Petrol Subsidy Rises, Hits N1.16trn In 11 Months   The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year, the latest data from the Nigerian National Petroleum Company Limited show. The data also revealed that NNPC’s remittances...

FG Generates N2.56trn From Petrol, Kerosene, Diesel Sales In 13 Months   The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white products (petrol, kerosene, diesel) in about 13 months. It also announced that N203.73bn was made on...

Tax Credit: NNPC Hands Over N621bn Cheque For 21 Roads     The federal government has expressed optimism that the tax credit scheme given to taxable companies to build road infrastructures would help to salvage the deteriorating state of the road network in the country as the...

Petrol Subsidy Now N1trn As NNPC Paid N163bn In October   Subsidy payment being made by the Nigerian National Petroleum Company Limited (NNPC) on Premium Motor Spirit (PMS), otherwise called petrol, hit the N1 trillion mark in October after the national oil firm paid N163 billion...

NNPC To Halt Rising Cooking Gas Price, Increases Supply   The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Monday announced that NNPC was currently increasing the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force...

NNPC Expends N83.33bn On Dormant Refineries In 10 Months     The Nigerian National Petroleum Company (NNPC) Limited, spent N83.33 billion on the country’s non-functional petroleum refineries in the first 10 months of 2021, according to latest data from the national oil company. Documents from the NNPC on...