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Tag "Nigerian National Petroleum Company (NNPC) Limited"

NNPC signs $1.4bn financing deal for hydrocarbon projects

    NNPC signs $1.4bn financing deal for hydrocarbon projects

The Nigerian National Petroleum Company (NNPC) Limited says it has sealed a $1.4 billion external project finance agreement for hydrocarbon projects in the Niger Delta. The agreement, codenamed Project Panther

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Petrol scarcity: NNPC blames Lagos road projects, says loadout will increase at depots

    Petrol scarcity: NNPC blames Lagos road projects, says loadout will increase at depots

The Nigerian National Petroleum Company (NNPC) says the petrol scarcity experienced in parts of the country is caused by the ongoing road projects in Lagos. Adeyemi Adetunji, executive vice-president, downstream,

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Oil theft: NNPC, petroleum institute to deploy anti-theft system on pipelines

    Oil theft: NNPC, petroleum institute to deploy anti-theft system on pipelines

The Petroleum Training Institute says it will collaborate with the Nigerian National Petroleum Company (NNPC) Limited to install anti-theft integrated monitoring systems on pipelines to protect the facility against oil

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NNPC generated N674bn profit in 2021, says Kyari

    NNPC generated N674bn profit in 2021, says Kyari

The Nigerian National Petroleum Company (NNPC) Limited has declared a profit after tax (PAT) of N674 billion for the year ended 2021.  Mele Kyari, group chief executive officer (GCEO), NNPC

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OPEC+ meeting, Lagos development plan… 7 top business news to track this week

  OPEC+ meeting, Lagos development plan… 7 top business news to track this week

Here are the seven top business news you need to track this week — October 3 to October 7. OPEC+

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NNPC: Six IOCs to remit N380bn for domestic crude oil sales in October

  NNPC: Six IOCs to remit N380bn for domestic crude oil sales in October

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion next month as

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The Economist: Why Nigeria is not benefitting from ‘merry petro-party’

  The Economist: Why Nigeria is not benefitting from ‘merry petro-party’

Price controls and low production are the major reasons stopping Nigeria from profiting from the global oil boom. The Economist

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Bridging claims: NMDPRA moves to halt marketers’ strike as petrol scarcity hits Abuja

  Bridging claims: NMDPRA moves to halt marketers’ strike as petrol scarcity hits Abuja

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is making efforts to halt a three-day warning strike

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Nigeria’s petrol subsidy payments hit N2.04trn in seven months

  Nigeria’s petrol subsidy payments hit N2.04trn in seven months

The Nigerian National Petroleum Company (NNPC) Limited says it deducted N448.78 billion in July to cater for subsidy payments. The

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EXTRA: Churches, mosques involved in pipeline vandalism, oil theft, says NNPC

  EXTRA: Churches, mosques involved in pipeline vandalism, oil theft, says NNPC

Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says churches, mosques, security agencies as well

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