Nigeria Loses $20.4bn Annually To Oil Theft   Speaker of the House of Representatives, Hon Femi Gbajabiamila on Tuesday said the country is losing 400,000 barrels of oil per day (bpd) amounting to about $20.4 billion annually to theft. But the Nigeria National Petroleum Corporation (NNPC) and...

NNPC Redeploys Top Management Officials In Major Reshuffle The Nigerian National Petroleum Corporation (NNPC) will carry out a major shakeup which will see a number of top management officers who head different divisions of the corporation moved to new ones. The shakeup, which is expected to...

Despite Being Dormant, Refineries Receive N80.74bn Crude Oil   A total of 4,084,560 barrels of crude oil valued at N80.74bn were supplied to Nigeria’s refineries for a period of 13 months despite the poor performance of the often dormant facilities at various intervals. Latest industry figures obtained...

Three Refineries Recorded N12.6bn Operational Expenses - NNPC   The Nigerian National Petroleum Corporation (NNPC) has said its three national refineries undergoing rehabilitation recorded N12.6 billion operational expenses last November. Its monthly financial and operational report for November 2019 said the combined value output by the refineries...

FG Spent N43bn To Subsidise Petrol In January     The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in the month of February 2020, according to data obtained from the Petroleum...

NNPC Retail Unveils New Engine Oil Brands   The Nigerian National Petroleum Corporation (NNPC) has taken another step through one of its subsidiaries, NNPC Retail Limited, to join the global lubricants market with the launch of six lubricating oils into the Nigerian market. The NNPC lubricants range,...