The Nigerian National Petroleum Company (NNPC) Limited has clarified the accusations of non-remittance to the federation coffers by the Nigeria Extractive Industries Transparency Initiative (NEITI). Recall that the Nigeria Extractive Industries Transparency Initiative (NEITI) had last year stated that the…
TotalEnergies, in collaboration with the Nigerian National Petroleum Company Ltd., (NNPCL) has reiterated its commitment to ensuring consistent implementation of sustainable community development projects in Nigeria. The Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS), Mr Bala Wunti…
The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year. NNPCL disclosed this in a document…
The Nigerian National Petroleum Company Limited, on Wednesday, said a total of 10,166 illegal refineries and crude oil connections were destroyed in Nigeria since 2021. It specifically stated that over 5,686 illegal refinery sites were destroyed, while 4,480 illegal crude…
The Nigerian National Petroleum Company Limited says it has in the past one week uncovered no fewer than 83 illegal refineries in the Niger Delta. The NNPCL disclosed this on its X (formerly Twitter) handle on Tuesday, as part of…
Former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has advised the Nigerian National Petroleum Company (NNPC) Limited to privatise the state owned refineries to avoid incurring debts. In a post via his X…
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…
