We've No Plan To Increase Fuel Price - NNPC   The Nigerian National Petroleum Corporation on Thursday advised motorists and other petroleum product consumers to disregard the trending rumour of a planned hike in the pump price of Premium Motor Spirit, popularly known as petrol. It explained...

We'll Increase Remittances To FAAC, NNPC Assures Govs   The Nigerian National Petroleum Corporation on Wednesday told state governors that it would increase its remittances to the Federation Account Allocation Committee, a development that would lead to an increase in the monthly allocations to states. NNPC’s Group...

NNPC Repays $2.3bn Joint Venture Cash Call Arrears   The Nigerian National Petroleum Corporation has so far repaid $2.3bn cash call arrears to its Joint Venture partners. Nigeria’s oil and gas production structure is split between JV (onshore and in shallow waters) with foreign and local firms...

Oil Revenue Records Another Monthly Decrease Of N62bn The shut-ins and shutdowns of some terminals by the Nigerian National Petroleum Corporation led to another monthly drop in the gross oil revenue that comes to the federation. Latest data from the Central Bank of Nigeria showed that...

Smugglers Move Nigeria’s Petrol To Mali, Others — NNPC   Smugglers of Premium Motor Spirit, popularly known as petrol, smuggle the commodity to as far as Burkina Faso, Mali and Cote d’Ivoire, the Nigerian National Petroleum Corporation stated on Wednesday. The NNPC also stated that the commodity...

In 13 Months, NNPC Spent N956bn On Petrol Subsidy An operations and financial report of the Nigerian National Petroleum Corporation (NNPC) has shown that the state oil company spent monies worth N956,765,767,585 on various costs it incurred between October 2017 and October 2018, a period...