The Federation Account Allocation Committee (FAAC) shared a total of N559 billion among the three tiers of government in July, this year being the statutory allocation for the month of June. The distributable monthly allocation marginally increased above N500 billion for the first time in...

Following the total deregulation of the downstream sector of the oil and gas industry, petroleum products are now thrown up to the forces of demand and supply, most especially, Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) – diesel. However, the Dual Purpose Kerosene...

When the newly appointed Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) Dr. Maikanti Kacalla Baru recently met with various security chiefs and agencies, he knew exactly that without the cooperation of these agencies, the oil exploration and exploitation in the...

The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible corporate citizen. Chairman of FIRS, Mr. Tunde Fowler gave this commendation when he received the Group Managing Director of the NNPC,...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Kacalla Baru says NNPC under his watch will continue with the previous initiatives to further grow the business and increase profitability as envisioned by the founders of the Corporation. He made this...

...OPEC president forecasts oil price recovery in Q4  ..Suspected militants kill three soldiers, seize military ammunition in Bayelsa ..Seriake appoints ex-militant to battle vandalism As part of the efforts to address frequent disruptions to the supply of crude oil to the Kaduna Refinery and Petrochemical Company (KRPC)...