Oil Earnings Decline By 29% To N790bn – CBN   Crude oil revenue crashed by 29 per cent in the first quarter of 2022, according to statistics from the Central Bank of Nigeria. The CBN, in its latest economic and statistical report for the first quarter of...

Dangote Refinery'll Gets 300,000 Barrels Per Day From NNPC   The Nigeria National Petroleum Corporation Limited (NNPCL) will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive...

Nigeria Will Not Import Petroleum Products by Mid 2023 - Kyari Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company  Limited (NNPCL), says the country will stop importing petroleum products by mid-2023. Kyari spoke on Tuesday during a press briefing at the state house...

NNPC Ltd Assets Worth $60bn, Says Kyari   The Group Chief Executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the assets of the newly reformed company are worth $60 billion (about N25.27 trillion). Kyari stated this at the Nigeria-India Business Forum held...

Six IOCs to Remit N442.37bn in August - NNPC Figures obtained from the Nigerian National Petroleum Company Limited on Monday has revealed that six international oil companies are to remit a total of N442.37bn in August 2022, being proceeds from the sale of domestic crude...

Refinery Rehabilitation gulps N54.66bn as Fuel subsidy Rises to N1.593tn The Nigerian National Petroleum Company Limited latest data has revealed that the government subsidised Premium Motor Spirit, popularly called petrol with N1.593tn between January and June 2022. It was also gathered that the NNPCL’s pumped N54.66bn...