Nigeria Needs $3bn Investment In Refinery     To meet the growing demand of her 17.3 million Metric tons of petroleum products, Nigeria needs to invest about $3.09 billion in refinery projects. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who disclosed this at the...

NNPC To Reconstruct Federal Roads, Projects To Gulp N621.2bn     The federal government has given the Nigerian National Petroleum Company (NNPC) the green light to take over the repairs and reconstruction of 21 critical highways spread across the nation’s six geo-political zones. This is just as the...

Petrol Subsidy May Rise To N3trn In One Year – NNPC subsidiary     The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium Motor Spirit (petrol) will rise to N3tn if the current market realities persist. The...

NNPC Spends N123.7bn As Petrol Subsidy In September   The Nigerian National Petroleum Corporation (NNPC) has revealed that it spent N123.73 billion on petrol subsidy in September 2021. The Corporation in its report to the Federation Account Allocation Committee (FAAC) for October meeting said the amount with...

Nigeria Needs $2.7bn Investment To Stabilise Petroleum Products Supply — NNPC   The Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products. In his keynote address at the 15th...

Fuel Demand To Hit 17.3m MT By 2025 – NNPC     The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said Nigeria’s demand for petroleum products is expected to grow from 15.1 million metric tonnes in 2020 to 17.3 million MT by...