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…
…flags off Wadi-B drilling campaign in Borno state The Nigerian National Petroleum Company Limited, NNPCL, says it has cleared the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. NNPCL’s Executive Vice…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. Tantita Security Services Nigeria Limited, a private security contractor, engaged by the NNPC…
Nigerian National Petroleum Company Limited (NNPCL) has signed a memorandum of understanding (MoU) with Golar LNG, a Norwegian company, to install a floating LNG production unit in Nigeria. NNPC said via its official Twitter handle on Thursday that its Chief…
A Federal High Court in Abuja on Tuesday restored Senator Ifeanyi Godwin Ararume as non-Executive Chairman of the Nigeria National Petroleum Company Limited NNPCL. The Court voided the sack of the businessman and set aside the removal done on January…
