The Nigerian National Petroleum Corporation (NNPC) will become a commercial company within six months, the Minister of State for Petroleum Resources, Timipre Sylva said on Tuesday. This follows the signing of the Petroleum Industry Bill into law by President Muhammadu…
The Jama’Are Local Government Area in Bauchi State, has taken delivery of a newly built and well-equipped 10-bedspace paediatrics ward, medical laboratory, with water facilities and water treatment plant powered by a10Kva solar system. The donation from Shell Nigeria Exploration…
In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff to fill key vacant positions. In a…
The Nigerian National Petroleum Corporation (NNPC) has pledged continuous support to the Nigerian Independent Petroleum Company (NIPCO) in its renewed efforts at increasing her investment in gas infrastructures to promote compressed natural gas as preferred auto fuel. Speaking while visiting…
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N43.57bn in April 2021 representing a 23.64% increase over the N35.24bn surplus it recorded in the previous month of March 2021. This is contained in the April 2021…
Some economists and oil and gas expert have backed the Federal Executive Council’s (FEC) approval of the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petrochemical Refinery. They made…
Uthman Salami The federal government has given a nod to $2.76 billion fund for the acquisition of minority stake in Dangote Refinery at 20 per cent through the Nigerian National Petroleum Corporation (NNPC). The Minister of State for Petroleum Resources, made the…
The Nigerian National Petroleum Corporation (NNPC) has announced that it will declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year. This is coming at a time the…
The latest report by the Nigerian National Petroleum Corporation (NNPC) shows that Nigeria’s refineries lost a total of N104.3billion in 13 months while not processing any crude oil from the refineries during the period. The plants continued to lose money…
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded N234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the…
