The Nigerian National Petroleum Corporation (NNPC) has promised to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta. The corporation said it had created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation...

The Nigerian National Petroleum Corporation has said it realised between five per cent and 30 per cent discounts on existing contracts after several renegotiations. According to the corporation, this arrangement has led to substantial savings for the national oil firm, thus helping to improve its overall...

...Discharges 38.7million Litres In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel. The Group Managing Director of the...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the federal government for terminating the cash call payments on Joint Venture (JV) agreements with major international oil companies (IOCs) saying N7.5 trillion was spent on financing the arrangements in five years. In a statement by...

A total sum of N386.879 billon has been disbursed as Federal Allocation for the month of November 2016 for the Federal Government, State Governments and Local Government Councils of the Federation. The figure was released after the meeting of the monthly Federation Account Allocation Committee,...

The Nigerian Petroleum Development Company (NPDC), the exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), lost N1.5 trillion to attacks on its facilities from January till date. The Group Managing Director of NNPC, Dr Maikanti Baru, who disclosed this at the opening...