NNPC

Further Petrol Price Hike Looming in Nigeria As NNPC Says N897/litre Isn’t Market Reflective

Nigeria's petrol prices may further increase as NNPC's VP Downstream, Adedapo Segun, advocates free market conditions to eliminate queues.

2 months ago

Tilewa Adebajo: NNPC Needs Higher Level of Corporate Governance, Oil Sale Proceeds Must Go into CBN Account

Tilewa Adebajo says Ministry of Finance Incorporated must play a pivotal role in improving governance and financial management of NNPC.

2 months ago

Kelvin Emmanuel: 50% Of Macroeconomic Problems Nigeria Faces Are From NNPC

Kelvin Emmanuel: "I’m only going to believe NNPC when I see trucks leaving the Port Harcourt refinery with actual derivatives."

3 months ago

Dangote Refinery: NNPC To Blame For Lack Of Crude, Not IOCs, Says Kelvin Emmanuel

Kelvin Emmanuel has blamed NNPC for Dangote having to import crude, and urged the National Assembly to commence a probe.

3 months ago

NNPC Denies Allegations of Inflating Petrol Subsidy Claims by N3.3 Trillion

NNPC has denied inflating petrol subsidy claims by N3.3 trillion, asserting it will resist being drawn into fuel subsidy politics.

5 months ago

‘Ridiculous’: Afreximbank President Oramah Debunks Allegations NNPC Will Repay $3.3bn Loan with $12bn

He said the loan is taking effect as it helps to stabilize the financial system and acute FX shortage

8 months ago

NNPC, Independent Marketers Deny Plan To Increase Petrol Prices in Nigeria

"Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country.”

10 months ago

NNPC Gets $3bn Loan from Afreximbank to Stabilise FX, Naira Gains

There was relief in the forex market on Wednesday, as the naira appreciated at both the official I&E forex window…

1 year ago

Report: NNPC Commences Drilling of Nasarawa Well, Four Months After Ceremony

The company is also frantically working to spud the Wadi-B in Borno state, tentatively by the second week of August.

1 year ago

NNPC Begins Exploratory Drilling in Nasarawa, to Grow Reserves to 50bn Barrels

Oil exploration in the Middle Benue trough will lead to greater prosperity and energy security, Buhari said.

2 years ago

After 29 Years, NNPC Renews Production Contracts with Partners, May Unlock $500bn Revenue, $4bn FDI for Nigeria

GMD Kyari stated that the right environment now exists for all parties with the signing of the Petroleum Industry Act.

2 years ago

NNPC: Government to Halt Funding as National Oil Company Transforms Fully to Commercial Entity

The Group CFO has the added responsibility of ensuring the liquidity of the group and efficient allocation of capital to…

2 years ago

Nigeria to Continue Setting Petrol Prices Despite NNPC’s Transition to Commercial Entity

President Buhari recently deferred the full deregulation of the sector, which would have seen the removal of the controversial and…

2 years ago

NNPC Intensifies Efforts to Block $1.283bn Seplat-Mobil Deal, Gets Court Injunction

There seems to be no backing down on efforts by the NNPC to halt the completion of the $1.283 billion…

2 years ago

NNPC Determined to Compete with Private Sector Players in Oil Industry, Says GMD Kyari

There appears to be no going back on the push by the new Nigerian National Petroleum Company (NNPC) Limited to…

2 years ago

Again, NNPC Fails to Remit Monies to Federation Account in May as Petrol Subsidy Hits N1.27trn

The inability of the Nigerian National Petroleum Company Limited (NNPC) to carry out its statutory obligations to the federation continued…

2 years ago

NNPC Must Address Profiteering at Private Depots to Curb Fuel Scarcity, Independent Marketers Say

As the ongoing petrol scarcity in Nigeria bites harder, a factional national leadership of the Independent Petroleum Marketers Association of…

2 years ago

NNPC, Sahara’s Two New Vessels Push Companies’ JV Investments to Over $300m

The Nigerian National Petroleum Company Limited (NNPC) Limited and it's Joint Venture (JV) partner, Sahara Group, on Monday took delivery…

2 years ago

Oil Price Surge: As NNPC Falters, Saudi Aramco’s Q1 Profit Jumps 82% to $40bn

As the Nigerian National Petroleum Company Limited (NNPC) continues to default in its contribution to the federation account, Saudi Aramco,…

2 years ago