NNPC

NNPC Missing as China, Saudi Arabia Top World’s Biggest Oil Revenue Earners in 2021

The Nigerian National Petroleum Corporation (NNPC) has failed to make the latest list of the world’s highest income-grossing oil companies,…

3 years ago

Nigeria: NNPC Set to Deduct N149.2bn from October’s Federation Account

Nigeria’s state-owned oil company, the NNPC will again make a huge deduction of N149.2 billion from the federation's joint account…

3 years ago

NNPC Says Global Gas Crisis May Push Oil Prices $10 Higher in Three Months

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said the global natural gas crisis, which has resulted in rising prices,…

3 years ago

NNPC Cuts Directors’ Fees by 60.2%

The Nigerian National Petroleum Corporation (NNPC) slashed the various fees collected by directors of the national oil company from N606…

3 years ago

NNPC’s Assets Rise by 18.7% as Corporation Publishes 2020 Audited Results

For the third time since it was established 44 years ago, the Nigerian National Petroleum Corporation (NNPC) on Wednesday officially…

3 years ago

NNPC May Float Initial Public Offering in 2024, GMD Kyari Reveals

Nigerians and foreign investors interested in owning shares in the Nigerian National Petroleum Corporation (NNPC), which is set for full…

3 years ago

Despite Contradictions, Buhari Describes NNPC’s $697m Net Profit as Jinx Broken

The presidency says for the first time in the history of Nigeria, President Muhammadu Buhari broke a giant-sized jinx when…

3 years ago

NNPC Spends $1.3bn on Petrol Subsidy in Six Months

The Nigerian National Petroleum Corporation (NNPC) expended N541.65 billion subsidy on petrol between February and July this year, a document…

3 years ago

Nigeria: Again, NNPC Set to Deduct N215bn from September’s Federation Allocation

The Nigerian National Petroleum Corporation (NNPC) is once more set to deduct about N215.3 billion from its contribution to next…

3 years ago

Dangote Refinery Will Purchase Over 300,000 Barrels Per Day Of Nigeria’s Crude

Dangote’s oil refinery will buy at least 300,000 barrels per day of Nigeria’s crude production, after the government granted approval…

3 years ago

Buhari Announces NNPC’s $697m Profit After Tax

Nigeria's National Petroleum Corporation (NNPC) recorded N287 billion, some $697 million in 2020, the first time in the 44-year history…

3 years ago

NNPC Fixes Base Oil Price at $57 for 2022 and $61 for 2023

The Nigerian National Petroleum Corporation (NNPC) on Wednesday projected a medium term base crude oil price scenario of $57 to…

3 years ago

Nigeria: NNPC Upbeat as it Regains Ogoni OML 11 from Shell in Court

The Nigeria National Petroleum Corporation (NNPC) has hailed the recent Appeal Court judgment affirming its ownership of the Oil Mining…

3 years ago

NNPC Floats New Subsidiary to Oversee Refineries

The Nigerian National Petroleum Corporation (NNPC) on Thursday inaugurated the board of Greenfield Refinery Limited (NGRL), a subsidiary of NNPC,…

3 years ago

NNPC Will Cease to Exist Within Six Months: GMD Mele Kyari

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari has said within the next six months the…

3 years ago

NNPC Will Protect Nigeria’s Interest in Divesting Oil Companies: GMD Kyari

The Nigerian National Petroleum Corporation (NNPC) on Monday assured that it would protect the interest of Nigeria in any transaction…

3 years ago

Nigeria: Former Glencore Trader Pleads Guilty in New York Over NNPC Oil Bribery Scheme

A former UK-based trader for Glencore Plc pleaded guilty on Monday over what US prosecutors called his role in a…

3 years ago

Nigerians Spent $5bn on Petrol in One Year, Consumption Rises Above 100% in Three Months, NNPC Reveals

The Nigerian National Petroleum Corporation (NNPC) has revealed that it sold a total of N2.106 trillion of refined products to…

3 years ago

Nigeria: NNPC Records 63% Federation Account Remittance Shortfall in Five Months

The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by…

3 years ago

NNPC Records $1.2bn Shortfall in Priority Projects Funding

The Nigerian National Petroleum Corporation (NNPC) recorded a total shortfall of $1.2 billion in the financing of its priority projects…

3 years ago