NNPC Shifts Fuel Subsidy Payment Burden To FG   The burden of fuel subsidy payment, a sore issue in the petroleum industry, has been shifted from the Nigerian National Petroleum Company (NNPC) Limited to the Federal Government. NNPC Limited Group Chief Executive Officer Mele Kyari said it...

New NNPC will Guarantee National Energy Security - Buhari  President Muhammadu Buhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. Speaking at the historic...

Buhari Unveils NNPCL, Firm to Deliver Value to Over 200M Shareholders President Muhammadu Buhari has unveiled the Nigerian National Petroleum Company Limited (NNPCL) just as the new firm will expand its retail outlets to 1,500 and will sustainably deliver value to its over 200 million...

FG To Maintain Petrol Pricing After Unveiling NNPC Ltd - Kyari The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, says the Federal Government will still determine the pump price of premium motor spirit (PMS) popularly called petrol, even after the...

IOCs To Remit N400bn Oil Debt For July – NNPC   Five international oil companies operating in Nigeria’s oil and gas sector are to remit an outstanding balance of about N400bn to the Federation Government through the Nigerian National Petroleum Company Limited this July. Figures on April...

Oil Firms Not Drilling Except NNPC - Kyari   The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday announced that the decline in the funding of oil investments had virtually led to a halt in the drilling of crude oil by operators...