The Nigerian National Petroleum Company Limited (NNPCL) has failed to remit N13.763 trillion in revenue to the Federation Account, according to a document from the Federal Accounts Allocation Committee (FAAC) obtained after its January 2025 meeting. The withheld funds span from 2012 to 2024, raising concerns over discrepancies between NNPCL’s crude oil sales revenue and…
The Nigerian National Petroleum Company Limited (NNPCL) has reportedly ended its role as the exclusive buyer of Premium Motor Spirit (petrol) from the Dangote Refinery, according to a report from Premium Times. With this move, petroleum marketers will now have to source petrol directly from Dangote Refinery, bypassing the NNPCL. Efforts by DAILY POST to…
Petrol prices in some Nigerian National Petroleum Company Limited (NNPCL) filling stations in Abuja surged from N537/litre to N617/litre on Tuesday, leaving independent oil marketers to confirm the increase and indicating a potential rise in the pump price of Premium Motor Spirit (PMS). The NNPCL remains a major importer of petrol in Nigeria, and any…
Popular Nigerian singer, Asa’s performance at the transitioning of the Nigerian National Petroleum Company Limited, NNPC LTD to NNPC Limited has set off sparks of controversy online. The name change for the NNPC was pertinent to the Petroleum Industry Act. ASA performed her hit song ‘Fire on The Mountain’ in front of President Muhammadu Buhari…
