Loan to be repaid from pipeline transmission tariff, sovereign guarantee Set August 2020 for financial closure By Michael Eboh The Federal Government, Tuesday, disclosed that funding for the $2.6 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline would be provided by the Bank of China and SINOSURE, while two Chinese firms would be working along with their Nigerian […]

By Tordue Salem – Abuja The House of Representatives on Tuesday begun an inquest into alleged illegal withdrawals from the Dividends Account of the Nigerian Liquefied Natural Gas(NLNG) by the Nigerian National Petroleum Corporation, NNPC. A motion to that effect was sponsored by Minority Leader, Rep. Ndudi ELumelu(PDP-Delta). The Nigeria liquefied natural gas (NLNG) was […]

The Nigeria Natural Resource Charter (NNRC), Monday, disclosed that the Nigerian National Petroleum Corporation (NNPC), has consistently and was still under-performing against established global benchmark and also lacking in transparency and good corporate governance.

The Nigerian National Petroleum Corporation (NNPC), Sunday, confirmed the resignation of its Chief Operating Officer, Ventures and New Business Directorate, Mr. Roland Ewubare, while it appointed Engr. Adeyemi Adetunji as his replacement.

By Ifeanyi Okolie Operatives of the Inspector-General of Police Special Intelligence Response Team, IRT, have discovered two wells, at Ejigbo area of Lagos State, which they said is being used in siphoning and selling petroleum products from a pipeline belonging to the Nigeria National Petroleum Corporation, NNPC. Police sources disclosed to Vanguard, that two suspects, […]

By Michael Eboh The Nigerian National Petroleum Corporation (NNPC), on Wednesday, announced a trading deficit of N9.53 billion in its operations for March 2020, representing a sharp decline compared to the N3.95 billion surplus recorded in February 2020. In a statement in Abuja, Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, disclosed that […]

By Emeka Anaeto Nigeria’s oil industry appears to have started a major turn-around, considered long overdue, to reposition it as a major catalyst in the transformation of the country’s economy. The process is led by the Nigerian National Petroleum Corporation, NNPC. The Corporation, this week, announced its audited financial statement, though the second in its […]

Senate Committee Chairman on Petroleum Resources (Upstream), Senator Bassey Akpan, Monday commended the Nigerian National Petroleum Corporation (NNPC) for the recent release of the audited financial statements of its subsidiaries and business units, while he stated that the corporation is now more transparent and accountable than in the past.

The Nigerian National Petroleum Corporation (NNPC), yesterday, blamed pipeline vandalism, crude oil and petroleum products theft for the not-too-impressive performance of some of its subsidiaries and division as recorded in its recently-released audited financial statements.

The Nigerian National Petroleum Corporation (NNPC), yesterday, disclosed that petroleum products sales and crude oil sales accounted for 86 percent of its total revenue in 2018, and impacted positively on the financials of its subsidiaries and business division in the year under review.