Why CBN, NNPCL Agree to Domicile Oil Firm's Revenue in Apex Bank In an effort to improve efficiency and bolster their commercial activities, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have announced their intentions to strengthen their...

Senate Pledges To Back NNPC’s Frontier Exploration   The Senate Committee on Petroleum Resources (Upstream) has said it will look into the issue of funding for frontier exploration in order to ensure that the objective of boosting exploration and production in frontier basins in the next...

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...

New Refinery Will Cost FG About $12bn - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following due process, building a new refinery in...

Fed Govt Plans To Boost Domestic Gas Usage By Q1, 2021       The federal government has intensified efforts to ensure that Nigeria achieves self-sufficiency in the domestic production and utilisation of its gas resources by the first quarter of 2021. The government noted that currently, Nigeria’s production...

NNPC Restates Commitment to Transparency         The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated his commitment to conducting the business and operations of the corporation in a transparent manner, with a view to placing it on the path...