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Tag "NNPC"

NNPC to receive N422bn from six IOCs for domestic crude oil sales

    NNPC to receive N422bn from six IOCs for domestic crude oil sales

The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N442.37 billion in August as proceeds from the sale of domestic crude oil in May

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NEC to set up committee over governors’ concerns on NNPC’s ownership structure

    NEC to set up committee over governors’ concerns on NNPC’s ownership structure

The national economic council (NEC) has issued a directive to set up a sub-committee to consider concerns raised by state governors over the ownership structure of the Nigerian National Petroleum

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EXCLUSIVE: Nigeria’s petrol subsidy in 6 months surpassed NNPC’s oil revenue by N210bn

    EXCLUSIVE: Nigeria’s petrol subsidy in 6 months surpassed NNPC’s oil revenue by N210bn

In the first half of 2022, petroleum subsidy claims surpassed oil and gas revenue from crude sales by N210 billion, TheCable understands. The revenue excludes other revenue sources from oil

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Oil theft: EU, NNPC inspect illegal refinery site in Rivers

    Oil theft: EU, NNPC inspect illegal refinery site in Rivers

The European Union(EU), the Nigerian National Petroleum Company Ltd (NNPC), and the Joint Task Force (JTF) Operation Delta Safe have visited an illegal refining site in Rivers state to inspect

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NNPC Limited will not tie subsidy, petrol price to operations, says Mele Kyari 

  NNPC Limited will not tie subsidy, petrol price to operations, says Mele Kyari 

The Nigerian National Petroleum Company Limited (NNPC) says it will ensure the provision of petroleum products to the federal government.

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OBITUARY: Mohammed Barkindo, the political scientist who became a star at OPEC

  OBITUARY: Mohammed Barkindo, the political scientist who became a star at OPEC

The unpredictability of death has been mankind’s eternal worry. It remains a phenomenon that dribbles humanity despite trillions of dollars

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EXCLUSIVE: Petrol subsidy payments gulped N1.27trn in five months

  EXCLUSIVE: Petrol subsidy payments gulped N1.27trn in five months

For the fifth time in 2022, the Nigerian National Petroleum Company (NNPC) Limited failed to remit revenue to the federation

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Petrol scarcity to continue as NNPC is hit by low share of crude oil

  Petrol scarcity to continue as NNPC is hit by low share of crude oil

Nigeria may be inching towards another round of petrol scarcity as available statistics point toward extreme low crude oil production.

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Low loadouts, after-holiday purchases… NNPC gives reasons for petrol queues in Abuja

  Low loadouts, after-holiday purchases… NNPC gives reasons for petrol queues in Abuja

The Nigerian National Petroleum Corporation (NNPC) says “low loadouts” at depots are “very likely” contributing to the queues observed at

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INSIGHT: Nigeria’s N4trn budget for petrol subsidy is more than 2021 CIT, VAT combined

  INSIGHT: Nigeria’s N4trn budget for petrol subsidy is more than 2021 CIT, VAT combined

On Thursday, the national assembly approved the request of President Muhammadu Buhari to earmark N4 trillion for petrol subsidy in

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