The Nigeria National Petroleum Corporation (NNPC) has reported a loss of N26.51bn in its June 2016 operations, a month after it declared N274 million first profit in 15 years. The corporation’s latest monthly financial and operations report showed that out of N₦118.39bn revenue it earned...

50 oil giant’s workers in N15b mess Where is the former Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) linked to an alleged $1.6 billion money laundering and oil deals involving former Petroleum Resources Minister Mrs Diezani Alison-Madueke? The Economic and Financial Crimes Commission (EFCC)...

The Nigerian National Petroleum Corporation (NNPC) says it is unaware of any increase in the official ex-depot price of kerosene. The Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC, was reportedly said to have increased the ex-depot price from N75 to N135...

As the price of kerosene continues to soar because of inadequate supply, marketers have been accused of selling Jet A1, better known as aviation fuel, as kerosene, in the process making a kill of N50-N100 per litre. The diversion of the product to fuel outlets...

The Minister of Aviation, Mr. Hadi Sirika, said government is set through the Bureau of Public Procurement to concession, Abuja, Lagos, Kano and Port Harcourt airports. According to him, the concessionaire of the Nnamdi Azikiwe International Airport, Abuja, would have to build a second runway...

President Muhammadu Buhari has directed the management of the Nigerian National Petroleum Corporation to fast-track oil exploration in the North, specifically in the Chad Basin and Kolmani River. The Group Managing Director, NNPC, Dr. Maikanti Baru, stated that the President’s directive to the corporation to...