From Secrecy to Openness: Why 2025 Actually Meant Something for NNPCL

In 2025, NNPCL didn’t become perfect—it became more honest. After years of secrecy, the company began opening its books, stabilizing production, and making tougher, commercially driven choices. Profits grew, gas projects advanced, and fuel prices became less chaotic. For once, Nigerians weren’t asked for blind trust, but given data to examine.

Reps Summon Dangote Refinery, NMDPRA Over Downstream Sector Tensions

Abuja — The House of Representatives Joint Committee on Petroleum Resources has invited the Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to an emergency meeting following a dispute that threatens stability in Nigeria’s downstream petroleum sector. Chairman of the committee, Ikenga Ugochinyere, disclosed this after an emergency meeting held in Abuja on Monday, warning that escalating tensions between key industry players could undermine recent gains achieved in fuel supply, pricing, and regulation. Ugochinyere said the committee’s intervention had become necessary as Nigeria continues efforts to stabilise the petroleum market in the post-fuel subsidy era. “We are guarding the hard-won stability in the downstream sector. Sustainable solutions require that we identify and address the critical issues, which is why we have invited the leadership of Dangote Refinery and the NMDPRA,” he said. The lawmaker explained that the renewed tension followed concerns and allegations raised by Africa’s richest man, Alhaji Aliko Dangote, against the petroleum regulator. He noted that several petitions submitted to the committee relate to the issuance of import licences and questions surrounding the capacity of domestic refineries to meet Nigeria’s daily petroleum consumption. According to Ugochinyere, the committee will comprehensively examine all outstanding matters when both the refinery and regulatory authorities appear before lawmakers. He stressed that resolving the disagreement is critical to maintaining investor confidence and ensuring uninterrupted fuel supply amid ongoing reforms in Nigeria’s oil and gas sector.

Kaduna Refinery Ready By Q4 2024, Lokpobiri Assures

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited, KRPC, will be back on stream by the end of 2024. The Minister disclosed this during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the Refinery in Kaduna on Saturday. A statement signed by the NNPC Limited management on its official X handle, formerly Twitter, Lokpobiri said he is confident that the refinery will be restreamed by the end of 2024, considering the “significant level of progress” he has witnessed on the tour. The Minister, who observed that he would continue to hold key players involved in the rehabilitation process of the nation’s refineries accountable, also pledged Federal Government support in ensuring the timely delivery of the project. According to the Minister, there is an urgent need to get the refinery back on stream for the nation’s economic prosperity and energy security, which are both paths to sustainable development.  Speaking earlier, Group Chief Executive Officer of NNPC Ltd., Mele Kyari, reassured the minister that the fuel plant at the refinery will be delivered by the end of 2024. Kyari said that all hands are on deck to bring the refinery back on stream, stressing that the contractor has since mobilized to the site and the needed equipment for the quick-fix activities is already in place. “We are very confident that we will get the appropriate financing to get to the end of it, and ultimately, we will start to deliver value to Nigerians again. We plan the quick fix for 60,000 barrels per day so that we can start making money from this plant and we can continue the other part of the refinery to bring it up to its full-fledged capacity. This will also tally with the completion of the Build, Operate, and Transfer (BOT) on the pipeline so as to have a reliable pipeline delivery infrastructure,” the GCEO stated. The inspection tour, which was preceded by the 14th refineries rehabilitation steering committee meeting, also had in attendance NNPC Limited’s Executive Vice President, Downstream, Adedapo Segun; Executive Vice President, Upstream, Oritsemeyiwa Eyesan; Managing Directors of the three refineries; and a host of other members of the Committee.

Ikpokiri Free Trade Zone: OGFZA seeks partnership with Rivers govt 

The Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Y. Kaura has sought the collaboration of the Rivers State government to develop the Ikpokiri island, a green field. According to a statement by the Head of Corporate Communications of the agency, Golda Ukomadu Thursday in Abuja, Kaura made the appeal during a visit to Rivers State Governor, Sir, Siminalayi Fubara, at the Government House, Port Harcourt Wednesday. The OGFZA MD said According to Sen. Kaura, urged the Rivers government to partner with OGFZA towards the development of Ikpokiri Island as it is critical and beneficial to promote investment and economic development in order to create wealth and employment opportunities for Rivers State and Nigeria by extension.  He said “if the state government would take advantage of the area to support OGFZA in the development effort, Ikpokiri would become another modern city in the State”. He disclosed that foreign investors from Japan have already indicated interest in investing in the island. Ikpokiri was declared a free zone in 1996. The Governor assured the Authority of the State’s willingness to partner with it to develp the green field.