Buhari Meets NNPC Boss Kyari, As Oil Price Rises
President Muhammadu Buhari on Wednesday met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, at the Presidential Villa, Abuja.
The News Agency of Nigeria (NAN) reports that the...
In 13 Months, Nigeria Recorded Increased Gas Flaring - NNPC
The Nigerian National Petroleum Corporation (NNPC) has stated that a total of 276.04 billion cubic feet (bcf) of natural gas was flared from Nigeria’s oil fields between September 2018 and September 2019 – a period...
Gas Reduction Hinders 1,109MW Electricity Generation
The volume of gas supplied to gas-fired power plants dropped from 820 million standard cubic feet per day in February 2019 to 595mmscfd in September, a development that stalled the generation of 1,109 megawatts of electricity.
Latest data on gas...
Refineries Process No Crude Oil In 3 Months
Refineries under the management of the Nigerian National Petroleum Corporation stayed dormant for three consecutive months as they processed no drop of crude oil, latest report on the operations of the facilities has shown.
An analysis of the...
N1.6trn NNPC, Sovereign Wealth, Education, Funds Omitted In 2020 Budget
A total of N1.635 trillion key expenditure items captured in the 2020-2022 Medium Term Expenditure Framework (MTEF) are missing in the N10.594 trillion 2020 Budget recently passed by the National Assembly and assented to by...
Petrol Subsidy Now N47.5/litre As Oil Price Hits $67.86
The subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per litre as the expected open market price of the commodity hit N180.78 on Monday, latest data from the Petroleum Products Pricing...
