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...

NNPC Seeks Capacity Upgrade For Indigenous Operators       The Nigerian National Petroleum Corporation has said indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness. The NNPC said this would help to achieve the target of reducing the cost of...

Foreign Investors Losing Confidence In Nigeria’s Oil Industry — Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address the loss of foreign investors’ confidence in the country’s...

78 Firms Bid To Rehabilitate Pipelines, Depots – NNPC       The Nigerian National Petroleum Corporation on Sunday announced that 78 companies submitted virtual bids to rehabilitate its downstream pipelines, associated depots and terminal infrastructure through the finance, build, operate and transfer model. NNPC’s Group Managing Director, Mele...

Petrol Subsidy Removed Because Of Fraud - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud. Kyari said some cabals which he failed to identify perpetrated the fraud in the oil...