In Three Months, N556bn Crude Oil Lost To Vandalism, Others – NNPC   Nigeria lost crude oil valued at about N556bn between August and October this year due to pipeline vandalism, community interferences, sabotage of oil facilities, among others, latest industry data obtained from the Nigerian...

NNPC Ends 2021 With Global Award For Oil, Gas Reforms     The Nigerian National Petroleum Company Limited has ended the year on a bright note after it won an award as the overall best company in oil and gas reforms at the Open Government Partnership global...

NNPC Spends N1.3trn On Pipelines, Others In 11 Months     The total amount so far spent this year by the Nigerian National Petroleum Company Limited on the Federal Government’s priority oil sector projects is $3.21bn (N1.322tn), data obtained from the NNPC on Thursday showed. It was also...

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...