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BREAKING: Nigerian Petroleum Company NNPC Denies Sabotaging Dangote Refinery, Says Refineries Must Secure Supply Source And Market

5 months ago925 min

  The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.   Kyari, who was addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Industry at the National Assembly on Wednesday, stated that the refining business is a straightforward business which any...

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BREAKING: President Tinubu Orders Petroleum Company, NNPC To Sell Crude To Dangote Refinery In Naira

5 months ago874 min

This was announced by the Special Adviser to the President on Information and Publicity, Bayo Onanuga on X, explaining the order is aimed at achieving stability of the pump price of refined fuel and the dollar-Naira exchange rate.   President Bola Tinubu has given an executive order to the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming indigenous refineries in Naira, the country’s currency.     This was...

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Data Shows Nigeria’s Fuel Imports From Malta Jumped 43 Times In 10 Years Amid NNPC Economic Sabotage Allegations By Dangote

5 months ago1214 min

Following Aliko Dangote’s allegations of illegal activities in the petroleum sector, involving blending plants in Malta, data shows that Nigeria’s oil imports from Malta have skyrocketed in recent times.   According to Trade Map, a global trade statistics database, the value of Nigeria’s petroleum imports from Malta increased by 43 times over the past decade, rising from $47.5 million in 2013 to $2.08 billion in 2023.   This represents a staggering 342% increase, with Nigeria...

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Media Group, JODER Demands Judicial Probe Of Alleged Corruption In NNPC, World Bank Operations In Nigeria

5 months ago926 min

A pro-democracy group, the Journalists for Democratic Rights, (JODER) has asked President Bola Tinubu to immediately set up an independent Judicial Panel of Enquiry to probe the allegations of high level corruption in the Nigerian National Petroleum Corporation Ltd, (NNPC) and the World Bank operations in Nigeria.  The Minister for Women Affairs, Uju Kennedy-Ohanenye had revealed that Nigerian World Bank officials take 40% from all loans obtained by Nigeria.  She had also revealed that some...

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BREAKING: NNPC CEO, Mele Kyari Challenges Aliko Dangote To Name Government Workers Behind Fuel Plant In Malta

5 months ago1206 min

  Mele Kyari, the group chief executive officer (GCEO) of the Nigeria National Petroleum Company (NNPC) Limited, has challenged billionaire businessman, Aliko Dangote, to reveal the identities of NNPC workers accused of establishing a blending plant in Malta.  In a statement he issued via his social media platforms, Kyari maintained that he does not own a blending plant in Malta nor did he know any of his colleagues doing so.  SaharaReporters had reported how Aliko...

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Nigeria’s Oil Company NNPC Spent N7.3Billion On Entertainment In 16 Months

5 months ago824 min

A review of financial statements of the Nigerian National Petroleum Company Limited has shown that its subsidiaries posted short term debts to the tune of N83 billion in 2022. According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that of Hyson Nigeria limited was N15 million.  The West Africa LPG...

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Africa’s Richest Man Aliko Dangote Offers To Sell 650,000 BPD Refinery To Nigeria’s NNPC Amid Monopoly Allegations

5 months ago928 min

Aliko Dangote, Africa’s wealthiest individual, is considering a sale of his oil refinery to the Nigerian National Petroleum Company Limited (NNPCL). The refinery, which has a capacity of 650,000 barrels per day and has been operational since last year, has faced challenges in securing crude oil supplies from international producers. This development comes as Dangote navigates a dispute with a key equity partner and ongoing regulatory issues in Nigeria. Dangote has expressed his commitment to...

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