Shell Nigeria Exploration and Production Company (SNEPCo) paid a total of $907 million as taxes and royalties to the Nigerian government last year as its operations continued to contribute to the national purse to finance development. Also last year, the…
The presidential candidate of the African Democratic Congress in the 2023 general elections, Dumebi Kachikwu, has urged President Bola Tinubu to order an investigation into the activities of the Central Bank of Nigeria, the Nigerian National Petroleum Company Limited and…
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Ahmed Tinubu over “the failure to probe the allegations that $2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are…
By Ibiyemi Mathew The Policy Advisory Council of President Bola Ahmed Tinubu has advised the President to employ tested individuals to lead the Nigerian National Petroleum Company Limited (NNPCL). The Policy Advisory Council members who comprise of Austin Avuru; Olu Verheijen;…
By Ibiyemi Mathew The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has said that the Nigeria National Petroleum Company Limited (NNPCL) withheld the sum of N8.480 trillion from the Federation Account between January last year and May 2023. The Commission’s…
The House of Representatives has advised the Nigerian National Petroleum Company Limited (NNPCL), to consider outsourcing management of the country’s refineries after repairs. The report disclosed that Nigeria spent more than $10 billion in a decade on three oil refineries…
By Ibiyemi Mathew The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it has terminated all crude oil swap deals. The NNPCL disclosed this in an interview with Reuters monitored by Nigerian NewsDirect. According to the Group Chief Executive…
The Nigerian National Petroleum Company Retail Limited, a retail subsidiary of the NNPC Limited group, raked in total revenue of N255.6billion in its 2022 financial year, data from the report on key achievements in 2022 by NNPCL downstream directorate showed.…
Residents of Church Street, Iyanu Celestial Church, and the Canal, all within the Ijeododo road, Ijegun, Igando-Ikotun LCDA, Lagos under Alimosho Local Government Area, Lagos State, raised alarm over Premium Motor Spirit (PMS) also known as petrol pipeline leakage, that…
The Nigerian National Petroleum Company Limited (NNPCL) has revealed the signing of a series of agreements concerning Oil Mining License (OML) 130. The announcement was made by the company on Thursday, May 25, through its official Twitter account. The signing…
