NNPC Records Huge Loss As Subsidy Exceeds Oil Revenue By N210bn In H1 2022
The Federal Government recorded zero remittances to the federation account from the Nigerian National Petroleum Commission throughout the first half...
NNPC Limited To Launch IPO Mid 2023
The Nigerian National Petroleum Company Limited will launch an Initial Public Offering (IPO) in the middle of 2023, OduNews reports.
Nigeria And The New NNPC By Reuben Abati
This day, July 19, should go down as a special moment in the economic history of Nigeria – the day...
NNPC Confirms Death of Barkindo, OPEC Secretary-General
[ODUNEWS] July 6 – The Nigeria National Petroleum Company Limited (NNPC) Group Managing Director(GMD), Mele Kyari, has confirmed the death...
Petrol Subsidy Rises To N2.84trn In 17 Months
The total amount paid for fuel subsidy has risen to N2.84 trillion in 17 months, OduNews reports.
Nigerian States To Lose N18.8bn In Oil, Gas Revenues In 2022 – World Bank
The World Bank has projected that Nigerian states will record an N18.8bn loss in oil and gas revenues in 2022.
Fuel Scarcity Worsens In Lagos As Filling Stations Hoard Fuel
Many filling stations in Lagos on Monday closed their pumps to motorists leading to long queues in the few that...
NNPC: Nigeria Produced 78% Of OPEC Oil Quota In April
NIGERIA’s oil production in April 2022 averaged 1.354 million barrels per day, mbpd, about 78 percent of the 1.735 mbpd...
Russia-Ukraine War: Fuel Scarcity Continues In Nigeria As Oil Vessels Are Stuck On Sea
The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called...
FG Begins Probe Of Adulterated Fuel Imports
The Federal government has initiated the process to investigate the supply of adulterated petrol to the country, which has given...
5 Misconceptions About The Petroleum Industry Act (PIA) 2021
By Suraj Oyeleye 1. NNPC is being privatized? No, NNPC is not privatized. NNPC is only becoming a limited liability...
Mele Kyari Demands 2.5% For Oil Communities In PIB
Mele Kolo Kyari, the NNPC boss may have incurred the wrath of oil communities by asking the National Assembly to...
Enugu Gives 14-Day Eviction Notice To Eke-obinagu Traders, NNPC Tankers
The Enugu Capital Territory Development Authority (ECTDA) has ordered all bystanders, hawkers, highway traders and petroleum tankers at Eke Obinagu,...
Nigerian News Headlines For Today, 4 March 2021
Here are the major newspaper headlines for today, Thursday 4 March 2021: 1. As the level of insecurity continues to...
NNPC Says No Plan To Increase Petrol Price, Cautions Against Panic Buying
The Nigerian National Petroleum Corporation (NNPC) has cautioned motorists to stop panic buying of Premium Motor Spirit (PMS), also known...
Petrol Will Sell For N230 Per Litre In March – Marketers
Premium Motor Spirit (PMS) also known as petrol is to sell for as much as N230 per litre in March,...
Petroleum Ministry Vehicles Will Now Run On Autogas – FG
The Federal Government has ordered the chief executive officers and their lieutenants in agencies under the Federal Ministry of Petroleum...
South West IPMAN Orders Members To Sell Fuel N150/Litre
The South West chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has ordered its members in the region...
Seven Workers Killed In Explosion At NNPC Facility
Seven persons have died after an explosion broke out at an Oil Mining Lease operated by the Nigerian Petroleum Development...
Nigerians Fume As NNPC Documents Reveal Kaduna Refinery Spent N64bn In 2018 With Zero Revenue
A cross-section of Nigerians have taken to social media to react to documents released by the Nigerian National Petroleum Commission...