The Petroleum Products Pricing Regulatory Agency (PPPRA) said Federal Government would be collecting N8 per litre as subsidy on petrol imported by NNPC and other marketers. Alhaji Farouk Ahmed, outgoing Executive Secretary of the Agency, announced this while handing over to Mr Moses Mbaba, General...

……Deploys additional Volumes of Petrol to Halt Emerging Queues in Abuja The Nigerian National Petroleum Corporation, NNPC has announced the deployment of additional trucks of petrol to arrest the emerging fuel queues in some fuel stations in the Federal Capital Territory. The NNPC in a release...

Nigeria is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4bn in debt that the Nigerian National Petroleum Corporation has accumulated over years of mismanagement. The Minister of State for Petroleum, Dr. Ibe Kachikwu, told...

The Nigerian National Petroleum Corporation, NNPC, spent about N306.92 billion on subsidy between January and December 2015. A motorist refueling his car at a black market According to the NNPC’s Monthly Financial and Operations Report for December 2015, the subsidy experienced a dip in the...

The Nigerian National Petroleum Corporation (NNPC) imported 6.2bn litres of premium motor spirit (PMS) popularly known as petrol, last year to remain one of Africa’s highest petrol importers. The imports were made through the Offshore Processing Arrangements (OPA), a system whereby NNPC allocates more than...

The Nigerian National Petroleum Corporation (NNPC), said, as part of the measures to optimize the marketing of Nigeria’s crude oil and secure new market potential, the number of off-takers for the proposed 2015/2016 term contracts, which would emerge after a planned rigorous competitive bid...