The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation will strengthen partnership with TotalEnergies for effective delivery of services to stakeholders. Kyari disclosed this when the new President, Exploration and Production of…
The Nigerian National Petroleum Corporation (NNPC) has denied tampering with funds meant for the federation account to declare its first profit of N287 billion in 44 years. This was following doubts expressed by some critics over NNPC’s declaration of profit…
The Director/Chief Executive Officer of the Department of Petroleum Resources, DPR, Sarki Auwalu has said from every indication the Nigerian National Petroleum Corporation, NNPC, has taken commendable steps to boost the country’s energy security. Auwalu, therefore commended achievements of the…
Following up on President Muhammadu Buhari’s recent announcement of the declaration of two hundred and eighty seven billion Naira (N287bn) Profit After Tax (PAT) in year 2020 by the Nigerian National Petroleum Corporation (NNPC), the Corporation has consolidated on the…
The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to partner with the Nigerian Exchange Limited (NGX) on exploring several financing options in the capital market for the corporation. This is coming after NNPC announced plans to get listed…
Nigerian National Petroleum Corporation (NNPC) has said that petrol smuggling to neighbouring nations is being aided by differential prices in Nigeria and other countries. This was disclosed by the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari in a…
The Nigerian National Petroleum Corporation earned revenue of N4.61tn and spent N4.52tn in 2020, according to a report released on Friday. The report, titled ‘2020 NNPC Annual Performance Review’, was developed by BudgIT in partnership with Oxfam. According to the…
The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling of petroleum products have been largely hampered by existing arbitrage fueled by the prevailing huge price…
The Nigeria National Petroleum Corporation (NNPC), which is looking to pay for a 20% stake in the refinery representing $2.7 billion, will be paying one-third of the money in cash, one-third in the supply of crude and one-third from the profit the…
The Nigerian National Petroleum Corporation (NNPC) has said that it is considering an initial public offer (IPO) of its shares after declaring profit for the first time in its 44 years of operation in the 2020 financial year. This is…
