NNPC, Investors Negotiate $7bn FDIs In Uk The Nigerian National Petroleum Corporation has said a team from the corporation is currently in London negotiating deals that will attract Foreign Direct Investments valued at about $7bn into Nigeria’s oil and gas sector. The nation’s crude oil and...

NNPC Insists On Gas Flare-out Policy Eliminating gas flare with a view to bequeathing a pollution-free environment to future generations of Nigerians remains a priority of the Nigerian National Petroleum Corporation (NNPC). The corporation made this commitment at an event held on Tuesday at the NNPC...

In 5 Years, Nigeria Earns $236bn From Petroleum Exports Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown. OPEC, in its 2019 Annual Statistical Bulletin,...

Petroleum Products Consumption Rise As NNPC Makes N174.6bn The consumption of white petroleum products across the country increased by about 30 million litres within one month, rising from the 1.33 billion litres consumed in February this year to 1.36 billion litres in March. Also, the Nigerian...

FG Sues NNPC, Agip, 2 Others A Legal battle has begun to recover huge funds lost to alleged under-remittance and diversion of oil/gas royalties and taxes by some major oil companies. The Federal Government has sued four oil companies, accusing them of not being transparent in...

Dormant Refineries Post Losses In 9 Straight Months The fortunes of Nigeria’s refineries have continued to plummet as the plants posted losses for nine consecutive months, the Nigerian National Petroleum Corporation has said. Findings from NNPC’s latest monthly financial and operations report showed that the refineries...