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…
The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mele Kyari, has said its posting of N287bn profit after tax in the 2020 financial year was due to effective cost management. Kyari stated this at a press conference in Abuja…
The Nigeria’s Nigerian National Petroleum Corporation, NNPC, has assured a steady supply of 300,000 barrels a day, b/d of crude to the 650,000 b/d Dangote oil refinery, which is still under construction. The plan is to bolster domestic fuel supply…
The Nigerian National Petroleum Corporation (NNPC) is considering an Initial Public Offering (IPO) after declaring a profit, the first in its 44-years of operation. “A listing would draw on the experience of Saudi Aramco, the Saudi Arabian oil giant that…
President Muhammadu Buhari has announced a Profit After Tax (PAT) of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020 for the first time in its history 44 years. Buhari in a statement issued on Thursday by his…
