NNPC
Coverage of NNPC in the Nexus archive.
- NNPC Profit Falls 35% to About US$1.7 Billion in First Half
NNPC's profit after tax fell 35.4% to N2.28 trillion in the first half of 2026, equivalent to about US$1.7 billion, with remittances to Nigeria's Federation Account also decreasing.
- NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June
NNPC recorded a ₦535 billion profit after tax and produced 1.72 million barrels of crude oil and condensate daily in June 2026, according to its monthly report.
- Seplat sells 10% JV stake to NNPC for $281.6m (₦384.38 billion)
Seplat sold a 10% joint venture stake to NNPC for $281.6 million (₦384.38 billion) as disclosed in a corporate filing with the Nigerian Exchange. The transaction was announced in a post on Premium Times Nigeria.
- Ecowas backs $25B Nigeria-Morocco gas link
Ecowas approved a $25 billion pipeline to transport natural gas from Nigeria to Morocco through 13 West African countries, aiming to boost regional gas exports. The project, led by Nigeria and Morocco, will deliver 30 billion cubic meters of gas annually, with half destined for European markets.
- NNPC profit falls to ₦462 billion despite higher oil production in May
NNPC Limited reported a profit after tax of ₦462 billion in May 2026, a decline from April despite achieving its highest crude oil and condensate production in a year, along with improved gas output and stronger pipeline availability.
- Nigeria: Govt Lauds Lee Engineering, NNPC, Others for Keeping to Timelines On ELPS Project
The Nigerian government praised Lee Engineering, NNPC, and others for adhering to timelines on the ELPS project. Ekpo highlighted a compressor's role in increasing gas pressure for power generation and industrial use.
- EXCLUSIVE: Refinery Maintenance Fraud: EFCC recovers ₦38.66 billion, other properties
The EFCC has recovered ₦38.66 billion and other properties in a refinery maintenance fraud case. The agency is preparing to prosecute officials and contractors over alleged abuse of office, money laundering, and contract fraud.
- Oshiomhole alleges Akpabio’s daughter got NNPC job without due process
Mr. Oshiomhole alleged that Senate President Godswill Akpabio’s daughter secured an NNPC job outside normal recruitment procedures. The claim revives controversy around the Senate’s probe into alleged financial discrepancies in the state oil company.
- Senate panel threatens arrest warrant against Ex-NNPC MD, Mele Kyari over “missing” N210trn
The Senate panel has threatened to issue an arrest warrant against Ex-NNPC MD Mele Kyari for failing to respond to invitations to explain a ₦210 trillion discrepancy in Auditor-General of the Federation reports from 2017 to 2023.