The Nigerian National Petroleum Corporation (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month February. The corporation gave the assurance in a statement signed by its spokesman Dr Kennie Obateru in Abuja, on Thursday. “In spite […]

…Govt losing $750m l9th House ready to change narratives about gas flaring — Gbajabiamila …As host communities insist on 10 per cent equity By Levinus Nwabughiogu Nigeria has elected to join the global community in achieving complete elimination of gas flaring in 2025.The Minister of State for Petroleum Resources, Chief Timipre Silva gave the commitment […]

As a move to achieve $10 per barrel crude oil production cost, the Nigerian National Petroleum Corporation, NNPC, has insisted on stakeholders’ collaboration in the oil and gas industry.

By Johnbosco Agbakwuru PRESIDENT Muhammadu Buhari has condoled with the family of the pioneer Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Chief Festus Marinho, who passed on recently, aged 87. In a letter to the Marinho family, the President described the deceased as a “skilled and knowledgeable person,” whom he worked with […]

House of Representatives Committee on Public Accounts has written to the Nigerian National Petroleum Corporation (NNPC) following the audit query of the Auditor-General of the Federation on the $20.3 billion illegal withdrawals from the Nigerian Liquefied Natural Gas (NLNG) account, requesting full details.

By Obas Esiedesa – Abuja The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November 2020. The corporation in a statement on Sunday said in the month of November 2020 it recorded a trading surplus of N13.43 billion up by 54 per cent when […]

By Obas Esiedesa The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November, 2020. The corporation in a statement on Sunday said in the month of November, 2020 it recorded a trading surplus of N13.43 billion up by 54 percent when compared to the […]

…as case shifts to Court of Appeal By Ikechukwu Nnochiri A High Court of the Federal Capital Territory, on Wednesday, sacked the executive officers of the Nigerian National Petroleum Corporation, NNPC, Staff Multipurpose Cooperative Society. The court, in a judgement that was delivered by Justice Charles Agbaza, nullified an election the Cooperative held in June […]

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has singled out President Muhammadu Buhari for praise, claiming that he is the only president not to have interfered in the running of the corporation.

By Obas Esiedesa Remittance by the Nigerian National Petroleum Corporation, NNPC, to the Federal Accounts and Allocation Committee, FAAC, for the month of December 2020 fell by 19.05 percent to N72 billion compared to N88.95 billion remitted in November 2020. A report by the corporation which it presented during FAAC meeting on Jan. 20 showed […]

The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from the sales of white products in the month of October 2020. The Corporation disclosed this on its October Monthly and Financial Operation Report (MFOR) in Abuja, on Thursday. It said […]

By Prince Okafor The Nigerian National Petroleum Corporation, NNPC, Thursday, said its downstream subsidiary, Petroleum Products Marketing Company, PPMC, recorded a total of N158.04 billion from the sales of white product in the month of October 2020. This is an increase of 92 percent, when compared to N80.15 billion recorded on the previous month of […]

By Obas Esiedesa THE Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that it generated N1.95 trillion from the sales of petroleum products in 12 months, from October 2019 to October 2020. The Corporation in a statement, yesterday, by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru said premium motor spirit (petrol) accounted […]

Stakeholders and players in the oil and gas sector of the Nigerian economy yesterday took turns to highlight the significant-good inherent in the proposed Petroleum Industry Bill, PIB currently undergoing legislative scrutiny in the national assembly.

The General Manager, Strategy and Planning at the Nigerian National Petroleum Corporation, NNPC, Mr Marcel Amu has asked wealthy Nigerians to strive and deprive themselves of some comfort in order to help the less privileged citizens.