Petrol Subsidy Gone Forever, Says Kyari   The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Monday. Kyari, who spoke during a live programme on African Independent Television, stated that with the current fluctuations in...

Nigeria Struggles To Sell Oil Despite Price Cut   Despite the significant reduction in its official selling prices aimed at wooing buyers, Nigeria is still struggling to sell its crude oil as Indian refiners are cutting back on output while European plants are considering closures. Nigeria, Africa’s...

NNPC Has Over $20bn Assets - Kyari   The Nigerian National Petroleum Corporation has assets worth over $20bn, its Group Managing Director, Mr Mele Kyari, said on Monday, even as he decried the continued importation of petroleum products into the country. Kyari said this at the at...

Pipeline: Vandalism Rose By 94% In November, Says NNPC   The Nigerian National Petroleum Corporation said on Sunday that it suffered a 94 per cent increase in willful hacking and destruction of its pipeline infrastructure across the country in November 2019. The NNPC said in a statement...

NNPC, PETAN Partner To Boost Oil, Gas Production   The Nigerian National Petroleum Corporation (NNPC) and the Petroleum Technology Association of Nigeria (PETAN) have pledged to partner on ways to bolster production activities in the nation’s oil and gas sector. This resolution was reached Thursday when the...

Nigeria’s Daily Oil Production Decreases To 1.57m Barrels   Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, the Organisation of Petroleum Exporting Countries has said. The producer group said in its monthly oil market report published on Wednesday...