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Dangote, Ojulari Affirm Strategic Partnership to Expand Refinery Operations

President of the Dangote Group, Aliko Dangote, and the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bayo Ojulari, on Saturday reaffirmed their commitment to deepening collaboration to strengthen operations at the Dangote Refinery, expand its capacity, and enhance Nigeria’s energy security. The commitment followed a tour of the […]

NNPC Shuts Refineries Over Heavy Losses, Poor Commercial Viability — Ojulari

The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC Ltd.), Engr. Bayo Ojulari, has explained why operations at the country’s government-owned refineries were suspended. Nigeria has four refineries — two in Port Harcourt, and one each in Warri and Kaduna — with a combined installed capacity of 445,000 barrels per day […]

Nigeria Eyes Overhaul of NNPC to Revive Production

The Federal Government is considering a restructuring of asset ownership in the Nigerian National Petroleum Company Limited (NNPCL) to address Nigeria’s dwindling crude oil production. Special Adviser to the President on Energy, Ms. Olu Verheijen, disclosed this on Monday at the ongoing Nigerian Association of Petroleum Explorationists (NAPE) Conference in Lagos. She emphasised that achieving […]

Nigeria Considers Refinery Privatisation to Revive Oil Sector

The Federal Government is considering the sale of Nigeria’s state-owned refineries as part of ongoing economic reforms aimed at attracting investors, boosting competition, and improving efficiency in the downstream oil sector. Nigeria’s four refineries, located in Port Harcourt, Warri, and Kaduna, have a combined installed capacity of 445,000 barrels per day but have remained largely […]

NNPCL Blames Cooking Gas Scarcity, Price Surge on PENGASSAN Strike Disruptions

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has attributed the recent scarcity and price surge of cooking gas to disruptions caused by the strike action of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Ojulari said the industrial action, which halted loading operations for […]

Nigeria’s Oil Production Set to Hit 1.8 Million Barrels Daily Before December — NNPCL Boss

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari, has expressed confidence that the nation’s crude oil production will rise to 1.8 million barrels per day before the end of the year. Ojulari gave the assurance on Sunday after visiting President Bola Tinubu in Lagos. He said his […]

“Under Attack but Unshaken”: How Ojulari Plans to Defend NNPCL’s Transformation

  The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bayo Ojulari, has said the company is under attack from forces opposed to its ongoing transformation agenda. Ojulari disclosed this on Thursday while hosting the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) at the […]

From 30% to 100%: How Nigeria is Beating Oil Theft, Ojulari Tells African Defence Chiefs

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bashir Ojulari, has warned that international and continental criminal syndicates are exploiting security gaps to steal crude oil across Africa. Ojulari made the remarks at the opening of the Africa Chiefs of Defence Staff Conference in Abuja on Monday, stressing that crude […]

Court Freezes Four Bank Accounts Linked to Ex-NNPCL GMD Kyari

The Federal High Court in Abuja has ordered the temporary freezing of four Jaiz Bank accounts linked to the immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, over allegations of fraud. Justice Emeka Nwite issued the order on Tuesday after counsel for the Economic and Financial […]

Refinery Not For Sale – Why NNPC Says Selling Would Be a Strategic Mistake

The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculation about the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing the facility’s rehabilitation and retaining it as a national asset. Group Chief Executive Officer of NNPC, Bayo Ojulari, made this clarification during a company-wide town hall at the NNPC Towers in […]

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