NNPC Raises August Selling Prices Of Crude Oil
The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil grades would be sold in August.
Most of the country’s September loading programmes emerged on Monday, but traders were still...
Nigeria’s Deepwater Gas Production Hits Lowest
The volume of natural gas produced from the nation’s deepwater oilfields has hit its lowest level in at least five years, an analysis of data obtained from the Nigerian National Petroleum Corporation has shown.
The deepwater gas production plunged in...
NNPC Suffers 47% Drop In Petrol Sales Revenue
The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April as supply dropped amid the coronavirus lockdown and the reduction in the pump price of the product.
The...
Fed Govt Spends N464bn On Oil Joint Ventures
The Federal Government spent N464.2bn in the first three months of 2020 on oil and gas assets being developed through joint ventures with private firms, mostly international oil companies, the latest data from the Nigerian National Petroleum...
Reps Seek Relocation Of Oil Tank Farms As NNPC Seeks Time
The House of Representatives has called for the relocation of oil tank farms from residential areas nationwide.
Speaker of the House of Representatives, Femi Gbajabiamila made the call while inaugurating an adhoc committee on the...
NNPC’s Losses Increase By 200%, Now N30.8bn
The Nigerian National Petroleum Corporation lost N30.81bn in April 2020, representing over 200 per cent increase in its operating deficit, latest figures from the oil firm showed on Wednesday.
In the report on the corporation’s financial and operational activities...
