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NNPC secures $5bn commitment from Afreximbank to fund Nigeria’s upstream sector

    NNPC secures $5bn commitment from Afreximbank to fund Nigeria’s upstream sector

The Nigerian National Petroleum Company (NNPC) Limited has secured a $5 billion funding commitment from the African Export-Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector.  In a

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EXCLUSIVE: Petrol subsidy payments gulped N1.4trn in 2021 — N270bn in December alone

    EXCLUSIVE: Petrol subsidy payments gulped N1.4trn in 2021 — N270bn in December alone

Petrol subsidy payments gulped N1.43 trillion in 2021, shrinking revenue accrued to the federation account to N542 billion — a shortfall from the projected N2.51 trillion. Subsidy or under-recovery is

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Subsidy Removal: Why is Buhari throwing Zainab Ahmed, Osinbajo under the bus?

    Subsidy Removal: Why is Buhari throwing Zainab Ahmed, Osinbajo under the bus?

In 2011, President Muhammadu Buhari told us that he did not understand what petrol subsidy was, and we did not take him seriously. Today, we are living to reap the

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‘Focus on profitability, be mindful of our net zero commitments’ — Buhari tells NNPC board

    ‘Focus on profitability, be mindful of our net zero commitments’ — Buhari tells NNPC board

President Muhammadu Buhari has urged the new board of Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with corporate governance principles. He advised them to prioritise business with

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NNPC calls for calm as fire breaks out at Port Harcourt refinery

  NNPC calls for calm as fire breaks out at Port Harcourt refinery

The Nigerian National Petroleum Corporation (NNPC) has asked residents of Rivers who live around the refinery in Port Harcourt not

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N1trn in 10 months… how petrol subsidy payments put a dent on Nigeria’s revenue in 2021

  N1trn in 10 months… how petrol subsidy payments put a dent on Nigeria’s revenue in 2021

The tenacious under-recovery of premium motor spirit (PMS), also known as petrol subsidy, created a messy revenue for the federation

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NNPC: Lagos pipeline explosion will not disrupt supply of petroleum products

  NNPC: Lagos pipeline explosion will not disrupt supply of petroleum products

The Nigerian National Petroleum Company (NNPC) says the pipeline fire at Iyana-Odo/Baruwa axis of Lagos will not disrupt the supply

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Subsidy payment gulps N131bn in November as NNPC remits N10bn to federation account

  Subsidy payment gulps N131bn in November as NNPC remits N10bn to federation account

The total contribution of the Nigerian National Petroleum Corporation (NNPC) to the federation account dropped to N10.54 billion in November

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Again, NNPC raises alarm over fake recruitment exercise

  Again, NNPC raises alarm over fake recruitment exercise

The Nigerian National Petroleum Company Limited (NNPC) says it is not recruiting employees for any position in its offices. Garba

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NNPC: We’ll continue to boost gas supply to curb high prices

  NNPC: We’ll continue to boost gas supply to curb high prices

The Nigerian National Petroleum Corporation (NNPC) says it will continue to increase the supply of Liquefied Petroleum Gas (LPG) to

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