‘Why we can’t continue subsidy’ —Kyari •Says PMS may sell for N234 per litre
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the company cannot continue to bear the subsidy burden.
Tag: NNPC
Read More
FG will consult widely before petrol subsidy removal, says NNPC
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.
NNPC negotiates fresh commercial contract terms with oil majors to retain investments
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.
Nigeria’s first crude export cargo Anyala set for Europe
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.
Nigeria’s oil-refining revamp gets off to a slow start
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.
NNPC’s gas handling facility begins operations, reduces flaring
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.
Clarify how Petroleum Ministry spent N116m on biros, letterhead, toners, SERAP tells Buhari, Sylva
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.”
NNPC to generate N11tn revenue in 2021, $14bn industry spending
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.
Crude oil in commercial quantity discovered in Benue Trough, says NNPC
The Nigerian National Petroleum Corporation (NNPC) on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
2019 financials: Bankruptcy looms at NNPC —Auditors, management warn
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.