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Nigerian National Petroleum Corporation (NNPC)

NNPC selects 26 firms to lift Nigeria’s crude oil

The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC raises oil demand growth on stronger economic recovery

The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery.
Nigerian National Petroleum Corporation (NNPC)

NNPC records 37.21% drop in oil pipeline vandalism in January

The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021.
Nigerian National Petroleum Corporation (NNPC)

NNPC supplies 1.44 billion litres of petrol in 31 days

The Nigerian National Petroleum Corporation (NNPC) has disclosed that it supplied 1.44 billion litres of Premium Motor Spirit, petrol, in the month of January 2021, amounting to an average daily supply of 46.30million.
Nigerian National Petroleum Corporation (NNPC)

NNPC declares N13.43 billion trading surplus for November 2020

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020.
Nigerian National Petroleum Corporation (NNPC)

NNPC: N2.15 trillion worth of petrol consumed in 13 months

The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November, 2020.

NNPC records 54% increase in trading surplus for November

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N13.43billion for the month of November 2020 up by 54% when compared to the N8.71billion surplus recorded in October 2020.
Nigerian National Petroleum Corporation (NNPC)

NNPC records 92% increase in sales of petroleum products in October

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 representing 92% increase over the ₦80.15 billion sales in September 2020.

NNPC records $120.49 million crude oil receipt in September 2020

The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020.
Nigerian National Petroleum Corporation (NNPC)

NNPC trading surplus rises by 860% to N20.4 billion in one month

The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.
Nigerian National Petroleum Corporation (NNPC)

Probe uncovers gaps in NNPC insurance scheme

The ongoing probe of the Nigerian National Petroleum Corporation (NNPC) over alleged $179 million insurance policy and huge unsettled life insurance claims has uncovered gaps in claims settlement.
Nigerian National Petroleum Corporation (NNPC)

NNPC increases gas supply to power sector by 19 percent

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020.
Nigerian National Petroleum Corporation (NNPC)

Nigeria earns $504 million from crude oil, gas export

Nigeria earned $504.44 million, an equivalent of N154.73 billion, from crude oil and gas exports in November 2019, according to data released yesterday, by the Nigerian National Petroleum Corporation, NNPC.
President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they should accomplish in the shortest possible time. 4

Federal government fails to meet economic recovery targets – report

Macro-economic targets set out by the Federal Government in the Economic Recovery and Growth Plan have been underachieved, a report released by the Centre for Democracy and Development has said.
Nigerian National Petroleum Corporation (NNPC)

NNPC remits N729.3 billion, N602.3 billion to Federation Account

The Nigerian National Petroleum Corporation (NNPC) said it remitted N729.3billion and N602.30billion to the Federation Accounts and Joint Ventures (JV) respectively between July 2018 and July 2019.

Report: Why Nigeria’s economic growth is slow

The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Reduction of Nigeria’s oil JVs equity my priority – minister

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.

NNPC supplied 1.76 billion litres of petrol in June

The Nigerian National Petroleum Corporation (NNPC) said that 1.76bn litres of Premium Motor Spirit (PMS), also known as petrol, was supplied in June.

NNPC records 77 per cent increase in pipeline vandalism in June

The Nigerian National Petroleum Corporation (NNPC) recorded 77 per cent rise in cases of oil pipeline vandalism in its network of pipeline infrastructure across the country in June 2019.
Air plane

How protectionists policies drive aviation growth – experts

Unless government puts in place policies to protect indigenous carriers, the growth of the sector will remain elusive, experts have said.

NEITI: Nigeria loses $16 billion to production sharing contracts

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies.
Nigerian National Petroleum Corporation (NNPC)

NNPC: Natural gas production rise by 8 percent

The Nigerian National Petroleum Corporation (NNPC) says 230.35 Billion Cubic Feet (BCF) of natural gas has been produced in the country in July.

Recent Stories

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.

Manchester United identify Alexander Isak as Erling Braut Haaland alternative

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
U.S. President Joe Biden gestures while speaking to the media before boarding Air Force One at Geneva airport, as he leaves Geneva after the U.S.-Russia summit, Switzerland, June 16, 2021. REUTERS-Kevin Lamarque

White House considering talks between Joe Biden and China’s Xi Jinping

The White House will consider arranging talks between President Joe Biden and his Chinese counterpart, Xi Jinping, as the two countries spar over issues including human rights, a top U.S. official said on Thursday.
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.

President Buhar: We won’t rest until peace is fully restored in Borno

President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
Lagos State Attorney General, Moyo Onigbanjo (SAN)

Lagos begins plea bargain session for Kirikiri inmates

In an effort to decongest correctional centres, the Lagos State Ministry of Justice on Thursday held a plea bargain session for some inmates at...

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Nigeria is said to be considering an attitude toward Twitter that is similar to China's. Fabian Sommer-picture alliance via Getty Images

After banning Twitter, Nigeria considers Chinese model of internet regulation – report

After banning Twitter, Nigeria’s ministers reportedly met with Chinese counterparts to discuss replicating China’s "Great Firewall" in the West African country.
MTN Nigeria Plc (MTN) has announced the trial of e-SIM services on its network based on approvals received from the Federal Government.

MTNN lifts trading on NGX by 0.15 percent

Trading activities on the Nigerian Exchange rebounded on Wednesday with a gain of 0.15 per cent due to interest in MTN Nigeria Communications (MTNN).
Iran has said it would no longer abide by any of the limits of its unraveling 2015 nuclear deal with world powers after a US airstrike killed its top general in Baghdad on Friday.

Iran nuclear talks resume as Germany calls for rapid progress

Indirect talks between Tehran and Washington on reviving the 2015 Iran nuclear deal resumed in Vienna on Saturday as the European Union said negotiations were “intense” and Germany called for rapid progress.
Former Tottenham left-back Danny Rose has signed for Watford on a two-year deal.

England defender returns to Watford after Spurs exit

England full back Danny Rose will return to Watford on a free-transfer next season after leaving Tottenham Hotspur, the newly-promoted Premier League club said on Wednesday.
England centre-half Harry Maguire has claimed that the Three Lions are now a better side than the squad that reached the semi-finals of the World Cup in 2018.

Euro 2020: Harry Maguire could play against Croatia – England boss

Harry Maguire could play for England in their opening Euro 2020 clash with 2018 World Cup finalists Croatia on Sunday although manager Gareth Southgate says it “is a longshot.”