NNPC Increases June Selling Prices Of Crude Oil     The Nigerian National Petroleum Corporation has increased prices at which the country’s crude oil grades will be sold next month. The country’s July crude oil loading programmes showed higher output on key grades on Tuesday after the country...

Nigeria’s LNG Export Revenue Threatened As Demand Drops   The crash in demand for liquefied natural gas in Europe has posed a threat to the Federal Government’s revenue from the exports of the commodity. The Nigeria LNG Limited, which was established to harness Nigeria’s vast natural gas...

NNPC Reduced Depot Price To Remain Competitive - Operators   The recent reduction in the ex-depot price of petrol by the Nigerian National Petroleum Corporation was to keep the oil firm competitive following the commencement of petrol imports by private marketers, industry operators said on Wednesday. It...

PPPRA Clears Oil Marketers To Import Petrol   Private oil marketers have now joined the Nigerian National Petroleum Corporation in the importation of petrol. It was gathered from the Petroleum Products Pricing Regulatory Agency on Tuesday in Abuja that permits had been given to several marketers to...

CBN, NNPC To Spend N1bn On 3,000 Returnees     The Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to spend over N1bn on the quarantine and feeding of over 3,000 Nigerians awaiting evacuation in foreign countries. The two organisations are expected to share...

Fuel Pump Price May Rise In June As Oil Heads Towards $40 Per Barrel   If the Federal Government’s pricing template is anything to go by, Nigerians may have to brace for an increase in the pump price of fuel as oil prices begin to head...