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Tag "NNPC"

NNPC, First E&P begin production at OML 85, target 20,000 bpd

    NNPC, First E&P begin production at OML 85, target 20,000 bpd

The Nigerian National Petroleum Company (NNPC) Limited and its joint venture partner in oil mining lease (OML) 85, First Exploration and Petroleum Development Company Limited (First E&P) have commenced oil

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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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Oil-for-cash loan: Nigeria to recieve $1bn from Afreximbank in May

    Oil-for-cash loan: Nigeria to recieve $1bn from Afreximbank in May

The federal government is expected to receive $1.05 billion from a syndicated loan backed by oil by the end of May to help revive the economy and improve the foreign-exchange

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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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NIN-SIM deadline, banks’ recapitalisation… 7 business stories to track this week

  NIN-SIM deadline, banks’ recapitalisation… 7 business stories to track this week

Here are the seven top business stories you need to track this week — April 1 to April 5. NNPC

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MPC meeting, Nigeria’s public debt… 7 business stories to track this week

  MPC meeting, Nigeria’s public debt… 7 business stories to track this week

Here are the seven top business stories you need to track this week — March 25 to March 29. CBN

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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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NNPC public listing is within sight, says Kyari

  NNPC public listing is within sight, says Kyari

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the public listing of

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NNPC rekindling passion for sports development in Nigeria

  NNPC rekindling passion for sports development in Nigeria

BY NNAMDI OKOSIEME If there is one organization in Nigeria that has contributed wholesomely to sports development in the country,

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Mele Kyari: Port Harcourt refinery to begin production by month end

  Mele Kyari: Port Harcourt refinery to begin production by month end

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the Port Harcourt refinery

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