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THE Nigerian National Petroleum Company (NNPC) Limited ignored its cash challenges to duadruple expenditure on entertainment to N30.34 billion in 2024. The national oil company also spent nearly N700 billion as professional and consultancy fees over the year. According to the national oil company’s 2024 financial statement, the expenditure on entertainment rose from N7.439 billion […]
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Dangote Petroleum Refinery says petrol buyers will now pay in dollars from Sunday, September 28, urging customers with ongoing naira-based transactions to formally request refunds. In an email signed by the Group Commercial Operations of Dangote Petroleum Refinery & Petrochemicals, entitled ‘Suspension of DPRP PMS Naira Sales – Effective 28th September 2025,’ Dangote said it […]
THE Economic and Financial Crimes Commission (EFCC) grilled the former Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, on Wednesday afternoon, over multi-billion controversial contracts, including a near $3 billion refinery outlay, during his tenure. He is not the only ex-NNPC chief that has been quizzed. Nearly all the […]