In 2019, NNPC Spent N218.18bn On Ailing Refineries   Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The refineries, namely Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company, recorded...

Nigeria Consumed N2.64trn Petrol In 13 Months - NNPC   The Nigerian National Petroleum Corporation said on Sunday that it sold a total of 21.51 billion litres of petrol worth N2.64tn from December 2018 to December 2019. The NNPC said the sale of white products from December...

CBN Stops Dollar Sales To NNPC   Central Bank of Nigeria (CBN) has stopped local and international oil companies from selling dollars to the Nigerian National Petroleum Corporation (NNPC). The apex bank said the move is in line with the its determination to improve foreign exchange supply...

PPPRA’s Petrol Landing Cost Drops on Declining Oil Prices The sharp drop in the price of crude oil appear to have temporarily halted the federal government’s expenditure on petrol subsidy, records from the Petroleum Products Pricing Regulatory Agency (PPPRA) have suggested. Following the slump in crude...

Shake-up As NNPC Retires 40 GGMs, GMs   The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the oil firm. It was gathered on Thursday in Abuja that the affected GGMs and GMs were asked to leave...

NNPC To Reduce Crude Oil Production Cost From $17   The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria...