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...
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...
