Recent events
Recent events tied to this brand in public sources.
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2026
NNPC raises petrol price to ₦1,405 per litre
NNPC increased its petrol pump price from ₦1,370 to ₦1,405 per litre at its filling stations in Nigeria. The report says the increase took effect on Friday, the day after the company announced the adjustment.
2026
Tinubu approves Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026
President Bola Tinubu approved a new framework governing foreign investment in Nigeria's deep offshore oil and gas fields, replacing project-by-project negotiations with uniform eligibility criteria. The framework, given effect through the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, is expected to attract up to $50bn in fresh investment and enable NNPC Limited to amend eligible Production Sharing Contracts, starting with Shell's roughly $10bn Bonga South West project.
2022
NNPC secures $5 billion financing commitment from Afreximbank
Nigeria's NNPC secured a $5 billion corporate finance commitment from Afreximbank for investments in Nigeria's upstream sector. Afreximbank agreed to act as finance adviser and fundraiser for the amount and separately committed to underwrite $1 billion as part of a forward-sales trade-finance transaction.
2022
Shell appeals Nigerian oil-spill judgment
Shell appealed a Nigerian judgment awarding community members 800 billion naira over alleged pipeline pollution. The judgment found that a pipeline operated by Shell spilled crude oil that damaged land and waterways; Shell and its joint-venture partner denied that spills occurred on the alleged dates.
2021
Nigerian court overturns Shell lease-renewal ruling
Nigeria's court of appeals overturned a 2019 ruling that had granted Shell Petroleum Development Co. the right to renew its operating license for the Oil Mineral Lease 11 field; the rights were to transfer to the state-owned Nigerian National Petroleum Corp. Shell said it was disappointed and filed an appeal.
2020
PPMC raises petrol ex-depot price
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, increased the ex-depot price of petrol from N147.67 to N155.17 per litre; the memo said the new price would take effect Friday.
2020
Explosion at Gbetiokun facility kills seven
An explosion occurred at the Gbetiokun facility, operated by the Nigerian Petroleum Development Company on behalf of the NPDC/Elcrest Joint Venture, killing seven people. NNPC reported that a detailed investigation into the cause had started.
2020
NNPC unveils COVID-19 contact-tracing application
NNPC unveiled a technology application to facilitate contact tracing for people infected with COVID-19. The article reported that the solution was ready for deployment and would cover NNPC locations.
2020
NNPC reduces ex-depot petrol price
NNPC announced a reduction in the ex-depot price of Premium Motor Spirit from N113.28 per litre to N108.00 per litre across its product loading facilities.