Group Chief Executive Officer of the Dangote Refinery, Bayo Ojulari, on Saturday, paid a courtesy visit to the Dangote Petroleum Refinery, revealing that the plant has exceeded its projected capacity of 650,000 barrels per day. Ojulari hailed the President of the Dangote Group, Alhaji Aliko Dangote, for his leadership vision and inspiration in building the …
President/Chief Executive, Dangote Industries Limited, Alhaji Aliko Dangote, hosted Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPC), Engr Bashir Bayo Ojulari, and other top executives of the national oil firm at the Dangote Petroleum Refinery and Petrochemicals on Saturday, February 21, 2026. Here are photos: The visit follows the announcement by …
Professor Wumi Iledare, a renowned expert in petroleum economics and Professor Emeritus at Louisiana State University, has reacted to President Bola Tinubu’s Executive Order 9 of 2026, directing the restructuring of oil and gas revenue remittances to the Federation Account. The order signed by President Tinubu on February 13 but announced on February 18, 2026, …
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has kicked against President Bola Tinubu's recent Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account. The union warns that the directive is a “direct attack” on the Petroleum Industry Act (PIA) and could lead to significant …
Economists, industry experts and public finance analysts have hailed President Bola Tinubu’s latest executive order stripping the Nigerian National Petroleum Company Limited (NNPC) of the power to retain portions of oil and gas revenues before they reach the Federation Account. They said the order would help to strengthen revenue remittance compliance and enhance transparency, adding …
In a major move to centralise national earnings, President Bola Tinubu has signed an Executive Order that effectively strips the Nigerian National Petroleum Company Limited (NNPC) of the power to withhold significant portions of oil and gas revenues before they reach the Federation Account. The Executive Order, signed on February 13, and officially gazetted and …
The Nigeria National Petroleum Company Limited (NNPC) has declared that it generated ₦60.517 trillion in revenue and ₦5.76 trillion as profit after tax in 2025. The national oil firm made this known in the NNPC Limited Monthly Report Summary for December 2025, released on Thursday, February 12. According to the report, crude oil and condensate …
The Nigerian National Petroleum Company Limited (NNPCL) has alerted that there may be a drop in electricity generation across the country as Seplat Energy Plc, its joint venture partner, will shut down its gas production facilities for four days for routine maintenance. NNPCL said the shutdown, which will take place from 12th to 15th February …
Group Chief Executive Officer, Nigeria National Petroleum Company (NNPC) Limited, Bayo Ojulari, has stated that the Company is currently in talks with competent technical partners to revive the state-owned refineries. Ojulari said the focus of the NNPC management is on building sustainable and profitable refineries. He stated this during a fireside chat themed “Securing Nigeria’s …
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has reiterated the central role of natural gas in powering Africa's industrial and economic rebirth. Ojulari stated that given Nigeria’s abundance of gas resources (209 trillion cubic feet of proven gas reserves), it has a responsibility to lead the continent out …
