Nigeria’s President, Muhammadu Buhari has directed the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC), which…
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Nigeria’s National Petroleum Corporation has called for calm over fuel queues which have begun spotting several states of the country including the Federal Capital (Abuja). The…
Mr. Mele Kyari, further explained that the actual cost of importation and handling charges amounts to ₦234 per litre, the government is selling at ₦162 per liter, which amounts to a subsidy of ₦72 per litre bought.
The Nigerian National Petroleum Corporation (NNPC) announced a trading surplus of $108.84m for the month of November 2020, a 70.33 per cent increase compared to the…
The monthly report also showed that a total of 363 vandalised points were recorded from January to October 2020.
The Nigerian National Petroleum Corporation (NNPC) says it recorded a trading surplus of ₦28.38 billion in September 2020. The Corporation disclosed this in its Monthly Financial…
The Economic and Financial Crimes Commission (EFCC), has prayed a High Court to inspect some foreign currency seized from Andrew Yakubu, a former Group Managing Director…
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC)…
The Petroleum Industry Bill (PIB) has passed the second reading in Nigeria’s House of Representatives. The lawmakers passed the widely anticipated bill on Tuesday upon their…
“The NNPC has seen a lot of prospects in Chad Basin to commence exploration and drilling activities. That is why the corporation is collaborating with the army to resume oil explorations.”