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...

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...