Mr Oni noted that improved local refining capacity would ultimately help stabilise fuel supply and moderate prices over time.
Mr Ene-Ita explained that under a deregulated framework, petroleum product prices respond to prevailing market conditions.
The conflict in the Middle East has led to the shutdown of some refineries and a cut in refinery production across the world.
The South-South Governors’ Forum has described President Bola Tinubu’s executive order on oil revenue remittances as historic and far-reaching.
The Nigerian National Petroleum Company Limited reported revenue of N60.5 trillion and profit after tax of N5.76 trillion for the 2025 financial year.
NNPC says Africa’s energy transition must be equitable and people-centred, noting that more than 600 million Africans still lack access to electricity.
NNPCL has reaffirmed its commitment to peace, dialogue, and responsible energy development in Ogoniland.
Mr Kida said this at a leadership panel session at the ongoing Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi, United Arab Emirates.
NNPC has opposed the bill to establish the National Commission for the Decommissioning of Oil and Gas Installations 2024.
Recall that the FHC ‘s vacation, which commenced on July 28, ended on September 16.
