Monday, February 16, 2026
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Tag: BAYO OJULARI

NNPC Ltd. Debt: FG Forgave Interest, Not Principal, Officials Say 

Fresh details have emerged that challenge the widespread belief that the Federal Government recently wiped out the Nigerian National Petroleum Company...

NNPC Limited: Early Signals from the Kida–Ojulari Era 

As a non-executive chairman with decades of industry experience, Engr. Kida’s influence lies less in operational detail and more in direction-setting and discipline. The reconstituted board signals a renewed emphasis on corporate governance, professionalism and alignment with the spirit of the PIA, that NNPC Limited should operate as a business, not a government department. 

NNPC Limited Posts Record ₦5.4 Trillion Profit as New Management Pushes Bold Strategic Agenda 

The company reported total revenue of ₦45.1 trillion, a performance the GMD described as “a defining milestone in the history of our new company” and a strong validation of the corporation’s current strategic direction. 

Amending the PIA is Not in the Best Interest of the Nigerian Oil Industry 

The shift of power to MOFI, a government-controlled entity, increases the risk of political influence over NNPCL’s operations. Modern oil companies thrive when operational and strategic decisions are insulated from shifting political priorities. Excessive state intervention can lead to short-termism, policy reversals, or decisions influenced by political expediency rather than sound commercial reasoning. 

NNPC Chairman Denies Fake News Report of Arrest and Forced Resignation 

Engineer Kida, who is also the president of the Nigeria Basketball Federation (NBBF) and currently in Abidjan, Cote D'Ivoire with the D’Tigress said “I am here in Abidjan with my girls who have qualified for the Afrobasket finals.” He concluded his remarks by calling on the general public to be vigilant against the spread of fake news and to support efforts aimed at national development. “At this critical time for our industry and country, unity and truth must prevail over rumor and falsehood.” 

NNPCL Reports Full Operational Availability on Major Crude Oil Pipelines 

Ojulari stated that crude oil pipelines in the nation became fully operational in June 2025 for the first time in a long period. He explained that this achievement, facilitated by industry-wide security measures led by NNPCL, contributed to an increase in crude oil production. 

NNPC Limited Cautions Against Impersonation by Fraudulent Representatives 

The Nigerian National Petroleum Company Limited (NNPCL) has informed the general public about individuals and companies that are falsely claiming to represent the organization. These impostors are reportedly requesting fees for arranging meetings with NNPC’s board of directors, executives, and management staff. 

NNPCL Lowers Petrol Price by ₦15 

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS) from ₦910 to ₦895 per liter, reflecting a ₦15 reduction. 

NNPCL Chairman Kida: Time Needed to Repair Nigeria’s Oil Sector. 

“Our task is huge. But we are deeply honored to be part of the very select few called upon by the President to reform the oil sector. One thing we can assure you is that we will always tell Nigerians the truth, irrespective of how bitter it will be. We will walk our talk with personal integrity and openness,” Kida said.

President Tinubu Inaugurates the New NNPCL (Technical) Board 

“When I started searching, it took a while to come up with the kind of character that you represent. You represent the best in the industry, and I have set goals for you. You have the reputation, resourcefulness and experience to help the country. It is a call to duty for you. I believe you are among the best the industry can offer.”

Dangote: We Wouldn’t Have Attempted the Refinery if we Knew the Magnitude 

“Honestly, if we had fully understood the magnitude and challenges involved, we may not have even attempted it, but it is because we didn’t know what we were into initially and the courage, or maybe, naivety that got us this far,” Dangote said. 

NNPCL to Continue Oil Projects in the North 

NNPC will continue oil drilling in the Kolmani field and will continue the work on the AKK gas pipeline from Ajaokuta to Kaduna to Kano.