The Nigerian National Petroleum Corporation (NNPC) has recorded its third consecutive monthly loss in March as the oil firm reported a loss of N33.996bn in the first quarter of this year. According to the latest monthly financial and operations report for March 2017, the NNPC...

Efforts by the Federal Government to boost electric power generation in the country may soon yield the required dividend following the sustained increase in gas supply for power generation by the Nigerian National Petroleum Corporation, NNPC. The March 2017 edition of the monthly Financial and...

Nigerian crude differentials remained under downward pressure yesterday from ample supplies. According to Reuters, a number of pending Asian buying tenders was keeping a lid on activity in the Nigerian market, traders said. Supply is plentiful as a number of cargoes are still available for June...

House of Representatives Ad hoc Committee investigating allegedly missing 17 billion dollars crude oil and Liquified Natural Gas revenue has uncovered 15 billion dollars unremitted revenue into Federation Account. The trace of the alleged missing fund believed to have been stolen and diverted to a...

As part of concerted efforts to resolve the nation’s electric power challenge, the Nigerian National Petroleum Corporation (NNPC) and the Bayelsa State Government are to build a power plant in the state. The Group Managing Director of the Corporation, Dr. Maikanti Baru, made this known...

The Senate has declared that Nigeria is losing $2.5 billion yearly to gas flaring. This is just as it began moves to enact a legislation to outlaw gas flaring in the country. At a public hearing on the Gas Flaring (Prohibition) Bill in the National Assembly,...