NNPC Spends Estimated N33.60 Per Litre To Subsidize Petrol   Yesterday, news filtered into the mainstream media that the Federal government spent a whooping sum of N650.1bn (US$1.8bn) in subsidizing petrol consumption between April 2018 and March 2019. According to the media sources, the statistics were...

In June, NNPC Reports $226m Oil Revenue Drop   Earnings from oil and gas production in June were down by 44.65 per cent, indicating a value reduction of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC,...

NNPC, Total Partner To Grow Oil Reserves, Production   The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have agreed to work together to actualise the country’s aspiration of growing national oil reserves of 40 billion barrels. Group managing director of the NNPC, Mallam Mele Kyari, and...

NNPC Under-remitted N78bn To Federation Account, NEITI Says   The Nigeria Extractive Industries Transparency Initiative on Thursday announced that the Nigerian National Petroleum Corporation under-remitted N77.92bn to the Federation Account from domestic crude allocation in 2017. It disclosed this in its latest report on Nigeria’s share in...

NNPC To Conceive Performance-based Pipeline Protection System   In efforts to rid the nation of the menace of pipeline vandalism, the Nigerian National Petroleum Corporation (NNPC), yesterday, disclosed that a new performance-based pipeline protection system is being considered to address the situation. The approach, according to the...

NNPC Gets Accreditation From NHIS To Provide Medical Services   The National Health Insurance Scheme (NHIS) has formally accredited the Health Maintenance Organisation of the Nigerian National Petroleum Corporation (NNPC), thereby enabling the oil firm to provide healthcare services to Nigerians. According to the oil firm, the...