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)…
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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.”
The Nigerian National Petroleum Corporation (NNPC) says it has recorded a 99.7 per cent reduction in its loss profile from ₦803billion in 2018 to ₦1.7billion in…
Nigeria’s energy law has a feature is an answer to what many in the country have been asking for. Divestment of the Nigerian National Petroleum Corporation…
The Nigerian National Petroleum Corporation (NNPC) on Thursday disclosed it recorded an increased trading surplus of ₦20.36billion in July, an 858 per cent overall upswell in…
Nigeria’s Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards, a statement has said. The award was…
The Department of Petroleum Resources (DPR) has disclosed that Nigeria is targetting being a net exporter of petroleum products. The DPR, Director and Chief Executive Officer,…
The Nigerian National Petroleum Corporation (NNPC) paid oil marketers ₦5.34bln (about $14mln) for fuel in June, months after it changed its pricing method in an effort…
Nigeria’s Senate is scrutinizing the oil sector. The country’s lawmakers have ordered the country’s top accountant to investigate the sum of $18 billion dividend payments made…