NNPC

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,…

3 years ago

Nigeria: Again, NNPC Fails to Contribute to Federation Account in March

The Nigerian National Petroleum Company (NNPC) once more failed to remit any money to the federation account, a joint pool…

3 years ago

Nigeria Urges Shell, Chevron, NNPC to Allow Third Parties Use Their Gas Pipelines

Shell Nigeria, Chevron and the Nigerian National Petroleum Company (NNPC) Limited are hindering full operation of the Nigeria Liquefied Natural…

3 years ago

For Second Month Running, NNPC Fails to Make Remittance to Nigeria’s Federation Account

Again, the Nigerian National Petroleum Company (NNPC) Ltd., failed to remit its statutory funding of the Federation Account, a joint…

3 years ago

Nigeria: NNPC Seeks to ‘Pre-empt Mobil on Asset Sale to Seplat’

The Nigerian National Petroleum Company (NNPC) Limited may have created a wedge in the highly acclaimed transaction that would have…

3 years ago

Nigeria Governors Doubt NNPC’s N287bn Profit, Call for More Transparency

The Nigeria Governors Forum (NGF) on Thursday questioned the veracity of the profit recently declared by the Nigerian National Petroleum…

3 years ago

Nigeria to Save $1.8bn in Forex as Dangote, NNPC, Shell, Others Sign Gas Supply Deal

The Dangote Group, the Nigerian National Petroleum Company (NNPC) Limited, Shell, Nigerian Agip Oil Company (NAOC) Limited, Total Energies as…

3 years ago

Buhari Vows to Make NNPC Biggest, Most Capitalised Oil Company in Africa

Nigerria President Muhammadu Buhari on Monday stated that the target of his administration was to make the newly rechristened Nigerian…

3 years ago

Nigeria: Concerns as NNPC Recorded Zero Remittance to Federation Account in January

Despite the rising international prices of oil, the Nigerian National Petroleum Company (NNPC) Limited failed to remit its statutory funding…

3 years ago

Nigeria: NNPC Completes Withdrawal of Dirty Fuel from Circulation

The Nigerian National Petroleum Company Ltd (NNPC) has withdrawn all the methanol blended petrol which was imported into the country…

3 years ago

Nigeria: Confusion as 4 Oil Companies  Blamed By NNPC for Importing Dirty Fuel Deny Accusation

Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele…

3 years ago

Nigeria: NNPC Names MRS, Oando, Duke Oil as Culprits in Importation of Dirty Fuel, MRS Blames NNPC

The Nigerian National Company Limited (NNPC) on Wednesday stated that its investigation has revealed the presence of Methanol in four…

3 years ago

Nigeria: House Moves to Transfer Defunct National Oil Corporation’s Assets to NNPC Limited

Nigeria's House of Representatives has begun moves to transfer assets belonging to the defunct Nigerian National Petroleum Corporation (NNPC) to…

3 years ago

NNPC Will Take Nigeria Out of Energy Poverty in Four Years, Says GMD Kyari

The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has expressed optimism that with…

3 years ago

NNPC Pays $452.5m Cash Call Arrears to IOCs in One Year

The Nigerian National Petroleum Company (NNPC) paid an additional cash call arrears of $452,535,270 to its joint venture (JV) partners…

3 years ago

Nigeria: NURPC Boss Komolafe Confirms NNPC as Holder of Addax’s OML Licences

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NURPC), Mr. Gbenga Komolafe on Wednesday confirmed that the…

3 years ago

NNPC to Shed Toxic Liabilities in 2022, Become Most Profitable in Africa, Says CEO Kyari

Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has said with the implementation of…

3 years ago

NNPC Must Focus on Profitability and Operate at Par with Global Industry Peers, Buhari Tells New Board

President Muhammadu Buhari has mandated the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited, to ensure that…

3 years ago

Fuel Queues Lengthen in Abuja as NNPC Cautions against Panic Buying

Several filling stations in Abuja had long queues to deal with on Tuesday, just as the Nigerian National Petroleum Corporation…

3 years ago

Nigeria: $3.097bn Investment Opportunities Exist in Condensate Refineries, NNPC Says

The Nigerian National Petroleum Corporation (NNPC) has said investment opportunities worth nearly $3.097 billion currently exist in the country's condensate…

3 years ago