Defining the African Energy Narrative.
The Nigerian National Petroleum Company Limited (NNPC Ltd) and partners in Oil Mining Lease (OML) 118 have signed agreements to advance the Bonga South West/Aparo (BSWAp) deepwater project towards Final Investment Decision (FID). The agreements were signed on Monday by NNPC and the OML 118 contractor parties, comprising Shell Nigeria Exploration and Production Company Limited […]
The Nigerian National Petroleum Company (NNPC) Limited has reported a 15.8% increase in profit after tax (PAT) to ₦535 billion in June 2026, up from ₦462 billion recorded in May. The performance, disclosed in the company’s latest monthly financial and operational report, reflects improved earnings despite a slight decline in crude oil production. The figures […]
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over the slow pace of reductions in petrol prices despite the recent decline in global crude oil prices, warning that it will sanction operators found to be exploiting consumers. In a statement issued on Sunday, the commission said its ongoing surveillance of Nigeria’s downstream […]
Nigeria’s Dangote Petroleum Refinery has imported its first-ever crude oil cargoes from the United Arab Emirates, marking a significant shift in its sourcing strategy as it seeks to secure more reliable feedstock supplies amid persistent domestic crude shortages. According to a report by S&P Global Commodity Insights, the 700,000-barrels-per-day refinery recently purchased two cargoes of […]
Dangote Petroleum Refinery filed the lawsuit in April against Nigeria’s attorney general, challenging fuel import licences issued or renewed by the NMDPRA to marketers and NNPC.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has criticised the lawsuit filed by the Dangote Petroleum Refinery seeking to revoke fuel import licences issued by the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The association warned that the legal action could destabilise Nigeria’s downstream petroleum sector, disrupt […]
Nigeria’s latest attempt to revive its long-troubled refineries in a partnership with two Chinese companies has been met with deep skepticism from critics and energy experts. The state-owned energy company Nigerian National Petroleum Company Limited (NNPCL) recently signed a Memorandum of Understanding with Hong Kong-listed Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation […]
The Nigerian National Petroleum Company (NNPC) Limited has announced that some power generation companies may experience reduced gas supply following a planned four-day maintenance exercise by Seplat Energy Plc. In a statement issued on Thursday by NNPC spokesperson, Andy Odeh, the national oil company disclosed that Seplat, a key gas supplier into the NNPC Gas […]
On Wednesday, 4 February, Bayo Ojulari, group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, reopened a sensitive fault line in Nigeria’s energy sector as he spoke on the uneasy coexistence of private efficiency and public failure in domestic refining. Speaking during a Fireside Chat on Securing Nigeria’s Energy Future at the […]
