Between Mele Kyari and Dangote Refinery, by Callistus Uzoma           It is remarkable that the Nigerian National Petroleum Corporation ( NNPC) is undergoing profound transformation at a time of perceived corporate despondency with national economic implications. Most significant of the positive indicators is the elevation to...

Idle NNPC Refineries Sell N463.63m Worth Of Electricity       While they did not process a single barrel of crude oil in 2020, Warri and Kaduna refineries earned a total of N463.63m from the sale of electricity, their audited financial statements have shown. The two refineries have a...

NNPC’s Revenue Falls By N916bn Despite Posting N287bn Profit       Nearly two weeks after declaring its first profit in its 44-year history, the Nigerian National Petroleum Corporation said on Wednesday that its group revenue for the 2020 financial year fell to N3.72tn from N4.63tn in 2019....

Rising Cooking Gas Price Due To Undersupply - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has assured Nigerians that the corporation is working with relevant agencies to ensure that the price of gas is affordable by increasing the volume...

NNPC To Begin Sale Of Shares In 2024, Says Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that the earliest the corporation can issue its Initial Public Offer to investors is in the next three years. The NNPC boss...

In Seven Months, NNPC Incurs N756.99bn Petrol Subsidy       The Nigerian National Petroleum Corporation incurred N756.99bn petrol subsidy cost from January to July this year, the latest data obtained from the corporation show. The subsidy, which the NNPC prefers to call ‘value shortfall’ or ‘under-recovery’, resurfaced in...