Petrol depot prices surged to ₦1,900 per litre in Port Harcourt, while diesel hit the same level in Warri. The increases come as Brent crude rises to $104.50 per barrel, despite lower petrol prices at some Lagos filling stations.
NNPC Limited has posted a 33 percent rise in 2025 profit after tax to N7.2 trillion, as crude output hit a five-year high of 1.77 million barrels per day.
NNPC and its partners have advanced the proposed Bonga Southwest/Aparo project, estimated to attract up to $21 billion in investment, following the signing of key agreements.
The Senate Public Accounts Committee has issued a 48-hour ultimatum to Seplat Energy and three other oil companies over queries contained in NEITI audit reports.
The Senate Committee on Public Accounts has ordered the arrest of former NNPCL chief Mele Kyari after he failed to appear before lawmakers investigating allegations surrounding N210 trillion in questioned financial records between 2017 and 2023.
