NNPC

Business

NNPC’s Oil Security Receivables Hit N11.2tn

Ogochukwu Onwaeze, THEWILL -
The disclosure highlights the substantial financial obligations associated with protecting oil and gas infrastructure against crude oil theft, pipeline vandalism and other disruptions, even as NNPC reported higher production and a 33 percent increase in profit after tax.
News

NNPC Rakes In ₦7.2trn Profit, Declares ₦5.8trn Dividend As Oil Production Hits 5-Year High

Felix Ifijeh, THEWILL -
The Nigerian National Petroleum Company (NNPC) Limited has recorded a profit after tax of ₦7.2 trillion for the financial year ended December 31, 2025, representing a 33 percent increase from the ₦5.4 trillion posted in 2024.
Headline

NNPCL’s N211tn Riddle: Beyond the Headlines, Where are the Answers?

Ogochukwu Onwaeze, THEWILL -
The latest controversy centres on N107 trillion in receivables and N103 trillion in payables or accrued expenses in NNPC Ltd.’s audited financial statements for the 2023 financial year.
Business

$800m Ima Gas FID Signals New Investment Wave in Nigeria’s Upstream Sector – NNPC

Felix Ifijeh, THEWILL -
NNPC Limited has welcomed the $800 million Final Investment Decision on the Ima Gas Project, describing the development as a major vote of confidence in Nigeria’s upstream gas sector. The Ima project, operated by TotalEnergies in partnership with...
News

Seplat Energy Eye Programme Targets 6,000 Akwa Ibom Residents, Restores Sight

Udeme Utip, THEWILL -
The NNPC Exploration and Production Limited (NEPL)/Seplat Energy Joint Venture has launched a free week-long eye-care programme targeting more than 6,000 residents in Uyo, Eket and Ibeno, Akwa Ibom State.
Business

NNPC Still Weighing Partners To Revive Warri, Port Harcourt Refineries

Ogochukwu Onwaeze, THEWILL -
The latest position comes amid renewed pressure from petroleum marketers for the Federal Government and NNPC Ltd to accelerate efforts to return the government-owned refineries to production.
Business

PETROAN Urges FG to Revive Idle Refineries as Fuel Prices Rise

Ogochukwu Onwaeze, THEWILL -
Joseph Obele, National Public Relations Officer of PETROAN, made the call in a statement on Thursday, arguing that increased domestic refining would strengthen supply and reduce Nigeria’s dependence on imported petroleum products.
Business

NNPC Sets 600Tcf Gas Reserve Target as Nigeria Pursues Global Hub Status

Ogochukwu Onwaeze, THEWILL -
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is pursuing multiple pathways to transform Nigeria into a global gas hub, with plans to more than double the country’s proven gas reserves over the longer term.
Business

NNPC To Roll Out 70 Smart Self-Service Stations Nationwide

Ogochukwu Onwaeze, THEWILL -
Mumuni Dagazau, Executive Vice President, Downstream, NNPC Limited, disclosed this on Thursday in Abuja during the commissioning of a technology-driven service station with electric vehicle charging facilities on Bill Clinton Drive, Airport Road.
Business

OB3 Ready for First Gas as AKK Pipeline Hits 95 Percent – NNPC

Ogochukwu Onwaeze, THEWILL -
The Nigerian National Petroleum Company Limited has said the Obiafu-Obrikom-Oben (OB3) gas pipeline is ready for first gas, marking a major milestone in the development of Nigeria’s gas transmission infrastructure.
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NewsFelix Ifijeh, THEWILL -

Italy-Bound Businessman Intercepted With Cocaine Consignments In Shoe Soles, Bag Railings

Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a Milan-bound businessman with 4.80 kilograms of cocaine concealed in the soles of shoes and the railings of travelling bags at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.
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