The Nigerian National Petroleum Corporation (NNPC) is planning to borrow $3.8 billion to actualise its agenda of acquiring a 20 per cent stake in Dangote Refinery. NNPC Group Managing Director,

Nigeria’s three tiers of government may have to look elsewhere to augment revenues accruing monthly from the Federation Account Allocation Committee (FAAC) as the Nigerian National Petroleum Corporation (NNPC) is

The Nigerian National Petroleum Corporation (NNPC) on Wednesday lamented the escalating incidence of petrol smuggling across Nigeria’s borders, which it put at a whopping 42 million litres per day. The

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in the

The Nigerian National Petroleum Corporation (NNPC) on Wednesday predicted that oil price could climb as high as $200 per barrel, as banks and major International Oil Companies (IOCs) withdraw from

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, Tuesday called on International Oil Companies (IOCs) operating in Nigeria to be more accountable to Nigerians

The Nigerian National Petroleum Corporation (NNPC) on Monday unfolded plans to acquire shares in five more private refineries in Nigeria, bringing to six its interests in refineries it is targeting.

The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority equity stake in Dangote Refinery, Lagos, reputed to be Africa’s biggest oil refining facility

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners Tuesday executed joint agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The corporation

The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The

The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August. A report on Wednesday by Reuters listed the

Bauchi State Governor, Senator Bala Mohammed, Thursday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to

The three tiers of government, federal, states and local governments, are in for tough times next month as they may get less from the Federation Account, no thanks to the

Nigeria’s President Muhammadu Buhari has approved the restoration of the leases on four Oil Mining Licences to the state-owned petroleum company, (the Nigerian National Petroleum Corporation – NNPC). The affected

Despite the intervention of the Nigerian National Petroleum Corporation (NNPC) to halt the strike by tanker drivers, the chaos occasioned by the return of fuel queues in Abuja worsened on

The increasing landing cost of petrol and the inability of the Nigerian National Petroleum Corporation (NNPC)   to increase ex-depot price have continued to negatively impact on the operations of the

A cumulative volume of 734 million barrels of crude oil and condensates were lifted by all parties, including oil multinationals and the Nigerian Petroleum Development Company (NPDC) between October 2019

A former Nigerian Vice President, Atiku Abubakar, has called on the federal government to sell off the country’s petroleum company and its refineries, saying the country is better off privatising

The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of