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Tag "Nigerian National Petroleum Company"

‘Shun panic buying’ — NNPC says 1.5bn litres of petrol available for supply

    ‘Shun panic buying’ — NNPC says 1.5bn litres of petrol available for supply

The Nigerian National Petroleum Company (NNPC) Limited says it has over 1.5 billion litres stock of premium motor spirit (PMS), also known as petrol. In a statement on Tuesday by

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Moghalu to FG: Stabilise naira at actual market value | Raise $30bn from NNPC IPO

    Moghalu to FG: Stabilise naira at actual market value | Raise $30bn from NNPC IPO

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has advised the federal government to stabilise the naira at its true market value. Moghalu spoke in

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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

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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

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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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