The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol.
The Nigerian National Petroleum Corporation (NNPC), is renegotiating commercial contract terms with major oil firms, the Group Managing Director of the national oil company, Mallam Mele Kyari, has disclosed.
The first export cargo of Nigeria’s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Monday.
A year after shutting down all of its dilapidated refineries to figure out how to fix them, Nigeria still can’t say how much it will cost to do the work or where the money will come from.
The Nigerian National Petroleum Corporation (NNPC) through its flagship subsidiary, the Nigerian Petroleum Development Company, on Monday announced the commencement of operations at its integrated gas handling facility.
Minister of State for Petroleum Resources to use their leadership positions “to urgently probe how N116 million was spent by your Ministry to buy biros, letterhead and toners in 2015, and to disclose the amount spent on the same items between 2016 and 2020, and if there is evidence of misuse of public funds, refer the matter to appropriate anti-corruption agencies for prosecution.”
The Nigerian National Petroleum Corporation (NNPC) plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.
The Nigerian National Petroleum Corporation (NNPC) on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
Independent auditors and management of the Nigerian National Petroleum Corporation, NNPC, have raised doubts over the ability of the corporation to continue as a going concern, following rising losses and negative capital as a result of excess of liabilities over its assets as stated in its recently published 2019 Audited Financial Statement.
The President Muhammadu Buhari, has transmitted the much-awaited Petroleum Industry Bill 2020 to the National Assembly and has proposed the creation of the Nigerian National Petroleum Company Limited.
