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Report: NNPC mulls $2.5bn loan facility for stake in Dangote Refinery

    Report: NNPC mulls $2.5bn loan facility for stake in Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) is reportedly in talks with investors to borrow $2.5 billion to acquire a stake in the Dangote Refinery. Reports by Daily Independent, said the

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ARDA: African countries need $15.7bn to upgrade oil refineries

    ARDA: African countries need $15.7bn to upgrade oil refineries

The African Refiners and Distributors Association (ARDA), a pan-African organisation for the downstream oil sector in Africa, says Nigeria and other countries in the continent require $15.7 billion to upgrade

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Sylva: FG to collaborate with African countries on local content

    Sylva: FG to collaborate with African countries on local content

Timipre Sylva, minister of state for petroleum, has called for a collaboration among 54 African countries with the African Continental Free Trade Area (AfCFTA) to grow local capacities in the

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NNPC: $40bn investment needed to accomplish gas plan

    NNPC: $40bn investment needed to accomplish gas plan

The Nigerian National Petroleum Corporation (NNPC) says $40 billion investment is needed to accomplish the nation’s gas plan. Yusuf Usman, chief operating officer for gas and power at NNPC, made

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NNPC warns against filling stations imitating its retail outlets

    NNPC warns against filling stations imitating its retail outlets

The Nigerian National Petroleum Corporation (NNPC) has asked the general public to be wary of filling stations imitating its retail

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Oil prices hit 2-year high as OPEC+ agrees to continue production cuts

    Oil prices hit 2-year high as OPEC+ agrees to continue production cuts

Oil prices surged to the highest in more than two years on Tuesday, as the world’s biggest crude producers agreed

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DPR: 7,000 oil reserves discovered, only 1,700 producing

    DPR: 7,000 oil reserves discovered, only 1,700 producing

The Department of Petroleum Resources (DPR) says that out of 7,000 oil reserves that have been discovered in the country,

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DPR concludes marginal field bid round — first in 18 years

    DPR concludes marginal field bid round — first in 18 years

The Department of Petroleum Resources (DPR) on Monday awarded letters to successful investors in the 2020 marginal field bid round

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NNPC seeks equity participation in six private refinery projects

    NNPC seeks equity participation in six private refinery projects

The Nigerian National Petroleum Corporation (NNPC) says it is has identified at least six private refinery projects in which it

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NNPC to deduct N126bn from remittance to FAAC in June

    NNPC to deduct N126bn from remittance to FAAC in June

The Nigerian National Petroleum Corporation (NNPC) says it will deduct about N126 billion from its remittance to the Federation Account

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