In Six Months, NNPC Remitted $2.7bn To Accounts With CBN   The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria from January to June this year, a document on NNPC remittances to CBN seen in...

Removal Of Subsidy, NNPC Import Monopoly’ll End Queues – Marketers   Queues for Premium Motor Spirit, popularly called petrol, will end when the Federal Government halts PMS import monopoly of the Nigerian National Petroleum Company Limited and stops subsidy on petrol, the President, Petroleum Retail Outlet...

NNPC Shifts Fuel Subsidy Payment Burden To FG   The burden of fuel subsidy payment, a sore issue in the petroleum industry, has been shifted from the Nigerian National Petroleum Company (NNPC) Limited to the Federal Government. NNPC Limited Group Chief Executive Officer Mele Kyari said it...

IOCs To Remit N400bn Oil Debt For July – NNPC   Five international oil companies operating in Nigeria’s oil and gas sector are to remit an outstanding balance of about N400bn to the Federation Government through the Nigerian National Petroleum Company Limited this July. Figures on April...

Fuel Hits N250/litre In Abuja, Others, Queues Persist   Some filling stations in Lagos, Abuja, Niger and other states dispensed Premium Motor Spirit at between N200/litre to N250/litre on Sunday, higher than the government-approved retail price of N165/litre, as queues for the product extended to more...

NNPC to Establish Automotive Biofuel Refinery in Kogi The Nigerian National Petroleum Company (NNPC) has stepped up plans to establish a massive Automotive Biofuels Programme for Nigeria in Kogi state. As part of efforts to drive the process, the Kogi State Governor, Yahaya Bello, on Thursday...