Oil Revenue Exceeds 2017 Budget Benchmark The Nigerian National Petroleum Corporation (NNPC) has stated that oil revenue in the first ten months of the year has exceed the 2017 budget oil benchmark of $44.50 per barrel by 18 per cent, revealing that oil has sold...

NNPC to Select Core Investor for Benue Bio-Fuel Project The Nigerian National Petroleum Corporation (NNPC) is set to conclude on the choice of a core investor for the proposed Bio-fuel plant in Agasha Guma area of Benue State. Speaking at the end of a follow-up meeting...

•AMCON, banks seize oil dealers’ tank farms Oil marketers have declared that the country’s refineries would not work as expected despite the billions of dollars being spent by the Federal Government on rehabilitating the facilities. According to the Major Oil Marketers Association of Nigeria, a body...

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day. The agreement, which was signed in London, is...

The Management of the Nigerian National Petroleum Corporation (NNPC) is executing a major restructuring of its corporate governance framework to engender an accountable and fraud repellent system across its value chain.  Declaring open the 2017 Fraud Awareness Week at the NNPC Towers, Abuja, Group Managing...

The Nigerian National Petroleum Corporation, NNPC, has lost a total sum of N18.56billion monthly as indicated in a latest report from the corporation. In  its July 2017 monthly financial and operations report revealed that the corporation lost a whopping N14.25billion to vandalism of its facilities...