FG Offsets Gencos’ Gas Bill With N200bn     The Federal Government has in the past two to three days paid over N200bn for power supply in Nigeria, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, declared on Wednesday. Also, the Association of Nigerian Electricity Distributors,...

Despite Price Cut, 60 Nigerian Oil Cargoes Remain Unsold   A total of 60 Nigerian crude oil cargoes have not been sold despite the reduction of the official selling prices by the Nigerian National Petroleum Corporation. A glut of Nigerian and Angolan crude weighed on the market...

Evaluating New Plan To Revive NNPC’s Refineries   The Group Managing Director of the NNPC, Mallam Mele Kyari, last week revealed that the corporation will spend money to repair its four broken-down refineries in Warri, Port Harcourt and Kaduna, after which it would hand them over...

NNPC To Extend Services To Neighbouring Countries     The Nigerian National Petroleum Corporation (NNPC) is to extend some of its services, including the building of filling stations, to some neighbouring countries. NNPC, in a statement yesterday in Abuja by its Group General Manager, Group Public Affairs Division,...

FG’ll Divert N457bn Petrol Subsidy To Other Sectors – NNPC   The Federal Government will divert N457bn provided for petrol subsidy in the budget to other sectors of the economy, the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said. He also disclosed...

No Buyer Has Rejected Nigeria’s Crude - NNPC     No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, stated on Monday. Kyari explained that although some vessels...