Saturday, August 13, 2022
MARKET UPDATE
Advertisement

TheCable

Tag "NNPC"

Petrol subsidy removal: The case for bridging and ancillaries

    Petrol subsidy removal: The case for bridging and ancillaries

In July this year, the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, affirmed that government subsidy on petrol had risen to some ₦150 billion monthly and made

0 comment Read Full Article

‘Buhari not using NNPC like personal ATM’ — Femi Adesina speaks on N287bn net profit

    ‘Buhari not using NNPC like personal ATM’ — Femi Adesina speaks on N287bn net profit

Femi Adesina, media adviser to President Muhammadu Buhari, says the Nigerian National Petroleum Corporation (NNPC) declared a net profit in 2020 because the president “did not use it as his

0 comment Read Full Article

NNPC: We spent N541bn on petrol subsidy in six months

    NNPC: We spent N541bn on petrol subsidy in six months

The Nigerian National Petroleum Corporation (NNPC) says it spent N541.65 billion on petrol subsidy between February and July 2021. This is according to a document detailing the national oil company’s

0 comment Read Full Article

NNPC declares N287bn net profit for 2020 — ‘first time ever’

  NNPC declares N287bn net profit for 2020 — ‘first time ever’

The Nigerian National Petroleum Corporation (NNPC) has posted N287 billion profit after tax (PAT) for the year ended December 31,

0 comment Read Full Article

NNPC: Setting up filling stations in neighbouring countries won’t stop petrol smuggling

  NNPC: Setting up filling stations in neighbouring countries won’t stop petrol smuggling

The Nigerian National Petroleum Corporation (NNPC) says setting up filling stations in neighbouring countries will not stop petrol smuggling.  Mele Kyari,

0 comment Read Full Article

Mele Kyari: 3% to host communities higher than 30% of profit oil and gas for frontier exploration

  Mele Kyari: 3% to host communities higher than 30% of profit oil and gas for frontier exploration

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says allocation of three percent oil companies operating

0 comment Read Full Article

NPDC to begin oil exploration in Ogoniland

  NPDC to begin oil exploration in Ogoniland

The Nigerian Petroleum Development Company (NPDC) Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says it is ready

0 comment Read Full Article

NNPC inaugurates board to oversee refineries

  NNPC inaugurates board to oversee refineries

The Nigerian National Petroleum Corporation (NNPC) has inaugurated the board of Greenfield Refinery Limited (NGRL), its subsidiary established to oversee

0 comment Read Full Article

Falana: Petrol smuggling has official backing — NNPC must build filling stations in neighbouring countries

  Falana: Petrol smuggling has official backing — NNPC must build filling stations in neighbouring countries

Femi Falana, a senior advocate of Nigeria (SAN), says the smuggling of petrol to neighbouring countries is “officially carried out”.

0 comment Read Full Article