By Arogbonlo Israel The deplorable state of federal roads in Okunland has become a social media sensation with many still counting their losses due to the negligence of those who out of ‘political gains’ see no reason to find a lasting solution to ameliorate this state dysfunction. Okunland, situated in Kogi West, is blessed with […]

FORMER Senate Leader, Senator Ali Ndume, All Progressives Congress, APC, Borno South has hailed the Federal government in its decision to hand over the reconstruction of Biu-Gombe road and 20 other federal highways to the Nigeria National Petroleum Company (NNPC).

By Prince Okafor With the increasing demand for natural gas in the country, the Nigerian National Petroleum Corporation, NNPC, has projected that the nation’s demands of the product would rise to 23 billion cubic feet per day. This projection was made by the NNPC’s Group Managing Director, Mele Kyari, at the just concluded 15th Oil […]

THE demand for petroleum products in Nigeria will increase to 17.3 million metric tonnes, MT, from 15.1 MT in 2020, indicating an increase of 14.6 per cent, according to the Nigerian National Petroleum Corporation, NNPC.

By Johnbosco Agbakwuru – Abuja THE Nigerian National Petroleum Corporation, NNPC has taken over the reconstruction of 21 federal roads across the six geopolitical zones of the country. The approval was given on Wednesday, at the Federal Executive Council, FEC, meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. Briefing State […]

THE Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products.

THE Nigerian National Petroleum Corporation, NNPC, has revealed that it spent N123.73 billion on petrol subsidy in September 2021.

The Nigerian National Petroleum Corporation (NNPC) on Tuesday disowned a fake quiz competition trending online which claimed to celebrate its 50th anniversary. The Group General Manager, Group Public Affairs Division, NNPC, Malam Garba Muhammad, made this known in a statement. ALSO READ: COVID-19: Kaduna insists on facemasks, gives October deadline “In the purported quiz contest, […]

NNPC on Sunday in Abuja called on petroleum tanker drivers to call off its planned strike in the interest and welfare of Nigerians. “The strike is about the condition of roads in various parts of Nigeria used for the distribution of goods and services including petroleum products. “While it is not the responsibility of the […]

The minister of petroleum, that is Muhammadu Buhari, at the beginning of the week ordered the incorporation of the new Nigerian National Petroleum Company, Limited as envisaged by the new Petroleum Industry Act, PIA. Given his background as a petroleum minister under General Olusegun Obasanjo in the seventies, Buhari’s seeming speed in driving the reforms […]

By Udeme Akpan With the prolonged coronavirus, COVID-19, pandemic, many analysts did not expect much from operators in the oil and gas industry globally for some reasons. First, the pandemic culminated in lockdown and low demand for oil and gas, especially in China and India, which constitute Nigeria’s major buyers. Second, it also impacted negatively […]

 The Nigerian National Petroleum Corporation, NNPC, has disclosed that consumers paid N2.153 trillion for premium motor spirit (petrol) in 12 months from June 2020 to May 2021.

By Obas Esiedesa – Abuja President Muhammadu Buhari has named Senator Ifeanyi Ararume as NNPC Limited Board Chairman with Mele Kolo Kyari and Umar I. Ajiya as Chief Executive Officer, and Chief Financial Officer, respectively. The president ordered the incorporation of NNPC Limited in line with the provision of the Petroleum Industry Act (PIA). A […]

By Obas Esiedesa – Abuja Despite declaring a profit in its operations for the 2020 financial year, published audited financial statement of the Nigerian National Petroleum Corporation, NNPC, has shown that its revenue fell by 19.76 per cent in 2020 to N3.718 trillion from N4.634 trillion declared in 2019. The Corporation had last week declared […]

The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N3.37 billion for the year ended Dec. 31, 2020. The News Agency of Nigeria (NAN) reports that Mr Adeyemi Adetunji, Chairman, Board of Directors, NETCO, made the disclosure on Thursday at the […]