The World Bank has raised red flags over the Nigerian National Petroleum Company Limited (NNPCL) for failing to remit half of the revenue generated from the removal of the petrol subsidy in 2024. According to its latest Nigeria Development Update (NDU), the NNPCL only remitted ₦600 billion out of a total ₦1.1 trillion in earnings
In a significant leadership overhaul at the Nigerian National Petroleum Company Limited (NNPCL), the managing directors of the Port Harcourt, Warri, and Kaduna refineries have been dismissed. This move follows the recent appointment of Bayo Ojulari as the new Group Chief Executive Officer (GCEO) of NNPCL. He succeeds Mele Kyari, who was relieved of his
Members of the NNPC Staff Cooperative Multipurpose Society are calling for urgent intervention amid growing concerns about financial mismanagement, illegal interference, and disregard for court orders within their organization. The controversy revolves around an alleged N806 million discrepancy in the cooperative’s 2022 financial records. Despite ongoing demands from members, the Management Committee has reportedly failed
