The Senate on Tuesday said the Nigerian National Petroleum Company Limited has requested additional time to defend 19 audit queries covering over N210trn in unaccounted funds from its 2017–2023 financial statements. The revelation came from the Senate Committee on Public Accounts, which had in July given NNPCL’s Chief Executive Officer, Engineer Bayo Ojulari, three weeks […]
The Nigerian National Petroleum Company (NNPC) Limited got N1.06 trillion from production sharing contract (PSC) profit oil between January and August 2025, according to the firm’s Federation Account Allocation Committee (FAAC) report. The FAAC report showed that the NNPC did not remit any dividend to the federation account during the period, despite a projected N2.16 […]
Bayo Ojulari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the company is facing attacks from individuals opposed to ongoing transformation efforts. Ojulari spoke on Thursday in Abuja when he received a delegation from the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), led by Festus Osifo, […]
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has denied reports (not by Channels Television) that he forced the Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, to resign. In a statement on Wednesday by EFCC spokesman Dele Oyewale, Olukoyede faulted a report by an online […]
The Nigerian National Petroleum Company Limited (NNPCL) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Ojulari, announced this during a town hall on Tuesday at the NNPCL Towers, Abuja. […]
President Bola Tinubu on Thursday urged the new Nigerian National Petroleum Company Limited (NNPCL) board to consolidate the gains of the ongoing economic reforms. The President, according to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, made the call at the inauguration of the NNPC Limited Board at the State […]
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