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NNPC Limited is Africa's largest national oil company and the sole entity licensed to operate across Nigeria's entire petroleum industry. Established in 1977 under General Olusegun Obasanjo's government, NNPC has been the cornerstone of Nigeria's energy economy for nearly five decades managing joint ventures with Shell, ExxonMobil, TotalEnergies, Chevron, and Eni, and overseeing a vertically integrated value chain that spans upstream exploration, midstream gas infrastructure, refining, and downstream distribution.
In July 2022, under the landmark Petroleum Industry Act (PIA) of 2021, NNPC was formally transformed from a state corporation into a fully commercial limited liability company marking a generational shift toward transparency, investor readiness, and commercial discipline. In 2024, the company recorded ₦45.1 trillion in revenue and ₦5.4 trillion in profit after tax, a 64% year-on-year increase, cementing its position as one of Africa's most significant commercial enterprises.
NNPC functions as a holding company for 13 subsidiary companies, two of which are partly privatised and responsible for marketing and sales. Its operations span upstream exploration and production, midstream gas processing and transmission, downstream refining and distribution, and a growing new energy division targeting renewables and low-carbon solutions.
Name
Incorporation Date
Address
VALUE CHAIN
Employees
NNPC's GCEO
Through real voices and on-the-ground insights, the documentary reveals how execution, infrastructure, and leadership are turning natural gas into a driver of energy security and industrial growth across Africa.
Our Team
GCEO
GCFO
Executive Vice President, Gas, Power & New Energy
Executive Vice President Upstream
Executive Vice President, Downstream
NNPC Limited's Vision
Bayo Ojulari
NNPC Founded
Incorporation & Gas Mandate NNPC is established, merging the Nigerian National Oil Corporation (NNOC) and the Ministry of Petroleum Resources. NNPC is granted a monopoly over gas transmission, laying the foundation for its role in the sector.
NNPC Establishes Nigerian Gas Company
Nigerian Gas Company (NGC) Established The Nigeria Gas Company Limited (NGC) is incorporated as a wholly owned subsidiary of NNPC on 25th June 1981, with responsibility for developing an efficient gas industry to serve domestic energy needs through a national integrated pipeline network.
NGC Commences Operations
NGC Commences Operations NGC commenced operations as a corporate body in 1988, following the establishment of additional subsidiary companies by NNPC in response to changing national economic conditions.
Eleme Refinery Begins Operations
Eleme Refinery & Petrochemicals Nigeria's fourth refinery, at Eleme, was commissioned in early 1989, providing the basis for the expansion of a petrochemicals and plastics industry during the 1990s.
Nigeria LNG Delivers First LNG Exports
Nigeria LNG First Exports The Nigeria LNG project saw NNPC hold 49% with international partners holding the rest. First exports from Bonny Island began in 1999, commercialising gas that was previously flared, creating a new revenue stream and reducing environmental damage.
Launch of the Nigerian Gas Master Plan
Nigerian Gas Master Plan The Federal Government launches the Nigerian Gas Master Plan, with NNPC at the centre of efforts to monetise Nigeria's vast gas reserves and supply the domestic market. GACN is established to facilitate implementation.
Launch of the Decade of Gas and Petroleum Industry Act
Decade of Gas & Petroleum Industry Act (PIA) The Petroleum Industry Act (PIA) introduced a landmark reform that transformed NNPC into a commercially driven limited liability company, NNPC Limited aimed at improving corporate governance and attracting private investment. President Buhari simultaneously declares Nigeria's "Decade of Gas."
Construction of the AKK Gas Pipeline
AKK Pipeline Construction The 614km Ajaokuta–Kaduna–Kano (AKK) gas pipeline, valued at $2.8 billion, is the first phase of the 1,300km Trans-Nigerian Gas Pipeline and a central part of Nigeria's master plan to utilise its gas resources for power generation and industrial development.
Completion of the OB3 River Niger Crossing
OB3 River Niger Crossing Completed NNPC completed the OB3 River Niger crossing, described by GCEO Bayo Ojulari as a defining milestone for Nigeria's gas infrastructure, unlocking a critical link to enhance gas supply reliability, deepen domestic utilisation, and support power generation and industrial growth.
AKK Pipeline Reaches First Gas Milestone
AKK First Gas & Production Targets The Ajaokuta–Gwagwalada segment of the AKK pipeline is projected for commissioning with first gas delivery expected by July 2026. NNPC has set ambitious production targets of 10 billion cubic feet per day by 2027 and 12 billion cubic feet per day by 2030, positioning gas as central to industrial revival and energy security.