NNPC

NNPC Revenue Drops By ₦636bn In May Despite Steady Oil Output

July 2 (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦636 billion decline in revenue in May despite maintaining stable crude oil and gas production during the month. The national oil company disclosed this in its latest...

Concern Grows Over NNPCL’s Latest Refinery Revamp Plan

May 17, (THEWILL) — The recent declaration by the Nigerian National Petroleum Company Limited (NNPCL) regarding its new agreement with Chinese companies to restore two of the country's long-neglected refineries has raised concerns among stakeholders and the general public. The...

Again, NNPC Moves To Revive Warri, Port Harcourt Refineries, Seals Deal With Chinese Firms

May 05, (THEWILL) — Nigeria’s renewed push to restore its domestic refining capacity has once again, gained momentum, as NNPC Limited signed a fresh Memorandum of Understanding (MoU) with two Chinese firms to finally revive and expand the country’s...

NNPC Records Historic Breakthrough as OB3 Gas Pipeline Crosses River Niger

April 30, (THEWILL) — Nigeria’s drive towards energy security and industrial expansion received a major boost on Thursday as the Nigerian National Petroleum Company (NNPC) Limited, announced the successful completion of the technically challenging River Niger Crossing on...

We’re Not Selling Refinery Equipment, Components – NNPC Cautions Public Against Fraudsters

April 24, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited, has dismissed reports alleging that it is selling refinery equipment, components, or scrap materials, warning members of the public to beware of fraudsters exploiting such claims. In a...

NNPC Eyes IPO, Targets Listings in New York and London

March 30, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to list the national oil company on major international stock exchanges as part of reforms aimed at transforming it into a globally competitive...

NNPC Eyes Additional 100,000bpd As Nigeria Targets 1.8mbpd Crude Output In 2026

March 24, (THEWILL) — Nigeria could raise its crude oil production by an additional 100,000 barrels per day (bpd) in the coming months as efforts to ramp up capacity begin to yield results, according to the Group Chief...

NNPC Secures Presidential Approval to Unlock $20bn Bonga Southwest Deepwater Project

March 10, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited, has secured presidential approval for a targeted fiscal incentive designed to unlock the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, a...

NNPC Revenue Drops to ₦2.57trn in January 2026

March 09, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in revenue in January 2026, with earnings falling to ₦2.57 trillion from ₦4.82 trillion reported in December 2025, according to the company’s latest...

Nigeria’s NNPC Sustains Profit Streak with $4.2 Billion 2025 Earnings

February 13, (THEWILL) — Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), reported a profit after tax of 5.76 trillion naira ($4.26 billion) for the full year 2025, underlining strong financial performance amid ongoing volatility...
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Latest News

OPEC+ Extends Output Pause Into November at 31.01m bpd

The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has kept oil production levels unchanged for November 2026, maintaining combined required output of 31.01 million barrels per day for seven participating countries.
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