NNPC

Temporary Gas Supply Dip as Seplat Begins Maintenance, NNPC Assures Minimal Power Impact

February 12, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited has assured Nigerians of minimal impact on electricity supply as Seplat Energy Plc begins scheduled routine maintenance on its gas production facilities. The maintenance, which commenced today, February...

After $18bn Rehab, NNPC Admits Nigeria’s Four Refineries Ran At Monumental Loss

February 04, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited has admitted that Nigeria’s four state-owned refineries operated at a monumental loss despite about $18 billion spent on their rehabilitation, a development that informed the decision to shut...

SERAP Sues NNPC Over Alleged Failure To Account For N22.3bn Oil Funds

February 01, (THEWILL) — The Socio-Economic Rights and Accountability Project (SERAP) has instituted a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over its alleged failure to account for missing or diverted oil revenues amounting to N22.3 billion,...

Awodi-07: NNPC, Chevron Records Fresh Oil Exploration Success In Niger Delta

January 26, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) and Chevron Nigeria Limited (CNL), have recorded a major exploration breakthrough with the successful completion of the Awodi-07 appraisal and exploration well in the shallow offshore...

NNPC Targets $30bn Upstream Investment With New Oil Field Developments

January 01, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to develop new oil fields as part of a broader strategy to attract $30 billion in upstream investment by 2030. The initiative is aimed...

Kano NNPP Chairman Hashimu Dungurawa Rejects Expulsion, Says Action Unconstitutional

December 31, (THEWILL) — Alhaji Hashimu Suleiman Dungurawa, the Chairman of the New Nigeria People's Party (NNPP) in Kano State, has rejected his expulsion from the party, describing it as "a child's play." Dungurawa, while addressing journalists in Kano...

NNPC Considers Partial Asset Sales To Investors — Report

December 30, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPC) has opened discussions to divest minority stakes in select oil and gas assets as part of efforts to optimise its portfolio and attract fresh investment, according to...

Tinubu Eases Federation Account Burden For NNPC, Cancels $1.42bn, ₦5.57trn Legacy Debt

December 29, (THEWILL) — President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company (NNPC) Limited outstanding debts owed to the Federation Account, effectively writing off approximately $1.42 billion and ₦5.57 trillion...

NNPC E&P Limited Sets New Production Record, Hits 355,000 bpd — Highest Since 1989

December 09, (THEWILL) — NNPC E&P Limited (NEPL), the upstream exploration and production subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has set a new production record, hitting 355,000 barrels of oil per day on December 1, 2025. A...

NNPC’s N5.4tn Earnings Spark Investor Optimism, Signal Major Upside for Nigerian Capital Markets — CEAR

December 02, (THEWILL) — The Centre for Economic Accountability and Rescue (CEAR) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd.) for posting an impressive N5.4 trillion profit for 2024, describing it as one of the clearest indicators...
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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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