Reps Dismiss Money Laundering Petition Against NNPCL Executive
By Oluwakemi Kindness The House of Representatives Committee on Petroleum Resources (Downstream) on Monday dismissed a petition alleging money laundering and conflict of interest against the Nigerian National Petroleum Company Limited (NNPCL) Executive Vice President, Downstream, Dr. Mumuni Dangazau, citing insufficient evidence. The committee’s chairman, Ikenga Imo Ugochinyere, disclosed this on Monday, following an investigation […]
Senate Rejects NMDPRA’s Petrol Import Records, Summons Agency Heads
By Anayo Akwitti The Senate Committee on Public Accounts has rejected the petroleum importation records presented by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for 2022 and 2023 over wide discrepancies with figures supplied by the Nigerian National Petroleum Company Limited (NNPCL). The committee consequently resolved to summon the heads of NMDPRA, NNPCL […]
Nigeria’s Crude Oil Production Rises To 1.8m bpd — NNPCL
By Mardiyyah Abubakar Nigeria’s crude oil production has risen to 1.821 million barrels per day (bpd), including condensates, the Nigerian National Petroleum Company Limited (NNPCL) said on Thursday. NNPCL Group Chief Executive Officer, Bayo Ojulari, disclosed this at the 2026 Association of Energy Correspondents of Nigeria (NAEC) Conference in Lagos. Speaking on Ojulari’s behalf, NNPCL […]
Reps to Probe NNPCL, INEC Over ₦802.19bn Audit Queries
By Oluwakemi Kindness The House of Representatives Public Accounts Committee will question officials of the Nigerian National Petroleum Company Limited and the Independent National Electoral Commission over audit queries involving more than N802.19bn. The committee is scheduled to question the agencies on Tuesday, October 6, as part of its review of reports by the Auditor-General […]
Finance Ministry Blames NNPCL Over $3bn Loan, NLNG Funds
By Anayo Akwitti The Federal Ministry of Finance has blamed the Nigerian National Petroleum Company Limited (NNPCL) and other agencies for its inability to fully account for billions of dollars and other financial transactions flagged in the 2021–2023 Oil and Gas Sector Audit Reports by the Nigeria Extractive Industries Transparency Initiative (NEITI). Permanent Secretary of […]
Reps Open Probe into Alleged ₦5.3tn CBN Revenue Gaps
By Oluwakemi kindness The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant General of the Federation (OAGF) to submit details of unremitted operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other […]
NNPCL Chairman Kida Congratulates Tinubu on APC Primary Win
By Arinzechi Chukwunonso The Chairman of the Nigerian National Petroleum Company Limited (NNPCL), Ahmadu Musa Kida, has congratulated President Bola Tinubu on his victory at the presidential primary election of the All Progressives Congress (APC). In a congratulatory message, Engr. Kida describes the President’s emergence as the APC presidential candidate as a clear reflection of […]
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 […]
Senate Grills NNPCL Chiefs Over Unaccounted N210trn
By Anayo Akwitti Nigeria’s Senate Committee on Public Accounts has intensified its probe into the Nigerian National Petroleum Company Limited (NNPCL), summoning top officials over an alleged unaccounted N210 trillion flagged in audit reports spanning 2017 to 2023. At a tense session on Wednesday, the committee—chaired by Aliyu Wadada Ahmed—warned that it would issue a […]
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 […]