The Nigerian National Petroleum Company (NNPC) Limited said it has ended its production sharing contract (PSC) relationship with China-based Addax Petroleum. The NNPC made the announcement via its official Twitter account on Tuesday, January 31. NNPC Group Chief Executive Officer,…
Nigeria’s NNPC spent 4.39 trillion naira ($9.7 billion) on petrol subsidy last year, latest data from the state-owned firm showed on Friday, a cost the government has blamed for dwindling public finances. NNPC did not remit funds to federal accounts…
There was drama at the Federal High Court, Abuja on Monday as two Senior Advocates of Nigeria, SANs, representing the Nigeria National Petroleum Company, (NNPC) in the N100 billion suit filed by Sen. Ifeanyi Ararume against the company walked out…
A Chief Magistrates’ Court sitting at Iyaganku , Ibadan, has ordered the remand of five men at the Agodi Correctional center, Ibadan , for alleged murder of three women. The accused are, Oyetunji Omotayo, 29, Akinlabi Michael, 28, Oyetunji Rotimi,…
In continuation of its oil exploration activities in the Country’s inland basins, the NNPC Limited is set to spud the first oil well in Nassarawa state in March 2023. The Group Chief Executive Officer of the Company, Mallam Mele Kyari,…
The Group Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari, said official oil drilling will begin in Keana, Nasarawa State by March 2023. He stated this on Friday, January 13 during an official visit by the Nasarawa…
Nigeria could attain 2.2 million barrels crude oil production level in 2023, but for the Organisation of Petroleum Exporting Countries (OPEC) oil production quota restriction, the group chief executive officer of the Nigerian National Petroleum Company, Mele Kyari, has said.…
Investigations have revealed that Tantita Security Services engaged by National Petroleum Company Ltd (NNPCL) has arrested 68 illegal oil vessels stealing Nigeria’s crude oil. A senior official of NNPCL hinted Nigerian NewsDirect that over 68 vessels involved in crude oil theft have…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to make petroleum products available to the masses. The group said Nigerian masses are in agony over the scarcity of petroleum products, leading to the inability…
The House of Representatives has urged the Nigerian Petroleum Development Company (NPDC) to suspend its planned auction of the oil mining licence (OML) 11 asset. This followed the adoption of a motion of urgent national importance by Rep Victor Mela…
