Deregulation: NNPC to setup CNG refilling plants across country
The Nigerian National Petroleum Corporation (NNPC) says it will soon begin activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. The corporation disclosed this in a statement by the Group General Manager Public Affairs Division, Dr Kennie Obateru, in Abuja, on Sunday. The CNG (methane stored at high pressure) is a […]
NNPC spent N36bn on pipeline repairs, N8bn petrol stolen in 5 months
Unending vandalisation of oil and gas assets and petroleum products theft continue to impact the country negatively, as the Nigerian National Petroleum Corporation, NNPC, weekend, disclosed that it spent N35.74 billion on pipeline repairs and management in five months, between January and May 2020
NNPC, PSC partners end dispute over $2.3bn oil assets’ acquisition
By Michael Eboh Nigerian National Petroleum Corporation (NNPC), on Saturday, said it has signed an agreement with its partners in Oil Mining Lease, OML, 130, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETRO), to settle all outstanding fiscal issues surrounding the development of the oil assets which had lingered since 2006. In […]
Indifference in Ekiti as new fuel pump price takes effect
By Rotimi Ojomoyela – Ado-Ekiti Despite the increment in the fuel pump price from N143 to N150 in all the filing station across Ekiti, except the NNPC mega stations which adjusted its price to N147, there appeared to be calmness among the generality of the populace. It appeared the citizens have decided to take the […]
New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course — Stakeholder
Barring last-minute interventions from the Presidency over the new adjustment in the prices of petroleum products in the country, the Nigerian National Petroleum Corporation, Petroleum Products Pricing Regulating Agency and Petroleum marketers are set on a collision course that is likely to affect the distribution of products in the country.
NNPC returns to profitability, records N2.68bn surplus
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Wednesday, announced a trading surplus of N2.68 billion for May 2020, compared to a deficit of N30.81 billion recorded in April 2020. In a statement on the release of its May 2020 Monthly Financial and Operations Report, the NNPC also stated that the country earned N92.58 […]
