The Nigerian National Petroleum Corporation (NNPC) has advised consumers of Petroleum products across the country not to engage in panic buying as a result of the fire incident which occurred in the wee hours of Saturday July 15 at a tank farm at Calabar...

Reps Investigate N11 Billion Disappearance of Petroleum Product....As Refineries Meet 60% of Domestic Kerosene Consumption The House of Representatives Committee on Petroleum Resources(Downstream) is investigating the disappearance of N11 billion worth of petroleum products belonging to the Nigerian National Petroleum Corporation(NNPC). The Committee Chairman, Hon. Joseph...

The Nigerian National Petroleum Corporation has said that its refineries in Port Harcourt, Warri and Kaduna were now supplying 60 per cent of the Dual Purpose Kerosene being consumed in the country. This, it said on Sunday, was in line with the 2019 target date...

The Chairman of Capital Oil, Mr Ifeanyi Ubah, currently embroiled in crisis with Nigerian National Petroleum Corporation (NNPC) over product diversion, has alleged the corporation is owing him N16 billion. NNPC has been tackling Ubah over N11 billion which it claimed was the worth of...

Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. Reuters said the supply glut is a sign that an expected second-half rebalancing of the global market is getting off to a slow start. An...

…As NNPC GMD Marks a Year Anniversary The Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from renegotiated Upstream contracts being executed by its various service providers. The Corporation said the feat was achieved in the quest to continually drive...