As part of the efforts ensure the full implementation of President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to the Dangote Refinery and other local refineries in naira, Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, met with relevant stakeholders yesterday for the actualisation of the policy objective of the federal government.  

NNPC Will Trigger Nigeria’s Industrialisation, Economic Devt. With Gas Resources  According to the Nigerian National Petroleum Company (NNPC) Ltd, it will utilize Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan disclosed this during a...

Why CBN, NNPCL Agree to Domicile Oil Firm's Revenue in Apex Bank In an effort to improve efficiency and bolster their commercial activities, the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Central Bank of Nigeria (CBN) have announced their intentions to strengthen their...

AMPCON Chairman Decries Oil & Gas Saboteurs Mogaji Wole Arisekola, the National Chairman of the Association of Online Media Practitioners in Nigeria, (AMPCON), has spoken out against the activities of all economic saboteurs planning to hinder progress in reform being implemented by President Bola Tinubu’s...

NNPC Intervenes as Marketers Halted Petrol Import Over Costs In 2017, rising crude oil prices, volatile Premium Motor Spirit (PMS) supply costs, and a government-imposed cap on petrol prices forced Oil Marketing Companies (OMCs) to stop importing petrol. This is according to a recent statement by...

Confusion Reigns Supreme in Petroleum Industry as Nigeria Loses $14.6b to Oil Theft Annually By Abdulrahman Abdulraheem Confusion continues to be the order of the day in the country's upstream sector as key government officials are struggling to agree on the specific barrels of crude oil...