We Lose $700m Monthly To Oil Theft - NNPC   The Nigerian National Petroleum Company Limited (NNPCL) says it loses 470,000 bpd amounting to $700m monthly to the activities of oil thieves. The Group General Manager, Crude Oil Marketing Department, Rose Eshiett, disclosed this to journalists on...

NNPC Backs Forensic Audit, Defends 68m-litre Daily Consumption   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday insisted that daily supply of Premium Motor Spirit, popularly called petrol, across the country was 68 million and offered to submit itself for forensic audit of PMS supply...

Dangote Refinery'll Gets 300,000 Barrels Per Day From NNPC   The Nigeria National Petroleum Corporation Limited (NNPCL) will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive...

NNPC Ltd Assets Worth $60bn, Says Kyari   The Group Chief Executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the assets of the newly reformed company are worth $60 billion (about N25.27 trillion). Kyari stated this at the Nigeria-India Business Forum held...

New Data Reveals NNPC’s Debts to FG, States Hit N1.055trn In Six Months   The total debts owed by the Nigerian National Petroleum Company Limited (NNPCL) to the federal and state governments have hit N1.055 trillion in the first six months of 2022, new data from...

NNPC Executes Renegotiated PSC to Enhance Revenue Less than a month after the unveiling of NNPC Ltd by Mr. President, we are excited to announce the execution of fully termed agreements for the renegotiated PSCs on 12th August 2022. This is a major landmark achievement since...