Kyari to Lawmakers: NNPC Has Nothing to Hide The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, says the corporation has nothing to hide and will comply with the request of the House of Representatives Committee on Public Accounts. Kyari stated...

Oil Marketers Disagree With Depot Owners Over Petrol Price Hike   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticised private depot owners over the recent increase in the pump price of Premium Motor Spirit, also known as petrol, in some states. According to reports, some...

Kyari: Nigeria's Economy No Longer Dependent On Oil Revenues The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, says the Nigerian economy has become less dependent on oil revenues, unlike what was obtained in the past. Speaking at the Atlantic...

NNPC Deductions From Federation Account Rise To N883.56bn In Q1, 2022   The financial pressure on the three tiers of the Nigerian government is escalating as deductions from the oil revenue, the major source of inflow to the Federation Account, rise sharply. Findings from the Federation Account...

NNPC Loads 995m Litres Of Petrol To States Nigerian National Petroleum Company Ltd. (NNPCL) has loaded 994.479 million liters of petroleum worth N164.175 billion (at N165 per litre) to states and the Federal Capital Territory (FCT) in the last 14 days. Authorities have blamed rising diesel...

NNPC Gets Two-week Ultimatum To Defend N3trn Debt   The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has given the Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, two weeks to defend its indebtedness...