Senate Warns Revenue Agencies Over Breach of Remittance Laws
By Anayo Akwitti The Senate on Wednesday threatened to invoke its constitutional powers against more than 30 federal revenue-generating agencies and government-owned enterprises over alleged violations of statutory revenue remittance laws and refusal to honour invitations to appear before its Committee on Finance. The warning followed a point of order raised during plenary by the […]
NNPC Seals $20bn in Gas Deals Within a Year
By Mardiyyah Abubakar The Nigerian National Petroleum Company (NNPC) Limited says it signed gas sale and purchase agreements worth more than $20 billion in the past year and cut operating costs by $3.4 billion through reforms and contract optimisation. Group Chief Executive Officer Bayo Ojulari disclosed this on Tuesday at the 25th NOG Energy Week […]
NNPCL Remits N2.888Tr to Federation Account, Profit Jumps By 102%
By Zainab Bakare The Nigerian National Petroleum Company Limited (NNPCL) has announced a total remittance of N2.888 trillion to the Federation Account between January and March 2026, underscoring strong financial performance in the first quarter of the year. According to its Monthly Report Summary for March 2026, the national oil company recorded a profit after […]
NNPC Must Account for N210tn by April 29 – Senate
By Anayo Akwitti The Nigerian Senate has given the management of the Nigerian National Petroleum Company Limited NNPCL, until April 29, 2026, to appear before its Public Accounts Committee to explain an alleged N210 trillion unaccounted for in audit reports spanning 2017 to 2023. The committee directed the Group Chief Executive Officer, Bayo Ojulari, to […]
NNPC Calls on Investors to Unlock Nigeria’s Gas Potentia
By Arinzechi Chukwunonso The Chairman of NNPC Ltd, Engineer Ahmadu Kida, has urged local and international investors to join Nigeria in unlocking the nation’s vast gas potential, describing natural gas as a key driver for industrial and economic transformation. Engineer Kida made the call during the official unveiling of the NNPC Gas Master Plan 2026 […]