Sacking, Redeployments Prepare Us For Unbundling - NNPC       The latest shakeup that led to the redeployments promotion and sacking of some senior management workers at the Nigerian National Petroleum Corporation was in preparation for the proposed unbundling of the oil firm, it was learnt on...

NNPC Begins Shakeup Ahead Of PIB Implementation     Nigerian National Petroleum Corporation (NNPC) has announced a major shakeup in anticipation of the implementation of the Petroleum Industry Bill (PIB). The Corporation, in a statement, said: “Other Chief Operating Officer positions in the Corporation have now been redesignated...

NNPC Posts N43.57bn Trading Surplus For April       The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021. It disclosed this in...

Refineries Record 13-month Loss Of N104.3bn - NNPC     A total loss of N104.3bn was recorded by Nigeria’s refineries in 13 months, even as the facilities refined no crude oil throughout the period, the latest report released by the Nigerian National Petroleum Corporation showed. An analysis of...

NNPC Plans To Acquire Stakes In Six Private Refineries       The Nigerian National Petroleum Corporation on Monday said it is currently considering equity participation in some private refineries across the country. It said this was in line with a Federal Government’s policy directive which stipulated the mandatory...

Negotiation On Petrol Price Still Ongoing - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday said state governors do not run the affairs of the corporation, stressing that negotiation to determine a new pump price of petrol was still ongoing between the organised labour and...