Oil Crash May Warrant Production Halt - NNPC   Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in production, the Nigerian National Petroleum Corporation has declared. On Tuesday, global oil price benchmark, amid the demand collapse...

NNPC: No Cause For Worry Over Slump In US Oil Price   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said Nigeria has no cause to be apprehensive over the slump in the United States crude oil futures, saying...

Oil Production To Continue Despite Price Decline - NNPC   The Nigeria National Petroleum Corporation (NNPC) said it would continue oil production despite the fall in price. The explanation came on the heels of the speculation that Nigeria had halted the production of the commodity which prices...

FG Spends N1.96trn On JV Oil Assets   The cash call payments made by the Federal Government for joint venture oil assets rose by 7.1 per cent in 2019, gulping 64.26 per cent of the revenue from oil and gas sales. The Federal Government spent a total...

FG To Sustain Peak Power Generation With New Gas Supply Deal     A new gas supply agreement among the Nigerian National Petroleum Corporation (NNPC), the Transmission Company of Nigeria (TCN), power Generation Companies (Gencos) and other major stakeholders may see the federal government sustaining the current...

Discos, Gencos Deny Knowledge Of FG’s N200bn Payment   Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days. Group Managing Director, Nigerian National Petroleum Corporation, Mele...