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Tag "Nigerian National Petroleum Company"

FG, Shell sign gas supply deal for $3.8bn Brass methanol project

    FG, Shell sign gas supply deal for $3.8bn Brass methanol project

The federal government says it has struck a deal for Shell to supply gas to its proposed $3.8 billion Brass methanol facility. Ekperikpe Ekpo, minister of state for petroleum resources

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FG now spends N600bn monthly on petrol subsidy, Rainoil CEO claims

    FG now spends N600bn monthly on petrol subsidy, Rainoil CEO claims

Gabriel Ogbechie, chief executive officer (CEO) of Rainoil Limited, claims the federal government (FG) now spends N600 billion on petrol subsidy monthly. Ogbechie spoke on Tuesday during the Stanbic IBTC

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Report: NNPC owes $3bn backlog on petrol payments to fuel traders

    Report: NNPC owes $3bn backlog on petrol payments to fuel traders

The Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol. According to Reuters on Monday, three sources confirmed the development. The debt is

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Crude oil price rises to $87 per barrel — highest since October 2023

    Crude oil price rises to $87 per barrel — highest since October 2023

Crude oil prices, on Monday, increased to a five-month high. Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent,

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Kyari: Nigeria needs $15bn in next three years to build gas infrastructure

  Kyari: Nigeria needs $15bn in next three years to build gas infrastructure

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says about $15 billion is

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Report: Oil firms ask FG to approve IOCs’ divestment to end uncertainty

  Report: Oil firms ask FG to approve IOCs’ divestment to end uncertainty

Oil majors have expressed frustration at Nigeria’s slow progress in approving asset sales in the country. There have been delays

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OPEC to Nigeria: Raise oil output to remain a reliable energy source

  OPEC to Nigeria: Raise oil output to remain a reliable energy source

Organisation of the Petroleum Exporting Countries (OPEC) has advised Nigeria to raise its crude production to remain a reliable energy

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We’re not hindering divestment by foreign oil companies, says NNPC

  We’re not hindering divestment by foreign oil companies, says NNPC

The Nigerian National Petroleum Company (NNPC) Limited says its role in the divestment of international oil companies (IOCs) from onshore

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‘Interest rate might drop’ — Oramah addresses NNPC’s oil-for-cash loan agreement

  ‘Interest rate might drop’ — Oramah addresses NNPC’s oil-for-cash loan agreement

Benedict Oramah, president of African Export-Import Bank (Afreximbank), has addressed the oil-for-cash loan agreement with the Nigerian National Petroleum Company

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Tax credit scheme: FIRS, NNPC to terminate non-performing road construction contracts

  Tax credit scheme: FIRS, NNPC to terminate non-performing road construction contracts

The Federal Inland Revenue Service (FIRS) says it has collaborated with the Nigerian National Petroleum Company (NNPC) Limited and the

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