NNPC Reconstitutes Board Of Directors   The Nigerian National Petroleum Corporation has reconstituted its board of directors. The oil firm made this known in a tweet on Tuesday. The new board of directors consists Mr Mohammed Lawal (North-West), Dr Tajudeen Umar (North-East), Lami Ahmed (North-Central), Sen. Magnus Abe...

Fuel Consumption, Smuggling Gulp 54 million Litres Per Day – NNPC     Nigerians and neighbouring countries that benefit from smuggling consume 54 million litres of petrol, the Nigerian National Petroleum Corporation has said. The Group Managing Director of the NNPC, Mele Kyari, said this at an interactive...

Some Nigerian Operators Producing Oil At $93/barrel - NNPC     The Nigerian National Petroleum Corporation has said some of its partners are producing a barrel of crude oil in the country at $93, a development it described as unacceptable. The Group Managing Director, NNPC, Mallam Mele Kyari,...

Price Crash: NNPC Targets $10 Oil Production Cost   The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group Managing Director of the NNPC,...

FG Refineries Suffer N19bn Loss In Two Months     The refineries owned by the Federal Government recorded a total loss of N18.96bn in the first two months of this year, the Nigerian National Petroleum Corporation has said. Latest data from the NNPC showed that the refineries, which...

Oilfield Closures, Job Losses Loom In Nigeria — Experts   The steep drop in crude oil prices have put most Nigerian oil companies at risk, with industry experts saying oilfield shutdowns and job losses are imminent. The global oil benchmark, Brent crude, fell on Wednesday to as...