institutions. Speaking during an appearance on Arise Morning Show, Birabi, who once represented Rivers South-East in the Nigerian …
By Sunday Michael Ogwu The Dangote Oil Refinery will in August begin direct supply of fuel to retail stations, manufacturers, telecoms firms, and other large users across Nigeria The move which is aimed at enhancing supply, will puts the biggest fuel refinery in Africa in direct competition with local petroleum marketers. Africa's biggest refinery …
