NNPC: Non-passage Of Petroleum Bills Limiting Oil Investments   The Nigerian National Petroleum Corporation has said the volume of foreign investment flow into the country will not be as robust as it should be until the petroleum legislation for the oil and gas sector is passed. The...

After Faulting Presidential Panel, NNPC Restates Commitment To Transparency, Due Process   The Nigerian National Petroleum Corporation (NNPC) yesterday restated its commitment to transparency and due process, especially with regard to an alleged breach of Treasury Single Account (TSA) policy. Special Presidential Investigative Panel for the Recovery...

NNPC Assures 90% Pipeline Recovery After Repairs The Nigerian National Petroleum Corporation (NNPC) has said it will maintain current efforts to revamp Nigeria’s downstream oil and gas infrastructure and ensure there is at least 90 per cent pipeline availability. It also said it would keep up...

NNPC Boss, Kyari Explains $1.8bn OMLs Renewal Fee   The Nigerian National Petroleum Corporation has said that it is unnecessary for it to pay the 60 per cent ($1.8bn) lease renewal fees, which is its equity contribution in the Oil Mining Leases 67, 68, and 70. This,...

NNPC Targets Higher Oil Income   The Nigerian National Petroleum Corporation (NNPC) has indicated its willingness to step up its contribution to Nigeria’s revenue, especially the implementation of its 2020-2022 medium term fiscal frameworks. A statement from the corporation stated it had commenced extensive conversations on this...

Refineries Incur Losses In 13 Months Nigeria’s four refineries under the management of the Nigerian National Petroleum Corporation have not made any profit since May 2018. Instead, the refineries posted losses consecutively between May last year and May this year. The country’s refineries comprise Warri Refining and...