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NNPC: Government owes us N170.5bn ‘in subsidy arrears’

    NNPC: Government owes us N170.5bn ‘in subsidy arrears’

Rather being the one owing the federation, the Nigerian National Petroleum Corporation (NNPC) says the government was indebted to the corporation to the tune of N170.6 billion in outstanding subsidy payments

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Crude oil earnings down 50% in November — blame it on ‘subsidy’

    Crude oil earnings down 50% in November — blame it on ‘subsidy’

Crude oil export revenue by Nigerian National Petroleum Corporation (NNPC) fell sharply by one-half in November 2017 to $113.97 million.

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FG to amend gas flaring laws, make flaring more expensive-Report

The federal government is concluding plans to make gas flaring costly for companies to improve its revenue generating stream. In an interview with Bloomberg, Kemi Adeosun, minister of finance, says

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NPDC projects 300,000 bpd rise in crude oil production in 4 years

The Nigerian Petroleum Development Company (NPDC), says will increase its daily crude oil production by 3000,000 barrels per day (bpd) before 2022. The NPDC, an upstream subsidiary of the Nigerian

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REVEALED: Militants not solely responsible for oil production losses

    REVEALED: Militants not solely responsible for oil production losses

Nigeria struggled to meet its 2017 oil production target of 2.3mbpd and missed revenue projections for the year’s budget but

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‘Fuel smuggling on the rise’ — Baru raises the alarm

    ‘Fuel smuggling on the rise’ — Baru raises the alarm

Men of the Niger state command of the Nigeria Security and Civil Defence Corps (NSCDC) have seized eight trucks laden

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EXCLUSIVE: Shell, ENI take final investment decision on ‘juicy’ OPL 245

    EXCLUSIVE: Shell, ENI take final investment decision on ‘juicy’ OPL 245

Despite the litany of court cases surrounding the award of the juicy deepwater OPL 245, the two principal stakeholders in

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NNPC inching closer to raising funds to repair ailing refineries

    NNPC inching closer to raising funds to repair ailing refineries

The Nigerian National Petroleum Corporation (NNPC) said on Tuesday it was inching closer to finalising the financing for the major rehabilitation of

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More NNPC depots coming — but existing 23 are less than functional

    More NNPC depots coming — but existing 23 are less than functional

The Nigerian National Petroleum Corporation (NNPC) says it will build more depots for petroleum products across the country.

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Petrol scarcity: NNPC sends 250 trucks to Lagos

    Petrol scarcity: NNPC sends 250 trucks to Lagos

The Nigerian National Petroleum Corporation (NNPC) says it has released 250 trucks of petrol to Lagos metropolis to combat scarcity.

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