NNPC Says FG Paid N1.62tn Cash Call In 11months The Federal Government paid a total of N1.62tn in the joint venture cash call from January to November 2018, latest data from the Nigerian National Petroleum Corporation have shown. The dollar allocation to the JV cash call...

NNPC Supplied 19bn Litres Of Petrol In 13months The Nigerian National Petroleum Corporation (NNPC) has disclosed that in the last 13 months, it supplied a total of 19,437,894,096.66 billion litres of petroleum products into the Nigerian downstream sector through its Direct Sales Direct Purchase (DSDP)...

NNPC, Contracting Partners Begin Development of 2billion Barrels Bonga South West Field The Nigerian National Petroleum Corporation (NNPC) and its contracting partners have begun the development of 2 billion barrels Bonga south west field in OML 118 as part of efforts in actualizing Nigeria’s aspiration...

New Revenue Template Exposes Alleged NNPC’s Lax Probity   The new revenue template for revenue-generating agencies of government that came into existence last November may have exposed the alleged tardiness in accountability at the Nigerian National Petroleum Corporation (NNPC). The Federation Accounts Allocation Committee (FAAC) document revealed...

NNPC Records 116% Increase In Trading Surplus   The Nigerian National Petroleum Corporation on Tuesday announced a trading surplus of N2.06bn for the month of November 2018. This represents an improvement of 116 per cent over the previous month’s deficit of N12.66bn. The increase in performance month-on-month was...

Crude Oil Production By NPDC Increases By 57,000bpd   Crude oil production by the Nigerian Petroleum Development Company (NPDC), the flagship subsidiary of the Nigerian National Petroleum Corporation, has increased by 57,000 barrels per day. The NNPC, in its January 2019 news edition obtained in Abuja on...