Agip, Oando Get NNPC’s Stake In Three Oil Wells
The Nigerian National Petroleum Corporation on Wednesday signed an agreement with Nigeria Agip Oil Company and Oando for the transfer of NNPC’s stake in three oil wells.
The wells include Oil Mining Lease 61, 62 and 63...
Bringing NNPC To Sustainable Profitability
A 10-year review of the Nigerian National Petroleum Corporation has revealed an unprofitable national oil company evidenced by reports from BudGIT and the Nigerian Extractive Industries Transparency Initiative.
These records prove that the NNPC’s activities have been over time deluged with...
New Hope Beckons On Nigeria’s Ailing Refineries
The Nigerian National Petroleum Corporation has set a 2022 date for its three refineries in Kaduna, Warri and Port Harcourt to come back fully to operation.
The Nigerian National Petroleum Corporation (NNPC) has said that repair works on its...
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...
