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Court adjourns Jide Omokore, others ‘$1.6 billion oil fraud’ trial over witnesses absence

An Abuja Federal High Court has adjourned the alleged money laundering trial of Jide Omokore, Atlantic Energy Brass Limited and Atlantic Energy Drilling Concept Limited until February 23.
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.
Abuja Furniture Production (AFP), the furniture production unit of Julius Berger Nigeria Plc, has won its bid to provide turnkey furnishing for the head office of the Nigerian Petroleum Development Company (NPDC).

Julius Berger wins contract for furnishing NPDC head office

Abuja Furniture Production (AFP), the furniture production unit of Julius Berger Nigeria Plc, has won its bid to provide turnkey furnishing for the head office of the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
Nigeria Liquefied Petroleum Gas Association, NLPGA, has kicked against moves by the Petroleum Products Pricing Regulatory Agency, PPPRA, to impose administrative levy, despite the deregulation of the LPG sector.

PPPRA: Nigeria’s cooking gas consumption hits one million tonnes

The Petroleum Products Pricing Regulatory Agency (PPPRA) says Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has exceeded one million Metric Tonnes (MT) in 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.
Tunde Ayeni

Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions...

A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company.
Waziri Adio NEITI

NNPC, NEITI resolve audit issues in previous reports

Some audit issues raised against the Nigerian Petroleum Corporation (NNPC) in past reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) have been fully resolved.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

Official: NPDC the largest gas supplier to domestic market

The Managing Director of the Nigerian Petroleum Development Company (NPDC), Mr Mansur Sambo, says the company is the largest supplier of the domestic gas in the country.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

Court upholds $1.7 billion arbitral award in favour of NPDC on Brass, Forcados assets

Justice A. Faji of the Lagos Division of the Federal High Court yesterday upheld the decision of an arbitration tribunal, which slammed a whopping $1.7 billion judgment in favour of the Nigerian Petroleum Development Company (NPDC).
Aiteo Group

Bayelsa community serves Aiteo quit notice over ‘economic strangulation’

The Opu-Nembe community in Nembe-Bassambiri, Nembe Local Government Area of Bayelsa and host to Aiteo Eastern Exploration and Production limited, on Saturday, issued an immediate quit notice to the oil company from the community.

Report: Contracts secrecy in oil industry endangering Nigeria’s economy

A coalition of Civil Society Organisations, in a report published yesterday, lamented that a number of critical contracts in the Nigerian oil and gas industry are shrouded in secrecy and risk endangering the Nigerian economy and the welfare of citizens.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC boss decries wobbly Nigerian fiscal regime

Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.
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)

NNPC saves Nigeria $5.04 billion in four court victories

The Nigerian National Petroleum Corporation, NNPC, Wednesday, disclosed that its legal team won four major court cases bordering on disputes surrounding oil wells and export terminals that helped the country saved Nigeria N5.04 billion.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

NNPC obtains $1 billion to fund upstream operations of NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, said, it has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company, NPDC.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

Report: NPDC owed N2.9 trillion, records $5 billion overdue taxes, others

The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, is yet to recover N2.9 trillion debts owed it as at the end of 2018, according to a report published by a research and data analytics firm, Dataphyte Nigeria.
Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing 1bscfg-d to the domestic market for power generation.

NNPC: NPDC largest producer of gas in Nigeria

Nigerian National Petroleum Corporation (NNPC) has disclosed that its Upstream subsidiary – Nigerian Petroleum Development Company (NPDC) is the largest producer of gas contributing One billion standard cubic feet of gas per day (1bscfg/d) to the domestic market for power generation.
Mele Kyari,

NPDC to stop gas importation with 500,000 barrels per day production facility – NNPC...

The Group Managing Director of Nigerian National Petroleum Corporation, Mele Kyari, has disclosed that the Nigerian Petroleum Development Company (NPDC), will soon curb importation of Liquefied Petroleum Gas (LPG), into the country with the daily production of 500,000 barrel per day, for local consumption.
Nigerian National Petroleum Corporation (NNPC)

NNPC records 43% drop in oil pipeline vandalism in May

The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020.

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CBN to revive oil palm sector, stop importation – official

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Fire razes over 15 shops in Edo market

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Nigeria’s central bank plans to strengthen Naira, economy through $15 billion Dangote refinery

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New Everton stadium unanimously approved by Liverpool city council

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Governor Seyi Makinde of Oyo State, on Wednesday, declared that starting from next year, the government would declare Hijrah holiday in line with the yearnings of the Muslim community in the state.

Oyo governor to declare Hijrah holiday from next year

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Niger governor: Kagara abducted victims went through tremendous torture

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Two killed in Bayelsa cult clashes – official

The Commissioner for Information in the state, Ayiba Duba, who disclosed this on Thursday to newsmen, vowed that the state government was working with security agencies to apprehend and prosecute the cultists.
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18 killed as dozens of bandits neutralised in Kaduna

Kaduna state government has said security agencies have reported a sequence of attacks by armed bandits on soft targets in Igabi and Chikun local government areas killing 18 residents.