Nigeria Subsidises Petrol Consumption For Other African Countries   The massive petrol subsidy currently being reported by the Nigerian National Petroleum Corporation (NNPC), may be a reflection of petrol consumption not only by Nigerians, but also those used by neighbouring African countries. This development is being justified...

NNPC’s 3months Deduction For Subsidies Surpass 2017 Disbursement, W’Bank Reports   The Nigerian National Petroleum Corporation’s (NNPC) deductions from crude oil sales revenue for petrol subsidies in the first three months of 2018 alone exceeded the deductions for the whole of 2017, a report by the...

Oil Subsidy Rises As NNPC Imports Grow By 34% The Nigerian National Petroleum Corporation has spent more on petrol subsidy this year than it did last year on the back of increased imports and the rally in crude oil prices. The nation imported a total of...

There'll Be Adequate Fuel During Yuletide, NNPC Reassures Nigerians   The Nigerian National Petroleum Corporation (NNPC) has again assured the Nigerian public that the ugly experience witnessed last year, during the Christmas and New Year festivities due to scarcity of petroleum products will not happen again...

Probing Of NNPC Over $1bn 'Diverted' NLNG Dividend Begins   The Senate has begun an investigation of the diversion of $1.05bn from the Nigerian Liquefied Natural Gas dividend account by the Nigerian National Petroleum Corporation. The upper chamber is specifically probing all withdrawals from the account and...

NNPC Banks On NAPE To Grow Oil Reserves To 40m Barrels   The Nigerian National Petroleum Corporation (NNPC) has indicated it would be looking to oil explorationists under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE) to support its aspirations to grow Nigeria’s crude...