NPDC Boss Removed, 49 Others Affected In NNPC's Major Shake-up There has been a massive reorganisation of the top management staff of the Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced. It...

Nigeria's Reliance On Imported Fuel Rises, Says Report   Oil production from fields in Nigeria in 2018 were 70,166,496 (70 million) barrels more than what were produced in 2017, a report by the Nigerian National Petroleum Corporation (NNPC) has disclosed. The document titled: “NNPC Monthly Financial and...

Reps Charge NPA, NNPC Others Over Unremitted FG Revenues The House of Representatives has accused Federal Government’s ministries, departments and agencies of failing to follow the Treasury Single Account policy, leading to revenue leakages. The House said it had discovered that over $900m was still “being...

80 Deepwater Oil Blocks Not Producing - NNPC Only seven out of the 87 deepwater oil blocks in Nigeria are producing, while six are at different phases of development, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said. Baru also...

132 Firms Submit Bid For NNPC Crude-For-Product Swap Contracts The Nigerian National Petroleum Corporation announced on Thursday that 132 firms had submitted bids for the 2019 crude oil-for-product swap programme, called the direct sale of crude oil and direct purchase of petroleum products scheme. Under the...

NNPC Moves 40bn Oil Reserves Target To 2025   The Nigerian National Petroleum Corporation has said it seeks to increase the nation’s crude oil reserves to 40bn barrels and production capacity to four million barrels per day by 2025. The Federal Government in 2010 set the target...