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NNPC Posts N127.73bn Loss in Eight Months

Nigerian National Petroleum Corporation recorded a total loss of N127.73bn between January and August this year, its latest group financial report released showed. The report for the month of August, however, indicated that the national oil firm reduced its losses to N11.22bn in the month...

NNPC Seeks $51BN Investment In Gas sector

The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist today in the midstream and downstream gas sector to achieve the growth phase in the Industry in Nigeria. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure while...

Nigeria losses $7bn to NigerDelta Militancy this Year– NNPC

Nigerdelta; The Nigerian National Petroleum Corporation (NNPC) has said that from January 2016 till date, government lost $7bn, about N2.1tn, to the activities of militancy groups and oil pipeline vandals in the NigerDelta region. The Group Managing Director of NNPC, Dr Maikanti Baru, said this...

NNPC, Police Pledge Collaboration to Curb Attacks on Oil and Gas Facilities

The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police Force (NPF) have pledged to work more closely together to tackle the incessant attacks on oil and gas facilities across the country. The two agencies made this commitment on Wednesday when the Group Managing Director...

No Plan to Increase Fuel Price-NNPC

...TUC vows to resist pump price hike The Nigerian National Petroleum Corporation has announced that there was no plan to increase the price of Premium Motor Spirit, popularly known as petrol. It stated that it had a robust supply arrangement to guarantee sustainable supply of the product...

NNPC Lauds Defense Intelligence on Security of Oil and Gas Assets

The Nigerian National Petroleum Corporation (NNPC) has applauded the Defense Intelligence Agency (DIA) for its strategic role in providing adequate security in the oil and gas exploration region. Group Managing Director of the NNPC, Dr. Maikanti Baru, gave this commendation when he paid a courtesy...