NNPC: No Cause For Worry Over Slump In US Oil Price   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said Nigeria has no cause to be apprehensive over the slump in the United States crude oil futures, saying...

Evaluating New Plan To Revive NNPC’s Refineries   The Group Managing Director of the NNPC, Mallam Mele Kyari, last week revealed that the corporation will spend money to repair its four broken-down refineries in Warri, Port Harcourt and Kaduna, after which it would hand them over...

FG’ll Divert N457bn Petrol Subsidy To Other Sectors – NNPC   The Federal Government will divert N457bn provided for petrol subsidy in the budget to other sectors of the economy, the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said. He also disclosed...

Nigeria’s Oilfields Face Shutdown Risk Amid Market Woes   The collapse of crude oil prices and the oversupply of the commodity in the global market amid shrinking demand may force some producers in Nigeria to shut down their oilfields. Given the high cost of producing a barrel...

Nigeria Slashes Crude Selling Prices To Woo Buyers   Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday. The country has had to grapple with an unprecedented...

NNPC To Reduce Crude Oil Production Cost From $17   The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria...