10 articles tagged with “NNPC”
Nigerian National Petroleum Company Limited CEO Bashir Bayo Ojulari received the prestigious Fellowship of the Energy Institute as the state oil firm deepens collaboration with Dangote Refinery on port expansion and operational scaling.
President Bola Tinubu's recent executive orders on oil revenues and amendments to the Electoral Act have sparked contrasting responses from political stakeholders and industry groups, with PENGASSAN warning of potential job losses in the petroleum sector.
Dangote Refinery's managing director signals improved fuel supply capacity while the federal government implements NNPC revenue reforms, as industry stakeholders warn dialogue remains critical to sector stability.
President Bola Tinubu has signed an executive order eliminating multiple deductions from oil and gas revenue, targeting an estimated 30% of receipts currently withheld before remittance to the Federation Account.
President Bola Tinubu has signed an executive order requiring direct remittance of oil revenues to the Federation Account, removing NNPC's authority to collect and manage a 30% exploration fund while suspending gas flare penalties.
President Tinubu signs Executive Order requiring immediate transfer of petroleum revenues to central treasury, marking significant shift in Nigeria's oil revenue management framework.
Nigeria unveiled its Industrial Policy 2025 while confronting ₦8 trillion in annual revenue losses from concessions, as the government pursues trade expansion and energy infrastructure development to stabilize the economy.
Former presidential candidate Peter Obi has criticized plans to install solar power at Nigeria's Presidential Villa for N10 billion, arguing the investment signals government abandonment of the national electricity grid as scheduled maintenance threatens widespread power outages.
Nigeria's state oil company has signed a tripartite agreement with Chinese firms for gas infrastructure development, while international traders increasingly partner with indigenous operators amid improved regulatory environment.
Nigeria's state oil company posted record 2025 revenue of N60.5 trillion with N5.7 trillion profit, while Cross River State moves toward reinstatement as oil-producing territory, potentially reshaping federal revenue allocation.