BUSINESS

Indonesia Eyes Nigerian Oil, Gas Assets as NNPC Deepens Energy Partnership

Daily Dispatch September 7, 2026

Indonesia has expressed interest in investing in Nigerian oil and gas assets and securing long-term crude oil supply arrangements as both countries move to deepen cooperation in the energy sector. The Indonesian delegation, led by the country’s Vice Minister of Foreign Affairs, H.E. Arif Havas

BUSINESS

2,145kg Cannabis: NNPC Disowns Drug-Laden Tanker

Daily Dispatch September 7, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has denied ownership of a fuel tanker intercepted by the National Drug Law Enforcement Agency (NDLEA) in Ondo State with 2,145 kilogrammes of cannabis concealed in a secret compartment. The 20,000-litre tanker, with registration number MKA 960 XC, was intercepted along the Akoko/Lokoja Expressway on Friday,

BUSINESS

Bonga Southwest/Aparo Project: NNPC, Partners Sign Agreements to Unlock $21bn Deepwater Investment

Daily Dispatch August 24, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd) and the contractor parties to OML 118 have signed key agreements to advance the $15 billion-$21 billion Bonga Southwest/Aparo (BSWAp) deepwater project towards Final Investment Decision (FID). The agreements, comprising an Addendum to the OML 118 Production Sharing Contract (PSC) and an Addendum to the Dispute

BUSINESS

Deep Offshore Incentive Order to Accelerate Investment, Production Growth — Ojulari

Daily Dispatch August 13, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing the policy as a major reform capable of attracting fresh investments and boosting Nigeria’s crude oil production. The NNPC Group Chief Executive Officer, Engr. Bashir Bayo

BUSINESS

NNPC Defends Ojulari’s Leadership, Says Crude Oil Production Grew 6%

Daily Dispatch August 8, 2026

The Nigerian National Petroleum Company Limited (NNPC Ltd) has defended the performance of its management under Group Chief Executive Officer, Engr. Bayo Ojulari, dismissing recent criticism over the company’s performance in the recently concluded oil licensing round. The company said recent media comments attributed to the Oil and Gas Professionals Forum (OGPF), which

BUSINESS

NNPC Records N535bn Profit After Tax for June ‘26

Daily Dispatch July 31, 2026

NNPC Limited recorded ₦535 billion profit after tax for the month of June representing 15.8% increase from the ₦462bn in recorded in May. This figure is contained in the company’s monthly financial and operations report for the month of June 2026. Total revenue for the month stood at ₦4,389 billion, while cumulative statutory payments to […]