Nigerian National Petroleum Corporation
NNPC’s insolvency crisis worry stakeholders
Financial experts have said that low profitability, threatens the operations of the Nigerian National Petroleum Corporation (NNPC) despite attempts to improve the institution’s transparency.
Opposition swells over $1.5b refinery rehabilitation, N120b monthly subsidy
The debate over Federal Government’s proposed $1.5 billion to be spent on rehabilitating the 210,000-barrel per day (bpd) Port Harcourt refinery intensified yesterday as more opposition voices registered their concerns.
NNPC empowered to make deductions for operational purposes, Kyari tells Reps
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, yesterday, justified the deductions made by his organisation to run its operations...
FG to expand national grid size, leverage hubs for gas pricing
The Federal Government, through the Nigerian National Petroleum Corporation (NNPC), has announced plans to increase the size of the national grid by leveraging the country’s 203.16tcf gas potential
NNPC extends crude oil swap contracts to June
Nigerian National Petroleum Corporation (NNPC) has said it will continue to swap crude oil for refined petroleum products till June. “The DSDP was extended till June 2021 to enable us to conclude the ongoing process of putting new contact in place,” NNPC spokesman Kennie Obateru said on Monday. Nigeria exchanges more than 300,000 barrels per…
NNPC posts N13.43b surplus, sells N2.034tr petroleum products
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded about N13.43b trading surplus in November last year, representing 54 per cent increase compared to the previous year.
We deliberately shut down refineries — NNPC GMD
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, says the corporation deliberately shut down the nations refineries
Government floats petrol price, NLC denies endorsing hike
There are indications that the Federal Government may have tacitly allowed the price of Premium Motor Spirit (popularly called petrol) to be determined by market forces...
PENGASSAN strike: Over 2.9b litres of petrol available, NNPC assures Nigerians
The Nigerian National Petroleum Corporation (NNPC) says it has over 2.9 billion litres of Premium Motor Spirit (PMS), also known as petrol, to service Nigerians during the Yuletide period and beyond. The corporation disclosed this in a statement signed by its spokesman, Dr. Kennie Obateru, in Abuja, on Tuesday. He dismissed the insinuation of the…
NNPC group life assurance scheme records strong performance
• Achieves over N25billion premiums, N23.89 claims in 10 years As firms continue to fine-tune ways of protecting their workers against mishaps in the workplace, the Nigerian National Petroleum Corporation (NNPC) Group Life Assurance (GLA) scheme in the last 10 years has exposed a strong and consistent premium paid of over N25.662 billion against N23.894billion…