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Nigeria: NNPC Under-Remitted N78bn to Federation Account – NEITI

The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn to the Federation Account from domestic crude...

Nigeria to Supply 10% of India’s Crude Oil Demand

The Federal Government through the Nigerian National Petroleum Corporation has expressed its readiness to supply 10 per cent of India’s crude oil demand in the face of competing demand for the product from other countries.

Nigeria: Growing Expectations as FG Plans to Reduce Oil Asset Stakes

The planned reduction of government stakes in joint oil ventures with private oil companies, especially international oil companies, has sparked interest from some industry stakeholders

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...