NNPC Still Negotiating Financing Terms For Refineries’ Revamp Project - Baru   The Nigerian National Petroleum Corporation (NNPC) is still negotiating the terms of funding for the revamp of its four refineries in Kaduna, Port Harcourt and Warri, with potential financiers, the corporation’s Group Managing Director,...

Fuel scarcity Gone For Good Says NNPC   The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Saturday, assured Nigerians that the era of fuel scarcity is gone for good. Receiving “Man of the Year” award from Nigeria NewsDirect newspaper, Dr....

Reps Begin Probe Of Subsidy Payment   The joint House of Representatives committee on finance and petroleum (downstream) have resolved to go fully and investigate alleged payments of subsidy by relevant government authorities. The joint committee chaired by Babangida Ibrahim (APC, Katsina) and Joseph Akinlaja (PDP, Ondo)...

Depot Price Of Petrol Slumps As NNPC Floods Market   Motorists and other petrol users may soon experience permanent relief as the ex-depot price of the product, which had hit N160 per litre, was gradually returning to normal at the weekend as the Nigerian National Petroleum...

FG Applauds NNPC Foray Into Renewable Energy   The Federal Government has commended the Nigerian National Petroleum Corporation (NNPC) for venturing into the development of renewable energy across the country. Minister of Science and Technology, Dr. Ogbonnaya Onu, gave this commendation during his visit to the NNPC’s...

We're Expecting The Drop Of Crude Production To $15 per barrel, Says NNPC   The Nigerian National Petroleum Corporation (NNPC) is expecting the cost of producing crude oil to drop from $20 to $15 per barrel soon. It said it would ensure that the pipes for the...