NNPC Cuts Losses To N82bn From N800bn       The Nigerian National Petroleum Corporation (NNPC) yesterday said losses from vandalism and oil theft has reduced from N800 billion in 2018 to less than N82billion, a feat attributable to clampdown on vandals by joint security efforts. Its Group Managing...

Oil Workers’ Strike Won’t Cause Petrol Scarcity – NNPC       The Nigerian National Petroleum Corporation on Tuesday said it had enough petrol and as such the strike by oil workers would not cause scarcity. It dismissed insinuations of possible scarcity of petroleum products following ongoing disagreement between...

House Panel Demands NNPC’s Response To Alleged $20.3bn Withdrawals         The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to an audit query issued against the corporation over alleged illegal withdrawals from...

We’ll Commence Oil Exploration In Chad Basin Soon – Fed Govt         The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked...

Nigeria Loses N1.06trn Oil Revenue Target – NNPC         Nigeria’s N2.6 trillion oil revenue target declined by 40 per cent (N1.06) as a result of twin shocks of COVID-19 and low crude oil price, the Nigeria National Petroleum Corporation (NNPC) has disclosed. The Group Managing Director of...

‘FG Aggressively Developing Gas-to-power Infrastructure, Exploration’       The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government is aggressively pursuing other gas development initiatives to improve Nigeria’s current utilization of alternative fuels as well as stimulating gas demand and power...