Report Predicts $17bn Decline In Nigerian Oil Revenue   Nigeria’s oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Financial Derivatives Company Limited and a member...

FG Refineries Suffer N19bn Loss In Two Months     The refineries owned by the Federal Government recorded a total loss of N18.96bn in the first two months of this year, the Nigerian National Petroleum Corporation has said. Latest data from the NNPC showed that the refineries, which...

NNPC Dismisses 100 Contract Workers   The services of over 100 workers contracted by selected contractors of the Nigerian National Petroleum Corporation to work at refineries have been discontinued as the oil firm rehabilitates its refineries. It was learnt that after the NNPC disengaged the contractors, the...

Petrol price: FG Setting Us Against Nigerians - Marketers   By reducing the ex-depot price of petrol without announcing a new price band for the commodity at filling stations, the Federal Government through its agencies is trying to set marketers against the buying public, oil dealers...

Nigerians Consumed 1.2bn Litres Of Petrol In 30 Days - NNPC     Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a report by the Nigerian National Petroleum Corporation (NNPC), has shown. The corporation also announced that...

Refineries Produced No Petrol In Eight Months – NNPC     No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National Petroleum Corporation for eight straight months. Latest figures released by the NNPC on refined white products (petrol...