NNPC Loses N546bn To Failure Of Reforms In Three Years   Failure by the President Muhammadu Buhari-led administration to reform the oil and gas sector has pushed the Nigerian National Petroleum Corporation (NNPC)’s revenue loss to over N546 billion. The trend does not only represent the loss...

NNPC, Nigeria’s Oil Behemoth Records 3years N547bn Losses   It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. The Nigerian National Petroleum Corporation, the Abuja-based behemoth that dominates Nigeria’s energy industry, has recorded losses for at least...

Oil Export, NNPC Earns $4.29 Billion   Nigeria’s oil and gas sector recorded total revenue of $4.29billion (N1.554trillion) from exports between January 2017 and January 2018.On a monthly basis, total export sale of $439.60million was recorded in January 2018, representing 1.79 per cent lower than the...

PIB: NNPC Recommends Split of Petroleum Licences The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly. In a presentation at the Public...

NNPC Issues 2Year Oil Lifting Contracts   The Nigerian National Petroleum Corporation (NNPC) has issued crude export contracts that are expected to last two years instead of the usual one year, trading sources familiar with the matter said yesterday. Reuters reported that a partial preliminary list showed...

NNPC Currently A Transparent Organisation In Nigeria Says Baru   The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Wednesday stated that the organisation was currently among the most transparent in the country. In a goodwill message at a stakeholders’ workshop on the extractive sector...