The Nigerian National Petroleum Corporation has defended the recent N4 increase in the pump price of Premium Motor Spirit at its filling stations across the country despite the statement made by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, that the hike...

The Nigerian National Petroleum Corporation (NNPC) is to collaborate with the Republic of Niger in the area of sharing of geological data to further boost the ongoing exploratory activities in the Chad Basin and Benue Trough. The Group Managing Director of the NNPC, Dr. Maikanti...

The Nigerian National Petroleum Corporation (NNPC) said it remitted $180.93million into the Federation Account in August. It said the performance was poorer than that of the preceding month when the corporation received a total of $212.25million. The corporation’s monthly financial report explained: “Total export proceeds of...

Nigerian National Petroleum Corporation recorded a total loss of N127.73bn between January and August this year, its latest group financial report released showed. The report for the month of August, however, indicated that the national oil firm reduced its losses to N11.22bn in the month...

THE Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, disclosed that the federal government will increase the penalty for gas flaring, while it intends to end the practice by 2020. Speaking during the 10th International Conference and Exhibition of the Nigerian Gas Association, NGA,...

NPA’s Managing Director Ms Hadiza Bala Usman, sources said, was furious when she learnt that four terminal operators and two firms at Onne Port were owing the agency  $7,931,247 and N9,458, 785,726. The debt excludes  what the Nigerian  National Petroleum Corporation (NNPC) and other terminal...