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…
By Gloria Akudoro, Abuja The Nigerian National Petroleum Corporation (NNPC) has said that the Port Harcourt Refinery, currently undergoing a $1.5 billion rehabilitation spree, will start delivery of refined products by September 2022. This followed the official signing of contract…
Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies wasted 17.53 billion scf of…
Chevron Nigeria Limited, (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL, (NNPC/CNL JV), on Wednesday July 7, 2021, received an award for the best exhibition booth at the 2021edition of the Nigeria Oil…
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made this…
