NNPC Plans To Rebuild Roads Under Tax Credit Scheme As a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond, the Nigerian National Petroleum Corporation (NNPC) has engaged critical stakeholders so as...

Global Oil Surge Pushes Daily Petrol Subsidy To N8.28bn   The rapid rise in global oil prices to record highs has pushed the subsidy cost being incurred by the Federal Government to N8.28bn daily, an analysis of data collated by our correspondent has shown. The data also...

FG Cuts JV Cash Call Arrears By Additional $300m, Outstanding Balance Slumps To $1.163bn   The federal government through the Nigerian National Petroleum Corporation (NNPC) has made an additional payment totalling $300,964,270 out of the Joint Venture (JV) cash call arrears owed some International Oil Companies...

Brent Crude Hits $83.99/barrel   Brent Crude at 12:50pm on Monday hit $84.50 per barrel, according to the Nigerian National Petroleum Corporation (NNPC). Its data indicated that the black gold gained $2.11 per barrel to rise at 2.56%. The surge followed a rise in demand for energy that...

Our Vision For NNPC Is Nothing Less than A Global Company - Buhari President Muhammadu Buhari has received the certificate of incorporation of the Nigeria National Petroleum Company Limited, saying the country expects nothing less from the Board of Directors, the Chief Executive Officer, and...

Petrol Landing Cost Now N264.65/litre     The landing cost of the Premium Motor Spirit (PMS) petrol is now N264.65 per litre, The Nation learnt yesterday. According to a source in the Petroleum Products Pricing Regulatory Agency (PPPRA), there exists a difference between the agency’s cost and that...