Federation Account Remittances Slide By N1.58rn In 10 Months   Remittances by the Nigerian National Petroleum Company Limited to the federation account have plunged by N1.58tn in 10 months, with experts calling on state governments to improve on its Internally Generated Revenue to augment the allocations,...

Nigeria’s Petrol Imports Rise By 55%, Hit N2.52trn In Nine Months     The cost of Premium Motor Spirit, also known as petrol, imported into Nigeria from January to September this year surged by 55.56 per cent to N2.52tn from the N1.62tn spent in the same period...

Fuel Subsidy Hits N1.03trn, NNPC To Deduct N199bn From Federation Account     Amid plans by the Federal Government to remove subsidy on petroleum products next February, a government report shows the subvention has gulped N1.03tn in the first 10 months of this year. The document also...

Reps Order Audit Of NNPC Assets, Liabilities, Probe IoCs Over N2.6trn Debts     The House of Representatives has called for an audit of the assets and liabilities of the Nigerian National Petroleum Corporation before it is fully privatised. At the plenary on Wednesday, the House resolved to...

NNPC Partners IPPG To Boost Industry Reforms     The Nigerian National Petroleum Company Limited has stated it is imperative to collaborate with the Independent Petroleum Producers Group, to ensure the industry is well positioned to seize opportunities and minimize any adverse impact. A statement by the IPPG...

Fuel Worth N12.87bn Lost In Seven Months - NNPC   Petroleum products valued at N12.87bn were lost in seven months as oil theft and pipeline vandalism continued to plague the country’s oil and gas industry. The latest data obtained from the Nigerian National Petroleum Corporation showed that...