FAAC shares N715bn for July ..As New Revenue Template underway for NNPC, Others The Federation Accounts Allocation Committee (FAAC) on Thursday shared a total sum N715 billion among the three tiers of government for the month of July 2018 and also agreed a new revenue reporting...

No Drop In Gas Supply For Power Generation – NNPC The Nigerian National Petroleum Corporation (NNPC) has emphasized the availability of enough gas for power generation noting that the recent drop in electricity generation was as a result of some factors outside its control. The NNPC...

618km AKK Pipeline Project anchored on Contractor Financing Model The Nigerian National Petroleum Corporation (NNPC) on Tuesday emphasized that the execution of the strategic Ajaokuta-Kaduna-Kano(AKK) gas pipeline project is progressing under the original concept of 100 percent contractor financing model. The NNPC in an apparent response...

NNPC To Establish 100,00-Barrel Refineries In P'harcourt, Warri The Nigerian National Petroleum Corporation on Tuesday announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt, Rivers State and in Warri, Delta State. It said the plan was part of its refinery collocation initiative designed...

Gas Delivery: NNPC, Seplat Sign Agreements The Nigerian National Petroleum Corporation and Seplat Petroleum Development Company have signed five agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The NNPC said the...

FG Saves $1bn Through Direct Sale Of Crude Oil Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has confirmed huge benefit accruing to the country following the replacement the offshore processing arrangement (OPA) and crude oil swap with the Direct Purchase of Petroleum Products...