The House of Representatives, on Sunday, March 14, issued an ultimatum to the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries for an appearance before the...
The Nigerian National Petroleum Corporation (NNPC) has insisted that there will be no increase in the price of petrol in the country in March. In a...
The House of Representatives Committee on Public Accounts on Tuesday disagreed with the Nigeria National Petroleum Corporation (NNPC) on the interpretation of the corporation’s Act. The...
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that there is no plan to increase price of Premium Motor Spirit (PMS) otherwise called petrol in...
The House of Representatives Committee on Public Accounts has reiterated its pledge to ensure comprehensive investigations into the alleged withdrawal of N1.3tn by the Nigeria National...
Justice Ahmed Ramat Mohammed of the Federal High Court, Abuja has adjourned till March 10, 2021 for continuation of cross examination in the ongoing trial of...
The House of Representatives has extended an invitation to the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, to appear before it on Thursday, February...
The Presidency, last week, ran out of patience with non-adherence to the recently signed Executive Order that makes the observance of COVID-19 protocols mandatory. President Muhammadu...
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.43billion in November last year. The figure was a 54 percent increase from N8.71billion surplus...
Over N6.589 trillion was received by eight oil-producing states from the Federation Account under the 13 percent derivation principle, between 2009 and 2019 according to a...
Nigeria’s three refineries under the management of the Nigerian National Petroleum Corporation (NNPC) have not made any profit or produce a drop of fuel since October...
Nigerian National Petroleum Corporation, NNPC, through its subsidiary, the Pipeline and Product Marketing Company, PPMC, has disclosed that Nigerians consumed 1.22 billion litres of petrol in...
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has faulted the proposal by the Federal Government to unbundle the Nigerian National Petroleum Corporation (NNPC)...
Between September 2019 and September 2020, Nigeria spent over N75.23 billion on repairs and maintenance of leaking pipelines carrying crude oil from wells to flow stations....
The Nigerian National Petroleum Corporation (NNPC) has announced a trading deficit of N1.22 billion for September last year. The corporation announced this in the September 2020...
The Federal High Court in Abuja on Thursday reserved till February 17 to rule on a prayer to inspect $9,772,800 and £74,000 allegedly looted by a...
The Nigerian National Petroleum Corporation (NNPC) is in negotiation with oil traders to source $1 billion in advance for crude oil payment to revamp its largest...
The Nigerian Petroleum Development Corporation (NPDC), the main subsidiary of the Nigerian National Petroleum Corporation (NNPC) on Monday said it had begun operations at its Integrated...
Over 10,000 applicants who were shortlisted for experienced cadre positions by the Nigerian National Petroleum Corporation (NNPC) have written an open letter to President Muhammadu Buhari,...
The People’s Republic of China has endorsed 85% of the credit needed to finance the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project and will disburse the fund soon,...
The Nigerian government on Tuesday morning announced a reduction in the pump price of premium motor spirit, also known as petrol, from N168 to N162.44 per...
Nigeria loses $1.9 billion every to foreign ship owners, Hassan Bello, the chief executive of the Nigerian Shippers Council (NSC) and chairman, Nigerian Fleet Implementation Committee...
The House of Representatives has invited Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN); Zainab Ahmed, the minister of finance, budget and national...
The Nigerian government Tuesday rolled out the national gas expansion programme, which sought to deepen the penetration of gas an alternative to petrol, with the Nigerian...
The Nigerian National Petroleum Corporation (NNPC) Thursday presented its budget to the House of Representatives, marking the first time the state-owned firm would do so in...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has dismissed claims in some quarters that President Muhammadu Buhari, interferes with the...
The Nigerian National Petroleum Corporation (NNPC) confirmed on Thursday that the recently discovered oil in the Benue Trough was in commercial quantity. The Group Managing Director...
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 mainstream...
The Nigerian National Petroleum Corporation (NNPC) said on Friday it would sell the Premium Motor Spirit (PMS) at N153.17 per litre for oil marketers using its...
The Petroleum Products Marketing Company (PPMC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has hitched up the ex-depot price of Premium Motor Spirit (PMS)...
The Nigerian National Petroleum Corporation (NNPC) Thursday said it had teed off oil production at Anyala Field IN Oil Mining Leases 83/85 jointly held with oil...
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 mainstream...
The trial of a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, continued on Thursday, November 5, 2020 before Justice...
The Minister of State for Petroleum Resources, Chief Timipre Silva, said on Thursday the Nigerian National Petroleum Corporation (NNPC) would soon resume oil exploration and drilling...
The liabilities of the Nigerian National Petroleum Corporation (NNPC) as a group outweighed the value of its assets by N4.4 trillion in 2019, the recently issued audited...
The Nigerian National Petroleum Corporation (NNPC) Thursday declared a loss of N1.7 billion for the 2019 financial year, a 99.7 per cent reduction from a loss...
Dumping shakara President Muhammadu Buhari, on September 22, admitted the true state of the Boko Haram insurgency and banditry in the country. This was contained in...
The Nigerian government will privatise state-owned oil asset, Nigerian National Petroleum Corporation (NNPC), abolish key industry regulators to pave the way for new bodies and modify...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday, urged the National Assembly to fast-track the passage of the Petroleum...
Nigeria’s crude oil earnings dived by 74.89% in July to $55.29 million, data from the Nigerian National Corporation (NNPC) on the Nigerian government’s export lifting shows....
Seventy-eight companies are now in contention for the upgrade of Nigeria’s downstream pipelines and related depot and terminal assets after completing their expression of interest through...
The Nigerian National Petroleum Corporation (NNPC) Thursday announced an 858% leap in its trade surplus from N2.12 billion in June to N20.36 billion in July, citing...
The Nigerian National Petroleum Corporation (NNPC) said it would support the current initiatives of the Federal Ministry of Petroleum Resources aimed at offering alternate energy source...
The Nigerian National Petroleum Corporation (NNPC) Wednesday night announced vast oil find in the Benue Trough, a geological structure spanning about 1,000 kilometres northeast from the...
Nigeria will sell its majority shareholding and forfeit its controlling stake in all its four comatose oil refineries if the ongoing negotiation talks succeed, the Group...
There are fresh doubts over the federal government’s claim of full deregulation of the downstream segment of the petroleum industry with the latest admission by the...
“So this is how we will just adjust to the new fuel price at the petrol stations, and government will get away with the imposition of...
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 mainstream...
The Nigerian National Petroleum Corporation (NNPC) Thursday night declared it had secured a prepayment funding of around $1 billion to boost the upstream operations of its...
The Nigerian National Petroleum Corporation (NNPC) posted a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in order...
