In 5 Years, NNPC Others Remitted N28.58trn To Federation Account – NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that N28.58 trillion was remitted to the Federation Account between 2012 and 2016. The remittances came from three major sources: mineral revenues, non-mineral revenues...

Nigeria To Make $6.35bn In Taxes, Royalties – NNPC   The Nigerian National Petroleum Corporation on Sunday announced that it had secured the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company operated OML 65. A statement issued by the NNPC’s Group General Manager,...

Pipeline Project: NNPC Agrees To $2.5bn Financing With Chinese Lender   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari...

Border Closure Has Significantly Reduced Petrol Smuggling - NNPC   The recent closure of Nigeria’s borders has significantly led to a reduction in the smuggling of Premium Motor Spirit, popularly known as petrol, out of Nigeria, the Nigerian National Petroleum Corporation has said. Economic Confidential had in...

NNPC Wants DSS's Assistance On Debt Recovery, Vandalism   The Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has asked the Department of State Services to assist the NNPC in its effort to recover outstanding debts as well as curb pipeline vandalism. Kyari...

NNPC To Grow Domestic Gas Utilization To 5bcfd By 2022   The Nigerian National Petroleum Corporation (NNPC) has expressed its determination to aggressively grow domestic gas utilization in-country to 5billion cubic feet of gas per day from its current 1.7billion cubic feet of gas per day...