Nigeria’s state oil company recorded a 141.96 billion naira ($346 million) trading surplus in June after recovering from a 37.46 billion naira deficit the previous month,…
Browsing: NNPC
In September 2021, the Nigerian National Petroleum Corporation (NNPC) revealed that it spent N123.73 billion on petrol subsidies. In its report to the Federation Account Allocation…
President Muhammadu Buhari has approved that the Nigerian National Petroleum Company Limited be immediately incorporated. This was contained in a statement issued by the President’s Special…
The Nigerian National Petroleum Corporation (NNPC) has declared ₦287 billion as its profit after tax for the year 2020. The figure was announced on Thursday by…
The Nigerian National Petroleum Corporation (NNPC) says it made total revenue of ₦2.129 trillion from the sales of petroleum products between March 2020 and March 2021.…
The PIB provides also for the creation of a Host Communities Development Trust. The oil operators (settlors) are obliged to incorporate a trust for the benefit of the host communities
Nigerian National Petroleum Corporation (NNPC) and its joint venture partner Mobil Producing Nigeria Unlimited on Monday was charged cumulative damages of N81.9 billion by the Federal…
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…
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.