13yrs After , Ajaokuta-Kano $2.8bn Pipeline Project Revived     Plans by the Nigerian National Petroleum Corporation (NNPC) to extend its major gas pipeline infrastructure to connect various parts of the country got a major boost last week following the signing of contracts for the engineering, procurement,...

TSA Forced NNPC To Close Over 2000 Bank Accounts     The introduction of the Treasury Single Account (TSA) in August 2015 reduced the number of accounts managed by the Nigerian National Petroleum Corporation (NNPC) from over 2000 to a little under 200, the corporation’s chief financial...

NNPC Makes Trading Profit Of N250bn, Director Says       The Group Executive Director, Finance and Accounts of the Nigerian National Petroleum Corporation, Mr. Isiaka Abdulrazak, said the corporation made a trading profit of N250bn in 2016. Abdulrazak said this in a quarterly publication of the NNPC, a...

NNPC Restores Normal Supply Of Petrol At Cost Of N1.4tn   Exactly six months after the Nigerian National Petroleum Corporation (NNPC) assumed the sole importer of petrol in October 2017 and struggled to meet the country’s need, the corporation has finally normalised the supply of the...

NNPC Completes Five Years Group Financial Audit     The Nigerian National Petroleum Corporation on Sunday announced the completion of the outstanding audit of its group financial statements from 2011 to 2016. It said the audited statements had been formally approved by its Board in line with extant...

NNPC Signs Contract Agreements for 614km AKK Project The Nigerian National Petroleum Corporation (NNPC) has executed contracts for the engineering, procurement, construction, commissioning and financing for Lots 1&3 of the 40inch x 614km Ajaokuta - Kaduna – Kano(AKK) gas pipeline and stations with a consortium...