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Nigeria: NNPC Products’ Sales Hits N174.62bn In March

The Nigerian National Petroleum Corporation (NNPC) recorded N174.62billion sale of white products in March 2019, the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019 has stated.

Nigeria: NNPC 2018 Remittances to Federation Account Hit N1.26tr

The Nigerian National Petroleum Corporation (NNPC) said it met its financial obligations to the Federation Account in 2018 by remitting N1.26 trillion as against the N1.22 trillion projected in the 2018 budget, recording a surplus of N41billion.

Nigeria: 132 Companies Bid for NNPC’s Crude Sales Contract

The Nigerian National Petroleum Corporation (NNPC) on Thursday opened 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) to its local and international business partners, and potential off-takers and suppliers with 132 organisations indicating interest.

Nigeria: We’ll Sign MoU with Nigeria on Oil, Gas Infrast. Dev....

Aside plans to build a petroleum refinery in Nigeria, Saudi Arabian authorities have also expressed readiness to sign a Memorandum of Understanding (MoU) with President Muhammadu Buhari in May, which will buoy a robust infrastructure developmental blueprint for the oil and gas industry.

Nigeria: NNPC Unlikely to Become Profitable with Huge Under Recovery Cost...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time.

Nigeria: NNPC Says it has Spent Only $1.2bn so far on...

The Nigerian National Petroleum Corporation (NNPC) has confirmed that the actual historical amount spent on the Brass LNG project from inception till...

Nigeria: Firms Should Raise Nigeria’s Oil Production to 7m bpd

The Minister of State for Petroleum Resources, Dr Emmanuel Ibe Kachikwu has challenged exploration and production companies in Nigeria to strive to...

Nigeria: More Gas Should be Freed for Power Generation

With only 18 per cent of total gas produced utilised locally, the Federal Government has advocated increase in volume made available for power generation...

Nigeria: Federal Govt is Planning Installation of Gas Filling Plants in...

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the federal government is working assiduously to ensure the installation of...

Nigeria: Federal Govt Spent N731 Billion to Subsidise Inflated Petrol Imports,...

A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday and obtained by THISDAY yesterday in Abuja...