Reps panel condemns NNPC’s deductions of over N4tr in 2015
House of Representatives, yesterday, condemned the Nigerian National Petroleum Corporation (NNPC) over the spending of oil revenues amounting to over N4 trillion in 2015.
Stakeholders insist on profitability as NNPC reduces losses
Losses of the Nigerian National Petroleum Corporation (NNPC), put in the region of ₦N803 billion in 2018, reduced to ₦N1.7 billion in 2019, the organisation’s second audited report revealed yesterday.
339 companies bid for 2020/21 crude oil sales contract – Kyari
No fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari disclosed this at the 2020/2021 Crude oil tender prequalification bid opening ceremony, on Thursday in Abuja. He said that the event marked another transparent…
NBS releases petrol price gaps, Borno highest at N166.08 per litre
The price of premium motor spirit, otherwise called petrol, has been reported to be selling for as high as N166.08 per litre in Borno State.
PPMC insists $250m from Duke Oil was for products traded
The Petroleum Products Marketing Company (PPMC) has insisted that the $205,203,891.09 it received from Duke Oil was for products traded.The PPMC Managing Director, Mr. Umar Ajiya, who stated this in Abuja yesterday, said the products were traded from January 2016 to September 2017.
Downstream operators urged to diversify as Nigeria plans to exit fuel import
Following plans by the Nigerian National Petroleum Corporation (NNPC), to stop the importation of petroleum products in the next medium term, operators in the downstream sector, who do not diversify along the value chain, may lose out on business....