NNPC To Begin Sale Of Shares In 2024, Says Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that the earliest the corporation can issue its Initial Public Offer to investors is in the next three years. The NNPC boss...

Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment       The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in spending spree instead of remitting the appropriate funds into the federation account. The Chairman of the Senate Committee...

In Seven Months, NNPC Incurs N756.99bn Petrol Subsidy       The Nigerian National Petroleum Corporation incurred N756.99bn petrol subsidy cost from January to July this year, the latest data obtained from the corporation show. The subsidy, which the NNPC prefers to call ‘value shortfall’ or ‘under-recovery’, resurfaced in...

NNPC Pegs 2022 Crude Oil Price At $57/barrel       The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that the commodity was pegged at $57/barrel for 2022. Group Managing Director, NNPC, Mele Kyari, who disclosed this in...

PIA: FG Can Sell NNPC Shares To Individuals, Says Kyari       There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian National Petroleum Company Limited, the Group Managing Director, NNPC, Mele Kyari, said on Tuesday. Kyari stated...

Refineries, Ventures, Shipping Led To N56.1bn Loss In April - NNPC       Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s total losses in April this year, latest financial and operations data from...