NNPC posts N3.3trn net profit, declares N2.1trn dividend
THE NNPC Limited, a dynamic global energy company with businesses and operations across the entire spectrum of the energy value chain,Monday, released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, indicating an increase of 28 per cent (over N700billion) when compared to the N2.548 trillion recorded in 2022.
NNPC launches investigation into lubricants-for-petrol claims
NNPC Retail Limited has launched an investigation into a viral video showing a fuel pump attendant demanding customers purchase lubricants to dispense petrol.
NNPC denies allegation of inflating petrol subsidy figures by N3.3trn
The Nigerian National Petroleum Company Limited (NNPC Ltd) has denied reports that it inflated petrol subsidy claims by N3.3 trillion.
NNPC, partners boost domestic gas supply with 500mscf/d facilities
“the three infrastructure projects will enable additional gas processing capacity and also increase the supply of Liquefied Petroleum Gas (LPG), thereby reducing the dependency on importation.”
NNPC E&P Ltd, NOSL hit first oil in OML 13, Akwa Ibom
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.
NNPC faces $3bn backlog on fuel payments
The Nigerian National Petroleum Corporation Limited, NNPCL, is owing around $3 billion to marketers over imported premium motor spirit popularly known as petrol.
