Domestic Utilisation Gulps 8,621,658 Barrels - NNPC
The Nigerian National Petroleum Corporation (NNPC) in November 2019, lifted 8,621,658 barrels of crude oil from the daily allocation for domestic utilization translating to an average volume of 287,389 barrels of oil per day in terms of performance.
The...
Oil Price Plunges To $22, Cheapest In 18 Years
The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel.
This comes amid growing fears that the global coronavirus shutdown could last months and demand...
NNPC Decries Panic Buying As Petrol Queues Surface In Abuja
Motorists and other users of petrol formed long queues in front of many filling stations in Abuja and neighbouring Nasarawa and Niger states on Monday.
The queues surfaced despite assurances by the Nigerian National Petroleum Corporation...
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...
