Business
Abuja Residents Lament As NNPCL Shuts Stations Over Logistics Issues
Residents of the Federal Capital Territory have been left stranded and grappling with fuel shortages following the sudden closure of several retail outlets owned by the Nigerian National Petroleum Corporation Limited (NNPCL) within the capital city.
It was gathered that the stations closed for some days, were allegedly ordered by the management of the national oil firm and will continue till next week.
The closures, attributed to logistical challenges, have led to long queues at remaining stations, with many motorists and commuters facing hours of delays.
At multiple stations visited by The PUNCH, such as those in Lugbe, Airport Road, Zone 3, Lifecamp, and Kubwa, motorists were turned away while attendants sat idly.
READ ALSO: Reps To Investigate NNPC’s $2.26bn Debt
An attendant at an NNPC station in Garki, who preferred to remain anonymous, stated, “We’ve been dry for two days now. There is simply no product to sell. We are awaiting directives from our suppliers.”
Another attendant in Kubwa, identified as Peter, said they have been selling previous petrol stocks and haven’t received fresh products due to the challenge.
“We finished our old stock yesterday. We only do not have products for today. We are expecting supplies and will definitely have them by tomorrow. But we have gas available for sale today,” he said.
A station manager at the NNPC Life Camp station, who confirmed the challenge and the directive by the NNPCL management, said the closure was due to some internal adjustments that affected all stations.
READ ALSO: NNPCL Reduces Fuel Price
The manager, who declined to give his name, stated, “The reason why there has been no fuel in most of our stations in Abuja here in recent weeks is due to some internal adjustments/programmes being done at the management level.
“But there’s no cause for alarm as it is being settled, and a few NNPC stations have started getting fuel and selling to customers. Very soon, between now and next week, hopefully, we are supposed to have fuel here as well. The price still stands at 965 naira per litre.”
It was gathered that the impact of this decision was not immediately felt because its mega stations are still in operation, selling old stock to customers.
This development caught many residents off-guard as fuel availability in the capital city rapidly diminished.
Efforts to reach the NNPCL spokesperson, Femi Soneye, on the reasons for the closure, were futile as the spokesperson didn’t respond to messages sent to his line.
READ ALSO: Dangote Refinery In Court Seeking Annulment Of Import Licences To NNPCL, Others
However, a source within the company confirmed that the closure of the stations was due to unanticipated “logistical issues.”.
“We have product in all our depots, but we had some logistics challenges.”
Residents have expressed frustration over the situation, with long lines forming at the few operational stations.
A driver who spoke to our correspondent said the situation has forced motorists to patronise independent marketers who sell at a higher rate.
“I am disappointed with how this situation is being handled. Now I have no choice but to patronise independent marketers who sell at a higher rate.”
Business
Naira Continues Gain Against US Dollar As Nigeria’s Foreign Reserves Climb To $45.57bn
The Naira appreciated further against the United States Dollar at the official foreign exchange market, beginning the week on a good note.
Central Bank of Nigeria data showed that the Naira strengthened on Monday to N1,429.31 per dollar, up from N1,430.85 exchanged on Friday, 2 January 2026.
This means that the Naira gained N1.56 against the dollar on Monday when compared to N1,430.85 last week Friday.
READ ALSO:Naira Records Significant Appreciation Against US Dollar
At the black market, the Naira dropped by N5 to N1480 per dollar on Monday, down from N1475 traded Friday.
The development comes as the country’s external reserves rose to $45.57 billion as of Friday last week.
Business
NNPCL Reduces Fuel Price Again
The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its premium motor spirit price.
In Abuja, on Monday morning, it was gathered that NNPCL retail outlets have reduced their fuel price to N815 per liter, down from N835.
This means that the NNPCL filling stations cut their price by N20.
The fresh price has been implemented at NNPCL filling stations in Wuse Zone 6 and 4 Abuja, Keffi-Abuja Road, and Kubwa Expressway.
READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries
An NNPCL filling station attendant, who preferred anonymity, told DAILY POST that the new price was implemented on Sunday evening.
However, the N815 per liter is N79 higher than the N739 per liter sold at Dangote Refinery’s backed MRS filling stations nationwide.
DAILY POST recalls that NNPCL on December 19, 2025, cut its price of petrol by N80 to N835 amid a price war among players in the country’s oil downstream sector triggered by Dangote Refinery’s gantry price reduction to N699 per liter.
Business
NNPCL Announces Restoration Of Escravos-Lagos Pipeline
The Nigerian National Petroleum Company Limited (NNPCL) has announced the complete restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State, following the recent explosion on the asset.
The chief corporate communications officer (CCCO) of the nation’s oil company, Andy Odeh, in a statement, said that the pipeline is fully operational, reiterating the company’s resilience and commitment to energy security.
“NNPC Limited is pleased to announce the successful restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State.
READ ALSO:Fuel Price Cut: NNPCL GCEO Ojulari Reveals Biggest Beneficiaries
“Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned.
“Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security. This achievement was made possible through the unwavering support of our host communities, the guidance of regulators, the vigilance of security agencies, and the dedication of our partners and staff.
“Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.
“As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets. Thank you for your trust as we continue to power progress for Nigeria and beyond,” the statement read.
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