NNPC

NNPC to Borrow $3.8bn to Acquire Dangote Refinery Shares

The Nigerian National Petroleum Corporation (NNPC) is planning to borrow $3.8 billion to actualise its agenda of acquiring a 20…

3 years ago

Nigeria: Petrol Subsidy Bites Harder, NNPC Proposes $280m Deduction in June

Nigeria’s three tiers of government may have to look elsewhere to augment revenues accruing monthly from the Federation Account Allocation…

3 years ago

Nigeria: Petrol Smuggling Rises to 42m Litres Daily, NNPC Laments

The Nigerian National Petroleum Corporation (NNPC) on Wednesday lamented the escalating incidence of petrol smuggling across Nigeria’s borders, which it…

3 years ago

Rising Oil Prices Will Create Problems for Nigeria, NNPC Boss Kyari Says

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a…

3 years ago

Nigeria’s State-owned Oil Company Predicts $200 Oil Price

The Nigerian National Petroleum Corporation (NNPC) on Wednesday predicted that oil price could climb as high as $200 per barrel,…

3 years ago

Nigeria: NNPC Boss Kyari Calls for Transparency in IOCs’ Operations

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, Tuesday called on International Oil Companies…

3 years ago

NNPC Eyes Stake in Six Private Refineries

The Nigerian National Petroleum Corporation (NNPC) on Monday unfolded plans to acquire shares in five more private refineries in Nigeria,…

3 years ago

NNPC Wants to Acquire 20% Stake in $15bn Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority equity stake in Dangote…

3 years ago

NNPC, Shell, Others Seal Deal to Unlock $10bn Investments in Nigeria’s Oil Industry

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners Tuesday executed joint agreements to renew Oil…

3 years ago

NNPC Selects 26 Firms to Lift Nigeria’s Crude Oil

The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift…

3 years ago

NNPC Picks 16 Companies for New Crude Swap Deal as Oil Hits $70

The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting…

3 years ago

Nigeria: Bauchi Governor Says Zero Remittance from NNPC to FAAC a Recipe for Chaos

Bauchi State Governor, Senator Bala Mohammed, Thursday warned that Nigeria will be in chaos and financial hardship if the NNPC…

4 years ago

Harsher Times Ahead for Nigeria as NNPC Says ‘Zero Remittance to Federation’ in May Due to $275m Spent on Subsidy

The three tiers of government, federal, states and local governments, are in for tough times next month as they may…

4 years ago

US Consulate Issues Lagos Crime Warning Plus NNPC Has No FAAC Money For May

Omosuyi Temitope, Analyst with Afrinvest Securities Ltd, spoke to the Global Business Report about the the US Consulate in Lagos,…

4 years ago

Buhari Returns Ownership of Four Oil Blocks to NNPC

Nigeria's President Muhammadu Buhari has approved the restoration of the leases on four Oil Mining Licences to the state-owned petroleum…

4 years ago

Fuel Queues Persist in Abuja Despite NNPC’s Intervention

Despite the intervention of the Nigerian National Petroleum Corporation (NNPC) to halt the strike by tanker drivers, the chaos occasioned…

4 years ago

NNPC’s Operating Revenues Slump By $290m in January  

The increasing landing cost of petrol and the inability of the Nigerian National Petroleum Corporation (NNPC)   to increase ex-depot price…

4 years ago

Nigeria Lifted $33bn Crude, Condensates in One Year, NNPC Says

A cumulative volume of 734 million barrels of crude oil and condensates were lifted by all parties, including oil multinationals…

4 years ago

Nigeria Better-off Privatising NNPC, Refineries, Former Vice President Atiku Reiterates

A former Nigerian Vice President, Atiku Abubakar, has called on the federal government to sell off the country's petroleum company…

4 years ago

NNPC Reduces Cash-call Debts to IOCs by $3.11bn

The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five…

4 years ago