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...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The Nigerian National Petroleum Corporation (NNPC) Thursday said it ramped up average daily natural gas supply to power plants by 19.14 per cent and transferred Naira...
Seven workers have lost their lives in an explosion that occurred at the Nigerian National Petroleum Corporation Oil mining lease 40 operated by the Nigerian Petroleum...
The Director-General, Lagos State Emergency Management Agency (LASEMA), Dr. Olufemi Oke-Osanyintolu, has said that hoodlums have vandalized a pipeline at Aboru, Iyan-Ipaja, in efforts to steal...
The House of Representatives Tuesday said it would pursue an inquiry into the reported illegal withdrawals coming to $1.05 billion by Nigerian National Petroleum Corporation (NNPC)...
Northern youth groups on Monday kicked against the hike in the pump price of petrol announced by the Federal Government, calling for an immediate reversal. They...
State-owned Nigerian National Petroleum Corporation (NNPC) Sunday announced new appointments and redeployments across its leadership, four days after its immediate-past Chief Operating Officer (COO), Roland Ewubare,...
Mr Roland Ewubare, the Chief Operating Officer, Joint Ventures and Business Development, Nigerian National Petroleum Corporation (NNPC) has resigned from the national oil company. Although, the...
The Nigerian National Petroleum Corporation (NNPC) might end up being the major importer of fuel in the country as petroleum products marketers in the country confront...
The Nigerian National Petroleum Corporation (NNPC ) Wednesday declared a trade deficit of N9.53 billion in its operations for March 2020, translating to a steep fall...
Deutsche Bank Luxembourg S.A. has completed a landmark US$3 billion Export Credit Agency (ECA)-backed hybrid corporate financing for Nigeria LNG Limited (NLNG) to develop the NLNG...
The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements for 2018 online in an effort to enhance the openness around its operations. NNPC...
The failure to fix Nigeria’s refineries over the years is essentially a strategy problem, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele...
The Nigerian National Petroleum Corporation (NNPC) has said it will end its crude sales discount regime next month. Mele Kyari, the Group Managing Director, made the...
The Nigerian National Petroleum Corporation (NNPC) has revealed that a number of its partners are producing oil in Nigeria at $93 per barrel. Mele Kyari, the...
If there is a sector in storming water, it is the oil and gas where the pandemic wrought shocking havoc. Top officials throughout month of April...
The Nigerian National Petroleum Corporation (NNPC) said on Friday pipeline vandalism, crude oil theft and other criminal activities were responsible for high cost of crude oil...
The Nigerian government has handed fuel marketers promissory notes totalling N168 billion and redeemable in 3 years to oil marketers as settlement for the subsidy debts...
The Nigerian Senate Committee on Finance has asked the National Petroleum Corporation (NNPC) to explain why the cost of oil production is ‘very high’ in Nigeria....
The Pan-Niger Delta Forum (PANDEF) has responded to the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC) by President Muhammadu Buhari on Saturday....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
President Muhammadu Buhari has reconstituted the board of state-owned Nigerian National Petroleum Corporation (NNPC) after the tenures of members appointed in 2016 expired. The president’s decision...
The immediate past General Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru is dead. The news of his death was announced...
State-owned Nigerian National Petroleum Corporation (NNPC) aims to scale down oil production spending by as much as between 33 and 41 per cent to attain a...
The Nigerian National Petroleum Corporation (NNPC) has declared that professional competence, adherence to the principle of transparency and accountability was the yardstick used to engage the...
The Nigerian National Petroleum Corporation (NNPC) took the latest decision of marking down the ex-depot price of petrol in a bid to keep it competitive after...
The Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) Monday agreed to fund the feeding and accommodation of Nigerians evacuated from foreign...
Nigeria’s spending on petrol in the thirteen-month period between February 2019 and February 2020 came to N2.5 trillion out of the total N2.6 trillion expended by...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, said on Tuesday the Corporation and its partners would extend the ongoing COVID-19...
The Nigerian National Petroleum Corporation (NNPC) Wednesday night announced a cut in the ex-depot price of petrol from N113.28 per litre to N108. According to the...
The Nigerian National Petroleum Corporation (NNPC) has said the Nigerian government will put marginal oilfields up for auction in spite of the slump in oil prices....
Nigeria’s state-owned refineries recorded a combined operational loss of N9.6 billion in January 2020, the latest figures on the financial performance of the plants from the...
A fire outbreak on Monday at the Nigeria National Petroleum Corporation (NNPC) filling station in the Ifako-Ijaiye area of Lagos destroyed 30 vehicles, the state emergency...
The Buhari Media Organisation (BMO) has attacked Atiku Abubakar for calling for the establishment of crude oil reservoir in Nigeria. Atiku, a former Vice President and...
In a bid to fight against the spread of COVID-19, the Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Producers Group (IPPG) have donated six...
Despite an increase in pipeline vandalisation cases by 50%, Nigeria posted crude oil and gas export sales revenue of $434.85 million in January, the latest Monthly...
The Nigerian National Petroleum Corporation (NNPC) has said the country might have to halt the production of oil if the prices of oil continued to fall...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, Wednesday disclosed that the Federal Government had paid more than N200 billion to...
A surplus of Nigerian crude weighed on the international oil market on Tuesday with lower demand from China than in the past couple of weeks. Nigeria...
Operators in the downstream sector have said the pump price of gasoline might fall for the third time in barely three weeks if other operators towed...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has stated that the N457 billion planned for subsidy payment in the 2020...
The suspension of the subsidy regime on petroleum products announced by the Nigerian National Petroleum Corporation (NNPC) two days ago would not be seamlessly implemented except...
The Nigerian National Petroleum Corporation (NNPC) has declared that the subsidy regime in petroleum products pricing is over. “Subsidy and under-recovery are zero today and it...
The Director-General of the Lagos State Emergency Management Agency (LASEMA), Dr. Olufemi Oke-Osanyintolu, said on Saturday the agency monitored the repair of the vandalized pipeline at...
The Nigerian National Petroleum Corporation (NNPC) Saturday confirmed the discovery of a coronavirus case at its estate in the Garki area of Abuja. The Group General...
The Nigerian National Petroleum Corporation (NNPC), on Friday said the 31 American oil workers who were stopped from entering Cross River State on Monday have been...
The Nigerian Government Tuesday night slashed the pump price of gasoline from N125 to N123.5 per litre, the second time in less than two weeks it...