The social media space on Wednesday was well littered with pockets of outbursts to the ousting of Senator Ifeanyi Ararume as Chairman of the board of...
Hello, and welcome to the first Business Roundup in 2022. We bring you highlights of events that happened during the week -from the capital market to...
The Nigerian National Petroleum Corporation (NNPC) has reported a minor fire incident at the Port Harcourt Refinery on New Year’s Day. NNPC in a statement explained...
The Nigerian Investment Promotion Commission (NIPC) has detailed how it generated a total of N11.91 billion as Internally Generated Revenue (IGR) between January 2016 and June...
Nigeria in three months (August to October) has lost over N556 billion worth of oil revenue due to the shutdown of eight oil terminals. The shutdown were...
President Muhammadu Buhari has expressed his desire to see oil discovered in two Northeast states of Bauchi and Gombe According to him this will balance the...
President Muhammadu Buhari has, once again, begged Nigerians to be fair to his administration considering where the country was in 2015 when he assumed office and...
The Nigeria National Petroleum Corporation, NNPC has disclosed that only 17.4 percent of its N2.99 trillion revenue from January to November was paid into the federal...
The Federal Ministry of Works and Housing and the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) involving the sum of N621...
The Nigerian National Petroleum Company Limited (NNPC) has called on the citizenry to disregard the information making the rounds on social media that it is currently...
Nigeria’s oil rig count has decreased by 38 percent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of...
The Nigerian National Petroleum Company (NNPC) on Tuesday detailed its plans to ensure a reduction in the prices of cooking gas amidst concerns by the populace...
The Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of N141.96 billion in the month of June 2021. This is a significant growth...
The Nigeria National Petroleum Corporation (NNPC) found it difficult to get buyers for Nigerian oil produced in the month of September depriving the government of much-needed...
The Nigerian National Petroleum Corporation (NNPC) at the weekend insisted on the removal of fuel subsidy in the country. The NNPC Group Managing Director, Mele Kyari,...
President Muhammadu Buhari, as a presidential candidate strongly opposed former President Goodluck Jonathan’s plan to remove fuel subsidy, had declared in 2011 that the much-touted policy...
The Nigerian National Petroleum Corporation (NNPC) has disclosed that from January to September a total of N109.85 billion was spent on refineries rehabilitation and pipelines in...
President Muhammadu Buhari on Tuesday suspended indefinitely the inauguration of the newly constituted board of the Nigerian National Petroleum Company (NNPC). The inauguration was slated to...
The Economic and Financial Crimes Commission (EFCC) has reportedly questioned the newly appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo, in connection...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Revenues earned by the Nigerian National Petroleum Corporation (NNPC) Limited fell N1.29 trillion short of expectations in the first nine months of 2021. This is according...
The Nigerian National Petroleum Corporation (NNPC) has revealed the cause of the gas leakage witnessed in the Ikeja area of Lagos on Wednesday morning. There was...
The Nigerian National Petroleum Corporation (NNPC) has dismissed rumours of a hike in the pump price of Premium Motor Spirit (PMS) also known as petrol. There...
The Nigerian National Petroleum Corporation (NNPC) on Friday released a detailed breakdown of how it planned to spend the N621.2billion tax liabilities on federal roads in...
The Federal Executive Council (FEC) on Wednesday gave the Nigerian National Petroleum Corporation (NNPC) the approval to deploy its N621.2 billion tax liabilities on road projects...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has called on the Federal Government to take steps to avert a looming fuel crisis...
President Muhammadu Buhari has blamed the organised labour for the country’s dwindling revenues due to the continued payment of fuel subsidies. Buhari made this assertion during...
Nigerian states including local governments might face financial difficulties in the coming months as the rise in oil prices means a larger chunk of oil revenue...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the Nigerian National Petroleum Corporation (NNPC) imported 100 per cent of 1.74 billion Premium Motor Spirit,...
For the first time in three years, oil prices jumped to above $80 on Monday as the Organisation of Petroleum Exporting Countries (OOEC) and its allies...
Sanusi Lamido, former Governor of the Central Bank of Nigeria (CBN) has again reiterated his calls for the removal of subsidy on petroleum products, describing it...
The Corporate Affairs Commission (CAC) said it has completed the incorporation of the Nigerian National Petroleum Company (NNPC) Limited in line with the new Petroleum Industry...
Documents in different suits filed by British energy giants, BP and Anglo-Swiss multinational commodity firm, Glencore, have revealed how fees trading firms paid agents to win...
The price of oil reached a two-month high on Thursday, amid a struggle by Nigeria to meet its daily production targets. Data from Reuters showed Brent...
The Nigerian National Petroleum Corporation (NNPC) has revealed Nigerians consumed 72.29 million litres of Premium Motor Spirit (PMS) also known as petrol daily in May. In...
President Muhammadu Buhari has approved the incorporation of the Nigerian National Petroleum Company (NNPC). The Special Adviser on Media and Publicity to the President, Femi Adesina,...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has suspended its strike in the South-East and directed its members at the Enugu depot to resume the...
A maze of fraudulent bids in the process to acquire some companies under Nigerian National Petroleum Corporation (NNPC) was uncovered on Sunday. A report published by...
Workers and directors at the Nigerian National Petroleum Corporation’s (NNPC’s) three refineries in the last three years were paid N252.8 billion in salaries and other emoluments....
Despite a well-publicized declaration of Profit After Tax (PAT) of N287 billion, the Nigerian National Petroleum Corporation (NNPC) is still mired in financial difficulties. The NNPC...
Despite a well-publicized declaration of Profit After Tax (PAT) of N287 billion, the Nigerian National Petroleum Corporation (NNPC) is still mired in financial difficulties. The NNPC...
The Nigerian National Petroleum Corporation’s (NNPC’s) Group Managing Director, Mele Kyari, has stated that Nigerians and interested investors will be able to become shareholders in the...
The Presidency declared on Sunday the President Muhammadu Buhari’s administration has broken several jinxes since 2015. The Special Adviser on Media and Publicity to the President,...
The Presidency has revealed how the Nigerian National Petroleum Corporation (NNPC) was able to declare a profit despite a year plagued by the COVID-19 pandemic. This...
Claim: President Muhammad Buhari on August 26 declared that the Nigerian National Petroleum Corporation (NNPC) posted N287 billion profit after tax. The President turned to Facebook...
The Nigerian National Petroleum Corporation (NNPC) has spent a total of N14.5 billion on frontier exploration services, which involves the search for hydrocarbons in inland basins,...
Nigeria’s oil revenue took a hit in June, with different production disruptions costing the government an estimated 6.03 million barrels. The Nigerian National Petroleum Corporation (NNPC)...
Nigeria’s domestic gas penetration aspirations have received a major boost as the Nigerian National Petroleum Corporation (NNPC) and the Kaduna State Government have signed a Memorandum...
President Muhammadu Buhari has revealed that the Nigerian National Petroleum Corporation (NNPC) recorded profit after tax of N287 Billion in 2020, the first in 44 years....
The Nigeria Petroleum Development Company, a subsidiary of Nigeria National Petroleum Corporation (NNPC), has resumed oil production at Oil Mining License 11 (OML 11). The development...
