With N438.37 billion recorded as subsidy payments for the first six months of 2021, Nigeria’s revenue problems appear not to abate anytime soon as it continues to take a toll on contributions of the Nigerian National Petroleum Corporation....
Stakeholders in the oil and gas industry, as well as the maritime sector, have stated that the country can boost the sectors’ contribution to the economy by about $8 billion via crude oil transportation.
On July 8, 2019, Malam Mele Kyari was officially inaugurated as the 19th Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), his appointment having been announced much earlier in June.
Despite rising oil prices and opportunities for improved earnings, Nigeria’s capacity to take advantage of the rally remains undermined by the Organization of the Petroleum Exporting Countries...
The Executive Director/ CEO, Nigeria Export Promotion Council, NEPC, Mr. Olusegun Awolowo, has commended the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari...
The Nigerian National Petroleum Corporation (NNPC), some multinationals and local partners have in the last two years attracted about $32 billion investment into the Nigerian oil and gas sector.
The planned Monday meeting of the Organization of the Petroleum Exporting Countries and its allies has been postponed without a new date in sight.
The Federal Government may have spent about N1 trillion subsiding 102 million litres of Premium Motor Spirit (PMS) in the couple of months, as prevailing challenges push operators in the downstream sector of the nation’s petroleum industry ....
As the Senate prepares for passage of the Petroleum Industry Bill (PIB) today, the leadership of Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has warned that giving legislative seal to the proposed law without consideration....
Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021.
There are indications that the Federal Government might face further revenue crisis after staking about N720 billion subsiding Premium Motor Spirit (popularly known as petrol) as crude oil price maintains....