NNPCL to End Fuel Importation by Dec 2024
The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then.
It also projected that the national oil...
Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn
The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday.
NNPCL,...
In Q1/2023, NNPC Retail Made N18.4 Billion – Mele Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that NNPC Retail made N18.4 billion in the first quarter of 2023, after acquiring OVH Energy in 2022.
Kyari said...
Brent Crude Hits $92 Per Barrel
Oil price, on Friday, edged up to over $9o a barrel for the first time since November 2022.
Brent crude, the global oil benchmark, increased by 1.69 percent to $92.23 a barrel, while US West Texas Intermediate jumped 2.02 percent...
$3bn Afrexim Bank Loan: NNPCL Followed Due Process
Facts have emerged that contrary to reports due process was followed in securing the Nigeria National Petroleum Company Limited (NNPCL) in the $3 Billion Afrexim bank Loan.
The $3 billion loan deal, which was signed in Cairo a...
NNPCL, UTM Partner to Build First Floating Gas Plant In Nigeria
The Nigerian National Petroleum Company Limited and UTM Offshore Limited, on Thursday, signed a Heads of Terms agreement for the construction of Nigeria’s first indigenous 1.5 million tonnes per annum Floating Liquefied Natural Gas...
