No Petrol Price Increase In May - NNPC       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol, in May. NNPC has maintained an...

Daily Fuel Consumption Now 72.72m Litres, Marketers Blame Smuggling       Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries. The supply of Premium Motor Spirit (petrol) by the NNPC,...

NNPC Subsidiaries Get Seven-day Ultimatum To Appear Before Reps       The House of Representatives’ Committee on Public Accounts Committee has issued a seven-day ultimatum to heads of the 17 subsidiaries of the Nigerian National Petroleum Corporation to appear before it or risk being arrested by warrant...

Gas Investors Want Fiscal Clarity Before Investing – Kyari       The Nigerian National Petroleum Corporation on Monday said investors were calling for clarity on fiscal terms so as to be encouraged to commit their capital for gas development projects across the country. NNPC’s Group Managing Director, Mele...

PIB'll Address Production Sharing Contracts Issues On Gas, Says Sylva       The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this...

NNPC To AuGF: We Spent N966bn On Pipeline Repairs       The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated this in response to the query raised in the 2016 report of the Auditor General for the...