Nigerian National Petroleum Company Limited (NNPCL)

Nigerian Senate Rejects NNPCL’s ₦210T Defense, Demands Refund

Nigerian Senate: Demand Refund Of ₦210 Trillion From NNPCL

November 14, 2025 4:57 pm

Nigerian Senate rejects NNPCL explanations over ₦210 trillion unaccounted funds, citing illegal subsidies and lack of transparency in operations.

Nigeria’s Senate has rejected explanations offered by the Nigerian National Petroleum Company Limited (NNPCL) regarding an unaccounted ₦210 trillion in its financial records, insisting the funds be refunded to the Federation Account. The decision comes after months of investigation by the Senate Committee on Public Accounts.

The committee’s scrutiny, covering NNPCL operations between 2017 and 2023, identified ₦103 trillion in accrued expenses and ₦107 trillion in receivables in the company’s audited financial statements. The figures prompted repeated queries from the panel, …

PENGASSAN Dissolves Gas Branch Over Dangote Shutdown Failure

PENGASSAN Dissolves Branch Over Dangote Shutdown Failure

October 9, 2025 8:29 pm

PENGASSAN has removed NGIC and NGML executives for non-compliance when instructed to fully halt gas flow to Dangote refinery during nationwide strike.

Nigeria’s powerful oil workers’ union, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has dissolved two of its branch executive councils for failing to completely shut off gas supply to the Dangote refinery during last month’s nationwide strike.

The branches affected are the Nigeria Gas Infrastructure Company Ltd (NGIC) and NNPC Gas Marketing Limited (NGML), both subsidiaries of the Nigerian National Petroleum Company Limited (NNPCL).

According to an internal report obtained, the union’s national leadership

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PENGASSAN Strike Slashes Nigeria’s Oil Output By 200,000bpd

October 9, 2025 5:39 pm

PENGASSAN strike disrupted oil, gas and power supply nationwide, however NNPCL CEO Bayo Ojulari assures Nigerians that production has now stabilized.

Nigeria’s oil production dropped by more than 200,000 barrels per day during last week’s strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the head of the state oil firm has said.

Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), disclosed the figures after briefing President Bola Tinubu in Lagos on Sunday night about the impact of the industrial action and ongoing reforms in the energy sector.

Ojulari said …