How to save Nigeria from NNPC
Nigeria has had very many dark days. A series of unfortunate events has meant that the country has never quite managed to live up to its potential. But one particularly terrible dark day - April 1, 1977 - stands out as the biggest economic disaster that has so far befallen Nigeria since independence.
Nigeria produces 3.054trn cubic feet of gas in one year
The Nigeria’s gas production from January 2017 to January 2018 has reached 3.054.33 trillion cubic feet (tcf), representing an average daily production of 7.709.89 billion standard cubic feet per day (bscfd) during the period.
Vandalism foists uncertain fate on Enugu NNPC depot
The last time petroleum products flowed from the Nigeria National Petroleum Corporation (NNPC) Depot in Emene, Enugu State, to other parts of the South East, as well as, Benue and Kogi states was in 1996.
Economic council directs NNPC, others to refund N8tr
The National Economic Council (NEC) has directed the Nigerian National Petroleum Corporation (NNPC) and other agencies in the country to refund unremitted revenues in the sum of N8trillion (about $21billion) and another...
NNPC earns N1.554 trillion from oil export
Nigeria’s oil and gas sector recorded total revenue of $4.29billion (N1.554trillion) from exports between January 2017 and January 2018.On a monthly basis, total export sale of $439.60million was recorded in January 2018, representing 1.79 per cent lower than the previous month.
Nigeria’s 2.069mbpd oil production still below budget estimates
Nigeria’s crude oil production including condensate reached 2.069 million barrels per day (mbpd) in April 2018, according to data from the Federal Ministry of Petroleum Resources.
Baru, gas flaring and meaningless deadline
The seemingly interminable saga of gas flaring in Nigeria may at last be coming to an end. The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru made this claim at the 50th offshore Technology Conference (OTC) in Huston, Texas the other day.
Nigeria recorded 194 pipeline vandalism cases, says NNPC
The Nigerian National Petroleum Corporation (NNPC) says the nation recorded 194 cases of pipeline vandalism between January 2017 and the corresponding period of this year.During the release of its January financial and operational report yesterday in Abuja
How states withdrew N593.1b from federation account in Q1 2018
The 36 states of the federation withdrew about N593.1 billion from the Federation Account as revenue generated in the first quarter of 2018.The breakdown is contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by the News Agency of Nigeria (NAN) yesterday in Abuja.
How states withdrew N593.1bn from federation account in Q1 2018
The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018.
NNPC to support PTD, NUPENG to boost fuel distribution
The Nigerian National Petroleum Corporation (NNPC) says it is ever ready to support unions in the sector to enhance the distribution of petroleum products across the country.A statement by Mr Ndu Ughamadu, NNPC Spokesman, said Group Managing Director of the Corporation, Dr Maikanti Baru...