Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing N825bn and $2.5bn meant for ‘refinery rehabilitation’ and other oil revenues.”

The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of ₦1.054 trillion for the month of May 2025, marking a significant 40.37 percent increase from the ₦748 billion posted in April.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has uncovered an emerging coordinated sabotage campaign being waged by a syndicate of known and faceless actors, within and outside the organisation.

Nigerian national oil company, NNPC Limited on Thursday reported that it raked in N5.89 trillion in revenues in the month of April, 2025.

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing N500 billion, which the NNPCL failed to remit to the Federation Account between October 2024 and December 2024.”

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Bayo Bashir Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) Limited “to account for and explain the whereabouts of the missing N500 billion, which the NNPCL failed to remit to the Federation Account, between October 2024 and December 2024, as revealed by the World Bank.”

Mr Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), said this in an interview with the News Agency of Nigeria (NAN) at the Africa Energy Forum (AEF) in Houston, Texas, U.S.

The Economic and Financial Crimes Commission (EFCC) is intensifying its investigation into alleged financial mismanagement at the Nigerian National Petroleum Company Limited (NNPCL), focusing on approximately $2.96 billion allocated for refinery repairs.

By Bayo Wahab The Energy Justice Forum (EJF), a coalition of energy rights activists, has warned the new leadership of the Nigerian National Petroleum Company Limited (NNPCL) against what it called “the dubious, dollar-chasing reforms” of the former GCEO, Mele Kyari. According to the EJF, it would be a fatal mistake for the new NNPCL […]

The suit marked FHC/ABJ/CS/1324/2024 seeks to nullify the licenses the Nigeria Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued to enable the NNPCL and other marketers, to import refined petroleum products into the country.

The Conference of Energy & Finance Consultants (CEFC) has called on Nigeria’s major oil regulatory agencies to support the smooth operation of local refineries.

The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to not just fueling vehicles but also driving national development through impactful social initiatives and improved energy accessibility.

It is time for the Nigerian National Petroleum Company Limited to hit the capital Market.

We see the ongoing controversy over the refined products of the Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery, DR, as a celebration of the full restoration of petroleum products refining capacity to the Nigerian domestic market after decades of dependence on importation. In August 2024, Dangote Refinery, the 650,000 barrels per day largest […]

Residents of communities in Omoku Clan, Ogba-Egbema-Ndoni Local Government Area of Rivers State, have taken legal action against the Nigerian National Petroleum Company Limited (NNPCL), Oando, Nigeria Agip Oil Company (NAOC), and the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) over alleged non-compliance with the Petroleum Industry Act (PIA).