Nigeria Lost N221.64bn In July To Oil Production Stoppages – NNPC   A total of 7,193,520 barrels of crude oil was lost in July this year due to about 39 production shut-in incidents, latest figures released by the Nigerian National Petroleum Corporation showed. An analysis of the...

CAC Incorporates NNPC As Limited Liability Company         The Corporate Affairs Commission on Wednesday said it had completed the incorporation of Nigerian National Petroleum Company in line with the provisions of the Petroleum Industry Act. The commission’s Registrar-General, Garba Abubakar, confirmed the development in Abuja while speaking...

Petrol subsidy Now N905.27bn, Oil Price Rises To $79.71           The Nigerian National Petroleum Corporation spent a total of N905.27bn on petrol subsidy in eight months amid rising global oil prices, the latest data obtained from the corporation show. With the international oil benchmark, Brent crude, nearing...

NNPC Struggles To Remit N349.2bn Of Projected N1.465trn To FAAC           Out of a possible N1.46 trillion the Nigerian National Petroleum Corporation (NNPC) budgeted as revenue payment to the nation in the first seven months of 2021, the corporation has only been able to remit N349.254...

Daily Fuel Consumption Rises To 72m Litres As Subsidy Hits N541.66bn             Petrol consumption in the country jumped from 55.59 million litres a day in April to 72.07 million litres per day in the month of May. This shows that in the month of May, petrol consumption...

Between Mele Kyari and Dangote Refinery, by Callistus Uzoma           It is remarkable that the Nigerian National Petroleum Corporation ( NNPC) is undergoing profound transformation at a time of perceived corporate despondency with national economic implications. Most significant of the positive indicators is the elevation to...