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Nigeria: Federal Govt, IOCs Lose N684bn to Oil Pipeline Shutdown

Eight months after the shutdown of the Trans-Ramos Pipeline, the Federal Government, Shell, Total and Nigeria Agip Oil Company Limited have lost about $1.9bn...

Nigeria: We Won’t Sell NNPC, Refineries, FG Assures Workers

The federal government has assured it has no plan or agenda to sell any of the refineries or the Nigerian National Petroleum Corporation (...

NNPC: Nigeria Earned $640.35m from Crude Oil in October 2018

The Nigerian National Petroleum Corporation (NNPC) has said the country earned $640.35 million from the export of crude oil and gas for the month...

Nigeria: How Energy Sector Fared in 2018

This report summarises key events and developments that shaped Nigeria’s energy sector in 2018 Regardless of how the year ends, the verdict amongst key stakeholders...

Nigeria: NNPC Spends N623.16bn on Fuel Subsidy in 11 Months

Despite claims to the contrary, the Nigerian National Petroleum Corporation (NNPC) has reported to the Federation Account Allocation Committee (FAAC) that it spent N623.16...

Nigeria: NNPC Subsidiary, 22 Others Owing $49m in Gas Flare Fines,...

The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), and 22 other oil companies are yet to pay...

Nigeria’s Hunt For Gas Buyers

Gas supply to the domestic market is a hot topic in Nigeria. Producers want to monetise their gas and need to find credible buyers. Pressure...

Nigeria: NNPC Subsidiary Hits N1.8bn Profit in 2017 – MD

Managing Director, Nigerian National Petroleum Corporation Retail, Mr. Adeyemi Adetunji, said the company made N1.8 billion profit after tax in 2017. Adetunji disclosed this in Abuja...

Nigeria Crude Oil Production To Hit 2.5mbd In 2019 – Oil...

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, yesterday said that Nigeria’s crude oil production is expected to increase from current average of...

Nigeria: Parties Activate Agreement to Stabilise Gas Supply

The Nigerian National Petroleum Corporation (NNPC) and its joint venture partner – Chevron Nigeria Limited (CNL), have signed a ‘side letter’ to formally activate...