The Federal High Court in Abuja on Thursday reserved till February 17 to rule on a prayer to inspect $9,772,800 and £74,000 allegedly looted by a...
The Nigerian National Petroleum Corporation (NNPC) is in negotiation with oil traders to source $1 billion in advance for crude oil payment to revamp its largest...
The Nigerian Petroleum Development Corporation (NPDC), the main subsidiary of the Nigerian National Petroleum Corporation (NNPC) on Monday said it had begun operations at its Integrated...
Over 10,000 applicants who were shortlisted for experienced cadre positions by the Nigerian National Petroleum Corporation (NNPC) have written an open letter to President Muhammadu Buhari,...
The People’s Republic of China has endorsed 85% of the credit needed to finance the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project and will disburse the fund soon,...
The Nigerian government on Tuesday morning announced a reduction in the pump price of premium motor spirit, also known as petrol, from N168 to N162.44 per...
Nigeria loses $1.9 billion every to foreign ship owners, Hassan Bello, the chief executive of the Nigerian Shippers Council (NSC) and chairman, Nigerian Fleet Implementation Committee...
The House of Representatives has invited Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN); Zainab Ahmed, the minister of finance, budget and national...
The Nigerian government Tuesday rolled out the national gas expansion programme, which sought to deepen the penetration of gas an alternative to petrol, with the Nigerian...
The Nigerian National Petroleum Corporation (NNPC) Thursday presented its budget to the House of Representatives, marking the first time the state-owned firm would do so in...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has dismissed claims in some quarters that President Muhammadu Buhari, interferes with the...
The Nigerian National Petroleum Corporation (NNPC) confirmed on Thursday that the recently discovered oil in the Benue Trough was in commercial quantity. The Group Managing Director...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The Nigerian National Petroleum Corporation (NNPC) said on Friday it would sell the Premium Motor Spirit (PMS) at N153.17 per litre for oil marketers using its...
The Petroleum Products Marketing Company (PPMC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has hitched up the ex-depot price of Premium Motor Spirit (PMS)...
The Nigerian National Petroleum Corporation (NNPC) Thursday said it had teed off oil production at Anyala Field IN Oil Mining Leases 83/85 jointly held with oil...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The trial of a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, continued on Thursday, November 5, 2020 before Justice...
The Minister of State for Petroleum Resources, Chief Timipre Silva, said on Thursday the Nigerian National Petroleum Corporation (NNPC) would soon resume oil exploration and drilling...
The liabilities of the Nigerian National Petroleum Corporation (NNPC) as a group outweighed the value of its assets by N4.4 trillion in 2019, the recently issued audited...
The Nigerian National Petroleum Corporation (NNPC) Thursday declared a loss of N1.7 billion for the 2019 financial year, a 99.7 per cent reduction from a loss...
Dumping shakara President Muhammadu Buhari, on September 22, admitted the true state of the Boko Haram insurgency and banditry in the country. This was contained in...
The Nigerian government will privatise state-owned oil asset, Nigerian National Petroleum Corporation (NNPC), abolish key industry regulators to pave the way for new bodies and modify...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday, urged the National Assembly to fast-track the passage of the Petroleum...
Nigeria’s crude oil earnings dived by 74.89% in July to $55.29 million, data from the Nigerian National Corporation (NNPC) on the Nigerian government’s export lifting shows....
Seventy-eight companies are now in contention for the upgrade of Nigeria’s downstream pipelines and related depot and terminal assets after completing their expression of interest through...
The Nigerian National Petroleum Corporation (NNPC) Thursday announced an 858% leap in its trade surplus from N2.12 billion in June to N20.36 billion in July, citing...
The Nigerian National Petroleum Corporation (NNPC) said it would support the current initiatives of the Federal Ministry of Petroleum Resources aimed at offering alternate energy source...
The Nigerian National Petroleum Corporation (NNPC) Wednesday night announced vast oil find in the Benue Trough, a geological structure spanning about 1,000 kilometres northeast from the...
Nigeria will sell its majority shareholding and forfeit its controlling stake in all its four comatose oil refineries if the ongoing negotiation talks succeed, the Group...
There are fresh doubts over the federal government’s claim of full deregulation of the downstream segment of the petroleum industry with the latest admission by the...
“So this is how we will just adjust to the new fuel price at the petrol stations, and government will get away with the imposition of...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
The Nigerian National Petroleum Corporation (NNPC) Thursday night declared it had secured a prepayment funding of around $1 billion to boost the upstream operations of its...
The Nigerian National Petroleum Corporation (NNPC) posted a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in order...
Nigerian refineries processed nearly no crude in 13 months, the latest data published by the Nigerian National Petroleum Corporation (NNPC) showed on Thursday. Within that time,...
The Senate has ordered the Accountant-General of the Federation Ahmed Idris to conduct an inquiry into the $18.32 billion allegedly paid as dividends by the Nigerian...
The Nigerian National Petroleum Corporation (NNPC) on Sunday announced a total crude oil and gas export earnings of $378.42 million for June. The corporation recorded total...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Saturday night the Federal Government had approved the establishment of Nigeria National Petroleum Corporation...
The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed as unfounded and total falsehood, a report on missing 48 million barrels of crude oil. The Group...
The Nigerian Petroleum Development Company (NPDC), which serves as the petroleum exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), will ramp up its...
The Nigerian National Petroleum Corporation (NNPC) is requesting investors to bid to repair pipelines and depots serving its oil refineries, a document posted on its website...
The Nigerian National Petroleum Corporation (NNPC) remitted domestic crude oil and gas sales proceed worth about N1.834 trillion into the Federation Account between 2019 and 2020,...
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it recorded a 43 percent drop in oil pipeline vandalism in the month of May, 2020. The...
A former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Joseph Thlama Dawha, is dead. The NNPC Group General Manager, Group Public Affairs...
A law firm, Afe Babalola & Co, has revealed how the nation was saved from an attempt to defaud it of about $125 million (N47.6 billion)...
Courier and logistics businesses in Nigeria are facing a double whammy of coronavirus crisis and license fee hike in a country with a bad name for difficulty...
The Nigerian National Petroleum Corporation (NNPC) Monday expanded its export of 4 key crude oil grades for September to 756,000 barrels per day, two per cent...
The Nigerian National Petroleum Corporation (NNPC) Wednesday said its trading deficit for April ballooned by 200 per cent to N30.81 billion from the N9.53 billion posted...
Oil unions have lamented the sacking of 850 contract workers at the nation’s refineries by the Nigerian National Petroleum Corporation (NNPC). The groups, the Nigeria Union...