Petrol Subsidy Gulps Over N400bn Monthly – NNPC
The Nigerian National Petroleum Company Limited says fuel subsidy now gulps over N400 billion monthly.
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The Nigerian National Petroleum Company Limited says fuel subsidy now gulps over N400 billion monthly.
Nigeria's oil production rose by 1.9% to 1,258 million barrels per day in January 2023 from 1.235 mb/d in December 2022, OduNews reports.
The group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has given reasons for the prolonged fuel scarcity in the country.
The Nigerian National Petroleum Company Limited says cases of oil theft in the Niger Delta region have been reduced 'significantly'.
The Nigerian National Petroleum Commission (NNPC) Limited remitted nothing to the federal government coffers in August as its subsidy deduction increased to N2.565 trillion.
The Federal Government has so far spent N12.3 billion on pipeline protection and maintenance, OduNews reports.