NNPCL Rakes in ₦318 Billion for Frontier Oil Exploration as Revenue Concerns Mount
The Nigerian National Petroleum Company Limited (NNPCL) has secured ₦318.05 billion between January and August 2025 to fund frontier oil exploration across the country’s inland basins, raising fresh questions about transparency, sustainability, and the economic wisdom of such large deductions amid Nigeria’s deepening revenue crisis. The funding stems from a statutory 30% deduction from Production […]
EFCC GRILLS EX-NNPCL BOSS MELE KYARI AS REFINERY FUNDS PROBE DEEPENS
ABUJA, The anti-graft net is tightening around Nigeria’s oil sector as former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, faced hours of interrogation on Wednesday at the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja. Reliable EFCC sources also confirmed, as reported by Daily Trust, […]
