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...

  Nigerian Economy To Grow By 3.24% In 2022: CBN The Central Bank of Nigeria, CBN, has projected that the Nigerian economy will grow by 3.24 per cent in 2022, despite the rising inflationary challenges occasioned by global socio-economic events. The CBN Governor, Godwin Emefiele, made this...

Queue For Fuel Persists Despite 1.824bn Litres Supply   The queues by motorists for Premium Motor Spirit, popularly called petrol, particularly in Abuja and northern states have refused to clear despite the supply of about 1.824 billion litres of PMS by the Nigerian National Petroleum Company...

Audit Queries: Reps Write Kyari, Summon 17 NNPC Subsidiaries   The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, Mr Mele Kyari, over audit queries issued against...