In One Month, NNPC Spends N492.05bn On Subsidy, Salaries, Other Expenses       Nigeria’s subsidy regime, salary and other operating revenue cost the Nigerian National Petroleum Corporation (NNPC) N492.05 billion in the month of April this year. Recall that the Group Managing Director of the Corporation, Mele Kyari...

NNPC Plans Policies To Guide Divesting IOC Partners     The Nigerian National Petroleum Corporation has said it would outline policies to guide partners (International Oil Companies) of the corporation who wish to divest from joint ventures or the Nigerian oil and gas industry. Shell had said in...

In Two Months, NNPC Spent N219.4bn On JV Oil Assets, Projects       The Nigerian National Petroleum Corporation spent a total of N219.4bn on oil and gas assets being developed through joint ventures with private firms as well as government priority projects in the first two months...

Reps Recommend Arrest Warrants On Kyari, Emefiele, 52 Others       The Committee on Public Accounts has prayed the House of Representatives to issue warrants of arrest on Governor of the Central Bank of Nigeria, Godwin Emefiele; Group Managing Director of the Nigerian National Petroleum Corporation, Melee...

In Five Months, NNPC Records 63% FAAC Remittance Shortfall       The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by the local, state and federal governments, declined by over 63 per cent in the first five...

Nigeria’ll Export Petrol In Two Years – NNPC       The Nigerian National Petroleum Corporation (NNPC) on Tuesday said refined petroleum products would be exported from Nigeria to other countries in the next two years. Nigeria currently imports refined petroleum products such as petrol, kerosene, diesel, etc, while...