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ADC Demands Probe Into NNPC’s N17.5tn Energy Security Spending, Seeks Full Disclosure

The African Democratic Congress (ADC) has called on the Federal Government to explain what it described as a sharp increase in spending on pipeline surveillance and energy security, following the release of the Nigerian National Petroleum Company Limited (NNPC Ltd.) audited financial statements for 2024. In a statement issued on Monday by its National Publicity […]

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NNPCL Cuts Petrol Price by N75 Per Litre Following Dangote Refinery Reduction

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, by N75 per litre, a week after Dangote Refinery lowered its ex-depot price. A market survey conducted on Tuesday revealed that NNPCL retail outlets in Abuja and surrounding areas are now selling petrol at […]

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Tinubu Government Defends Executive Order on NNPC Revenue Remittance

The Federal Government under President Bola Ahmed Tinubu has defended its decision to compel the Nigerian National Petroleum Company Limited (NNPC) to remit all eligible revenues directly into the Federation Account, insisting the move is constitutional and does not amount to executive lawmaking. In a statement issued on Monday and signed by Tanimu Yakubu, Director-General […]

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  • February 23, 2026
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SERAP Sues NNPCL Over Alleged Diversion of ₦22.3bn, $49.7m, £14.3m, €5.2m

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), demanding accountability for allegedly missing or diverted oil revenues amounting to ₦22.3 billion, $49.7 million, £14.3 million, and €5.2 million. The suit follows findings contained in the 2022 audited report of the Auditor-General of the Federation, […]

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