The Latest Breaking News from NNPC

Nigeria approves $4.5bn refinancing of state-owned oil company

Nigeria has approved a new $4.5 billion loan to replace a 2023 loan of $3.3 billion.

Radio France Internationale · Aug 5

Shortages Hit Nigeria's Drive Towards Natural Gas-fuelled Cars

Motorists in Nigerian cities are spending hours, or even days, queuing for natural gas to power their cars after the government promoted its use as an alternative fuel.

International Business Times · Jun 19, 2025

Nigerian President Sacks Board Of State Oil Company

President Bola Tinubu dismissed the entire leadership of Nigeria's state-run oil company Wednesday, naming a former Shell executive to lead the outfit in a sweeping overhaul that one commentator described as "long overdue".

International Business Times · Apr 2, 2025

Nigerian petrol prices reach record high after subsidy removal

The removal in May has triggered skyrocketing fuel prices in Africa’s largest oil producer.

Al Jazeera · Jul 18, 2023

A necessary ‘sacrifice’: Nigeria ends almost 50 years of fuel subsidies

More than two weeks after announcing the end of fuel subsidies dating from the 1970s, Nigeria's new President Bola Tinubu called the move a necessary "sacrifice" and promised Nigerians "massive" investment in public services in return.

France 24 · Jun 14, 2023

Nigeria's NNPC says it will end monopoly on petrol supplies -local TV

Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television on Thursday, a day after it nearly tripled prices at its fuel stations countrywide.

Reuters · Jun 1, 2023

Nigeria’s NNPC, Norway’s Golar sign MoU on floating gas plant

Africa’s biggest oil producer holds some of the world’s biggest gas reserves and is seeking investment in the sector.

Al Jazeera · Apr 27, 2023

Churches, mosques house stolen Nigerian fuel in pervasive oil theft, says NNPC head

Every section of Nigerian society is complicit in the theft of millions of barrels, the head of state oil company NNPC Ltd said on Tuesday, adding that make-shift pipelines and stolen fuel had even been found in churches and mosques.

Reuters · Aug 30, 2022

Mixed reactions as Nigeria’s state oil firm goes private

For years, the oil firm has been plagued with financial transparency issues. Analysts say going commercial could fix it.

Al Jazeera · Jul 22, 2022

OPEC secretary-general is dead, Nigerian officials announce

Nigerian authorities have announced that the Secretary-General of the Organization of Petroleum Exporting Countries has died

The Independent UK · Jul 6, 2022