The African Export-Import Bank and the United Bank for Africa have disbursed $2.25 billion of the $3.3 billion oil-for-cash loan facility arranged by the Nigerian National Petroleum Company Limited. In a statement from UBA over the weekend, an initial disbursement…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a profit of N2.548 trillion in 2022, the highest within 47 years of the National pil company’s existence. This was disclosed in its 2022 Financial Performance Report posted online. In…
The Nigerian National Petroleum Company Limited is expected to supply four crude oil cargoes from its February programme to the $20 billion Dangote refinery. Dangote refinery, which is poised to begin operations after years of construction delays, is to get…
For decades Nigeria has been besetted by importation of petroleum products, occasioned by non-functionality of our local refineries, thereby throwing the nation into untold hardship. The ordeal has been like that of rat race, where heaps of promises by the…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPC Ltd) over the “failure to disclose details of Nigeria’s daily oil production, exportation and the total amounts of revenues generated from…
The Federal Government on Thursday announced the mechanical completion and flare start off of the Port Harcourt Refining Company Limited (PHRC). Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) disclosed this on Thursday in Port Harcourt during a media…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with TotalEnergies for adoption and deployment of Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in its upstream operations. The agreement is a direct benefit from…
Mele Kyari has said that the NNPC Ltd delivered N4.5 trillion to the federation account in October 2023. Kyari said this during a session with the Senate Committee on Finance at the National Assembly complex during the week in Abuja.…
…Clarifies Nigeria’s OPEC quota The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief Executive Officer (GCEO) of the…
Nigeria recorded 127 crude oil theft incidents between December 2 and 8. This is according to data shared in a report by the Nigerian National Petroleum Company Limited (NNPC Ltd) via its X (formerly Twitter) account on Tuesday, December 12.…
