BUSINESS

NNPC rule out sale of PH refinery

Daily Dispatch July 30, 2025

The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo

BUSINESS

NNPCL Boss Bayo Ojulari Appeals to Senate for More Time to Probe ₦210 Trillion Financial Discrepancy

Daily Dispatch July 30, 2025

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has requested additional time from the Senate to investigate and clarify financial inconsistencies amounting to ₦210 trillion. Ojulari made the appeal on Monday, July 29, during his appearance before the Senate Committee on Public Accounts. He asked for a […]

NEWS

NNPC Spokesman Resigns

Daily Dispatch June 21, 2025

Olufemi Soneye , the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited says he’s left his role in the National Oil company. The development was captured in a Facebook post he authored on Saturday June 21,2025. The post on his Facebook page about his resignation: “I wish to inform you that I […]

BUSINESS

NNPC Ltd to temporarily shut down Port Harcourt refinery for maintenance and assessment

Daily Dispatch May 24, 2025

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the temporary shutdown of the Port Harcourt Refining Company (PHRC) to carry out scheduled maintenance and a sustainability assessment. This was revealed in a press statement issued on Saturday by Olufemi Soneye, the company’s Chief Corporate Communications Officer. According to the statement, the

BUSINESS

NNPC, Dangote strengthen strategic partnership

Daily Dispatch May 9, 2025

…Reaffirm Commitment to Healthy Competition Towards National Prosperity As part of ongoing efforts to promote mutually beneficial partnerships and foster healthy competition, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery & Petrochemicals (DPRP) have pledged to deepen collaboration aimed at ensuring Nigeria’s energy security

BUSINESS

Price of petrol will keep going down- Bismarck Rewane

Daily Dispatch March 4, 2025

Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, has forecasted that the price of premium motor spirit, commonly known as petrol, will keep decreasing until June 2025.Both Dangote Refinery and the Nigeria National Petroluem Company Limited (NNPCL) have crashed the cost of the essential commodity in recent weeks, easing the pressure on millions