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...

NNPC Says 77m Nigerians Lack Access To Power   The Nigerian Bulk Electricity Trading Plc on Thursday provided statistics on misalignments in the power value chain, saying that about 14,000 megawatts of electricity was contracted to power generation companies. Managing Director, NBET, Nnaemeka Ewelukwa, gave a breakdown...

NNPC Spends N1.1trn On Subsidy, FAAC Remittance, Oil Exploration In 7 Months   The Nigerian National Petroleum Corporation (NNPC) spent N1.165 trillion to subsidize petrol, for oil exploration and remittance to the Federation Account Allocation Committee (FAAC) in seven months of this year. According to NNPC monthly...

NNPC To Spend N621bn On Rehabilitation Of 16 Roads   The Nigerian National Petroleum Corporation has committed to spend N621bn on road rehabilitation, following the suspension of the planned strike by the National Union of Petroleum and Natural Gas Workers, our correspondent gathered on Tuesday. Economic Confidential...