The House of Representatives has revealed its plan to investigate subsidy payments, accusing the Nigerian National Petroleum Corporation (NNPC) of padding the cost of subsidy. During...
The Nigerian National Petroleum Corporation (NNPC) will from Friday, July 1 become a different entity in its operation. The state-owned corporation, will no longer be simply...
These are challenging times for the federal and state governments as one major source of income to the federation account seems to be totally cut off....
Premium Motor Spirit (PMS), also known as petrol, would not be sold beyond N165 per litre, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN)....
Timipre Sylva, Minister of State Petroleum Resources, has stated that the Federal Government could not intervene in the increasing price of diesel and aviation fuel because...
Prof. Chukwuma Soludo, the governor of Anambra State, has spoken out against the continuation of payment for fuel subsidies in Nigeria. Soludo, who spoke at the...
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it spent over N947.51 billion subsiding petrol imported into the country from January to April. The...
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Melee Kyari, said on Friday the ongoing rehabilitation of the Port Harcourt refinery would...
A member of the Kano State House of Assembly, Ali Ibrahim Isah Shanono, has returned to the ruling All Progressives Congress (APC) two days after he...
President Muhammadu Buhari will unveil the new Nigerian National Petroleum Company Limited on July 18. The company’s Chief Executive Officer, Mele Kyari, disclosed this on Tuesday...
Following threats to stop operations, the Nigerian National Petroleum Company (NNPC) Limited has negotiated an arrangement with Airline Operators of Nigeria (AON) to subsidize flights for...
The Federal government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the...
The Nigerian National Petroleum Company (NNPC) Ltd has announced a record supply of Premium Motor Spirit also known as petrol across Nigeria to forestall any scarcity....
The Nigerian National Petroleum Company (NNPC) has paid over $3.68 billion in cash call debt to five oil companies. The payment is part of NNPC’s total...
State governments are set to sink deeper into financial crises as the Nigerian National Petroleum Company (NNPC) Limited has again informed them a deduction of N328...
States are going through a difficult period. Forget the politics of attempting to get power, being at the helm of affairs is more difficult; that is,...
The Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that it had released additional 516.43 million litres of Premium Motor Spirit (PMS) popularly referred to as...
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has been directed by the House of Representatives to present the heads of...
For the payment of petrol subsidy, The Nigerian National Petroleum Company (NNPC) Limited has disclosed that N242.53 billion will be removed from its contribution to the...
A former Senate President, Bukola Saraki, has linked the ongoing fuel scarcity to racketeering by influential persons. Saraki, who stated this in Channels Television’s Sunday Politics,...
The Nigerian National Petroleum Corporation (NNPC) Limited has shown interest in purchasing Nigerian power plant facilities, which would allow it to expand its oil mandate to...
Oil prices continued to surge on Monday morning and hit $140, the highest level since the administration of Umaru Musa Yar’Adua. Data from Reuters showed that...
Nigeria’s subsidy payment is now at N10 billion daily, as international oil price continues to surge. On Friday, brent the oil benchmark for Nigeria’s oil closed...
As many countries shift away from buying Russian oil, new export opportunities have opened up for Nigerian crude which is regarded as one of the best...
With the effects of the current fuel scarcity grounding many businesses, Nigerians have resorted to buying in bulk for future usage. This has reportedly led to...
Seplat Energy’s plans to buy out ExxonMobil’s shares in its Nigerian unit Mobil Oil Producing Nigeria Unlimited (MPNU) is seriously in trouble as Nigerian National Petroleum...
The Nigerian National Petroleum Company (NNPC) Limited and it’s patners have reached an agreement with Dangote Fertilizer Company for the supply of 70 million standard cubic...
The Nigerian National Petroleum Company (NNPC) Limited has explained why the over 40 licensed refineries in the country are not producing Premium Motor Spirit, popularly called...
Two weeks after the Nigerian National Petroleum Corporation (NNPC) Limited assured Nigerians that fuel scarcity would end in “few days”, long queues continue to greet fuel...
The Nigerian National Petroleum Company (NNPC) Limited on Monday confirmed that International oil companies are diversifying and leaving Nigeria. The NNPC’s Group Managing Director, Mele Kyari,...
For the first time in eight months, the Nigerian National Petroleum Company (NNPC) Limited has failed to remit a kobo to the federation account despite the...
Nigeria could be bracing up for a new petrol pump price as the Nigerian National Petroleum Company Limited has introduced a fresh marine charge for marketers....
The Nigerian National Petroleum Company (NNPC) Limited on Wednesday urged Nigerians to exercise patience as the corporation works assiduously to restore normal supply and distribution of...
The Nigerian National Petroleum Corporation Limited (NNPC) Limited has ordered the distribution of one billion litres of Premium Motor Spirit (PMS) in its stock to various...
Some eminent Nigerians, among who were renowned political economist, Prof. Pat Utomi, former deputy governor of Central Bank of Nigeria (CBN), Kingsley Moghalu and ex-Kano State...
Stocks to watch for this week comprises of five companies; one in the pharmaceutical market, two from the oil and gas industry, one from the telecommunications...
The Nigerian National Petroleum Corporation (NNPC) Limited on Sunday assured Nigerians on the supply of clean fuel in the next few days. The NNPC Group General...
Oando has debunked claims that the oil and gas company imported contaminated Premium Motor Spirits (PMS) into Nigeria, against the country’s fuel standard requirements. Nigerian National...
Following reports linking MRS Oil Nigeria Plc to recent contaminated Premium Motor Spirits (PMS) in the country, the company has accused Panama-based Duke Oil for the...
The Independent Petroleum Marketers Association Of Nigeria (IPMAN) has revealed ongoing investigations into the supply of adulterated Premium Motor Spirit (PMS) also called petrol across depots...
Over the weekend, motorists in Lagos, Ogun State and some parts of Abuja witnessed the resurgence of queues at fuel stations, causing some persons to embark...
The Peoples Democratic Party (PDP) has criticised claims by the Federal Government regarding mechanisms put in place to tackle corruption. This was contained in a statement...
The Nigerian National Petroleum Company Limited has announced it spent a whopping N270.83 billion on subsidy payment in the month of December 2021. This is a...
The Nigerian National Petroleum Corporation (NNPC) has disclosed that in the 12 months of 2021 a total of N100 billion was spent on rehabilitation of refineries....
The African Export Import Bank (Afriexim Bank) has committed $5 billion in corporate finance to the Nigerian National Petroleum Company Ltd to support major investments in...
The Nigerian National Petroleum Corporation (NNPC) plans to pay N270 billion per month to subsidize fuel consumption by Nigerians in 2022, raising its total subsidy payment...
For the record and for posterity, it is imperative to state that oil found in the Niger Delta region belongs to the people of the area....
Oil prices continued their surge on Wednesday, trading at a level never seen under the administration of President Muhammdu Buhari. Reports from Bloomberg showed that on...
The Nigerian National Petroleum Company (NNPC) has promised a new turn in the coming months as it finalises efforts to become a public limited company. NNPC...
Not only did the Nigerian National Petroleum Corporation Limited (NNPC) fail to meet its revenue target, out of the amount earned, 82.5 percent was spent. Data...
